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What form do I need to withdraw my TSP?

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.

Do I have to withdraw my TSP at age 70?

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.)

What form do I fill out to pull money from TSP?

with the TSP, complete Form TSP-77, Request for Partial Withdrawal When Separated. Complete this form (TSP-70) only if you want to initiate monthly pay- ments, purchase a life annuity, receive a final lump sum payment, or a combina- tion of these from your entire vested TSP account balance.

What is a TSP 99 form?

Based on those answers, the online tool will generate Form TSP-99 (WEB), Withdrawal Request for Separated and Beneficiary Participants, which is a summary of the request with the participant's provided information. Depending on the circumstances, the request may be completed entirely online.

How do I fill out a TSP 70?

To complete a TSP-70, you will need to provide the following information: Information About You. ... Married FERS and Uniformed Services Participants. ... Married CSRS Participants. ... Withdrawal Election. ... Transfer Election. ... Direct Deposit Information. ... Certification and Notarization. ... Federal Tax Withholding.

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How do I setup my TSP for the first time?

To start contributing to the TSP, complete the TSP Election Form ( TSP-U-1 ). The form can be downloaded from https://www.tsp.gov/making-contributions/start-change-stop-contributions/. On this form, indicate the percentage of basic pay, incentive pay, special pay, or bonus pay to be contributed.

How do I claim my TSP death benefit?

Reporting a Participant's Death If a participant dies after separating from federal service or is the account holder of a beneficiary participant account, the participant's survivors should contact the ThriftLine Service Center at 1-877-968-3778.

Where do I get TSP forms?

(The most current versions of TSP forms and publications are available on the TSP website at tsp.gov.) To choose your investment fund(s), use the TSP website (tsp.gov) or call the ThriftLine at 1-877-968-3778. Outside the U.S. and Canada, call 404-233-4400.

How do I withdraw my TSP online?

To request a withdrawal, log into My Account on the TSP website and click on the \u201cWithdrawals and Changes to Installment Payments\u201d link on the menu. From there you'll have access to an online tool with which to start your withdrawal.

Do beneficiaries pay taxes on Thrift Savings Plan?

The money in a beneficiary participant account is not subject to federal income tax withholding until it is withdrawn . For more detailed information about beneficiary participant accounts, read the booklet Your TSP Account: A Guide for Beneficiary Participants .

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