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You can only withdraw funds in which you are vested (i.e., funds you are entitled to keep) based on your years of service. The amount of your age-59 withdrawal must be at least $1,000 or your entire vested account balance (even if its less than $1,000).
To request a TSP distribution, log in to My Account to begin the request or contact us through the ThriftLine.
If you are 591/2 or older, you can make withdrawals from your TSP account while you are still employed . You must pay income tax on the taxable portion of your withdrawal unless you roll it over to an IRA or other eligible employer plan .
Current federal civilian employees and members of the uniformed services who are age 59 or older are able to request a withdrawal of all or a part of their vested TSP account balance.
There are three basic methods of taking distributions from your TSP account as a separated or beneficiary participant: installment payments. monthly, quarterly, or annual. fixed dollar amount or based on life expectancy. partial or total distributions. annuity purchases.
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If you are 591/2 or older, you can make withdrawals from your TSP account while you are still employed . You must pay income tax on the taxable portion of your withdrawal unless you roll it over to an IRA or other eligible employer plan .
There is no limit of the number of distributions you can take after you retire, though processing times limit you to no more than one every 30 calendar days.
You are only eligible to receive a financial hardship in-service withdrawal if you are experiencing negative monthly cash flow or have unpaid medical expenses, a casualty loss, or unpaid legal fees incurred for a separation or divorce, or losses due to a major natural disaster declared by the Federal Emergency
Any payment from your traditional balance is considered taxable income since youve deferred paying taxes on this money. This includes your contributions, any agency or service contributions, and the earnings.
You can log into My Account or call the ThriftLine to find out the status of your withdrawal request. You will be notified when the funds have been disbursed. You should expect it to take up to 10 days from the time the TSP receives your request until the time you receive the check.

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