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For example, if you were supposed to withdraw $30,000 as an RMD last year but you didnt (or just forgot) then youd have to pay a $15,000 penalty! But I have some good news. The TSP will automatically withdraw your RMD for you at the end of the year if you dont do it yourself.
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.
NOTIFICATION TO TSP OF NONPAY STATUS (AGENCY USE)
Youll receive your statement by postal mail if: You have set up your My Account login since June 1, 2022, and have chosen postal mail as your delivery preference.
THRIFT SAVINGS PLAN. TSP-1. ELECTION FORM. ORIGINAL TO PERSONNEL FOLDER Provide a copy to the employee and to the payroll office. Use this form to start, stop, or change the amount of your contributions to the Thrift Savings Plan (TSP).
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Required minimum distribution (RMD) changes SECURE 2.0 increases the age you must begin taking RMDs from your TSP account. The start age for RMDs increased from 72 to 73 starting on January 1, 2023. The start age will further increase to 75 on January 1, 2033.
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.

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