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What is a TSP 77 form?

Form TSP-77 (10/2005) If you have separated from Federal service, you can use this form to request a one-time-only withdrawal of part of your vested account balance.

When can I take money out of TSP without being penalized?

Age-59 ½ in-service withdrawals are withdrawals that you can make from your TSP account when you're age 59½ or older. We determine your age based on the date of birth reported by your employing agency or service. If that date is incorrect, you must ask your agency or service to change it.

What is a TSP 75 form?

Tsp 75 Form TSPs are special retirement accounts only available to federal employees, members of the military, and their families. This form is also known as an Age-Based In-Service Withdrawal Request. It can only be used by someone who is over the age of 59 1/2 years and who is still a government employee.

What are the new rules for TSP withdrawal options?

Under the new TSP withdrawal options, all participants can take one withdrawal every 30 days. Participants who have left federal service will have no other limitations beyond the 30-day requirement to make partial withdrawals from the TSP.

How do I make a withdrawal from my TSP?

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). Outside the U.S. and Canada, please call 1-504-255-8777.

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Where do I get TSP withdrawal forms?

Thrift Savings Plan participants may now submit withdrawal and loan forms online, the agency announced Monday. By logging in to \u201cMy Account\u201d section of the TSP website (https://www.tsp.gov), participants can find an up-to-date list of TSP forms that are accepted online.

Where do I get TSP withdrawal forms?

Thrift Savings Plan participants may now submit withdrawal and loan forms online, the agency announced Monday. By logging in to \u201cMy Account\u201d section of the TSP website (https://www.tsp.gov), participants can find an up-to-date list of TSP forms that are accepted online.

How do I avoid paying taxes on my TSP withdrawal?

If you want to avoid paying taxes on the taxable money in your TSP account for as long as possible, do not to take any distributions until the IRS requires you to do so. By law, you are required to take required minimum distributions (RMDs) beginning the year you turn 72.

Where do I get TSP withdrawal forms?

Thrift Savings Plan participants may now submit withdrawal and loan forms online, the agency announced Monday. By logging in to \u201cMy Account\u201d section of the TSP website (https://www.tsp.gov), participants can find an up-to-date list of TSP forms that are accepted online.

When can you withdraw TSP without penalty?

Federal employees retiring or separating from federal service in the calendar year that you turn age 55 (or 50 if you're a special provision employee) or older, you can access the TSP funds without penalty. So as long as you meet that rule, you are good to go.

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