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TSP-70 2018 4.8 Satisfied (216 Votes)
TSP-70 2013 4.3 Satisfied (312 Votes)
TSP-70 2012 4 Satisfied (25 Votes)
TSP-70 2010 4 Satisfied (21 Votes)
TSP-70 2008 4 Satisfied (59 Votes)
TSP-70 2006 3.9 Satisfied (37 Votes)
TSP-70 2001 4.3 Satisfied (35 Votes)
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By law, you are required to take required minimum distributions (RMDs) beginning the year you turn 72. (Participants who turned 70½ on or before December 31, 2019, were required to begin receiving RMDs in the year they turned 70½.)
Submit your withdrawal forms directly to the TSP Service Office. To reach the Service Office, call the TSP ThriftLine at 1-TSP-YOU-FRST (1-877-968-3778) or the TDD at 1-TSP-THRIFT5 (1-877-847-4385).
Form TSP-17, Information Relating to Deceased Participant. Agency Responsibilities. If a TSP participant dies while still in Federal service, the agency should provide Form TSP-17, Information Relating to Deceased Participant to a family member, executor, or potential beneficiary and assist with its completion.
Complete Form TSP-77 and mail it to the TSP Service Office. (Your request cannot be processed until your agency sub- mits confirmation of your separation to the TSP.) 2. Use the TSP Web site (www.tsp.gov) to begin (and in some cases, complete) your withdrawal request.
Current federal civilian employees and members of the uniformed services who are age 59½ or older are able to request a withdrawal of all or a part of their vested TSP account balance.
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Complete Form TSP-77 and mail it to the TSP Service Office. (Your request cannot be processed until your agency sub- mits confirmation of your separation to the TSP.) 2. Use the TSP Web site (www.tsp.gov) to begin (and in some cases, complete) your withdrawal request.
Form TSP 70 is the form you need to fill up and submit when making a request for a full and immediate withdrawal of your entire vested Thrift Savings Plan (TSP) account balance. The TSP 70 form may be used only after you leave federal employment, and your employing agency confirms your separation from Federal service.
The TSP says you should allow up to 10 days from the time you submit your withdrawal request until payment is sent. You will be notified when your payment has been disbursed.
If your vested account balance is $200 or more when you leave federal service, your TSP account stays right where it is until you need it. You can keep more of what you save thanks to our low costs. Plus, you can change your investment mix and transfer eligible money into your account.
It's really tempting to cash out your TSP account to pay for them. But that is almost always the worst thing you can do. Most experts agree that taking money out of your TSP (or any tax-free or tax-deferred) retirement account before you turn 59½, the normal minimum distribution age, isn't smart.

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