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Eligible expenses typically include: A recurring negative monthly cash flow situation. Medical expenses that are not yet paid and arent covered by insurance. Legal expenses for separation or divorce that you have not yet paid.
If you do not want to initiate your request on the Web site, you can down- load the withdrawal forms or request them from the TSP Service Office. Submit Form TSP-70 or TSP-U-70, Request for Full Withdrawal, or Form TSP-77 or TSP- U-77, Request for Partial Withdrawal When Separated, as described on page 4.
portion not rolled over will be taxed and may also be subject to the 10% early withdrawal penalty if you are under age 59 . (See page 3 .) amount rolled over will be taxable in the current year .
It generally takes between 7 to 10 business days to process your request once youve properly completed and submitted it. We disburse withdrawals each business day. You can check My Account at tsp.gov or call the ThriftLine to find out the status of your withdrawal request, including whether the payment has been made.
The TSP will automatically withdraw your RMD for you at the end of the year if you dont do it yourself.
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Previously, the excise tax was 50% of the amount. Now it is 25%, and it can be reduced to 10% if you take the correct RMD within two years. If you are required to take an RMD and your distributions fall short of the required amount, the TSP will automatically send you the amount thats required.

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