Withdrawals in retirement | The Thrift Savings Plan (TSP)
2024年10月4日 · To request a TSP withdrawal or distribution after you leave federal service, log in to My Account to begin the request or contact the ThriftLine. Withdrawals and distributions cannot be reversed once they’ve been processed, so think carefully before you make a move.
What Should Federal Employees Do With the TSP After Retirement…
2021年4月23日 · If you retire in the year that you turn 55 or later, then you have immediate access to your TSP without penalty. If you are a special category employee (SCE) and you retire in the year that you turn age 50 or later, then you have immediate access to your TSP, as well.
Taking money from your account | The Thrift Savings Plan (TSP)
2024年5月24日 · The money in your TSP account plays a big role in your retirement picture. You’ll need those savings to provide you with income when you need it, so you’ll need to plan your withdrawal strategy carefully. You’ll find an overview of some topics to consider on this webpage.
TSP Withdrawal Rules After Retirement: What to Know
2024年2月2日 · Here are key TSP withdrawal rules after retirement to help you prepare and avoid any missteps that could impact your financial security.
Should I Move My Money Out of the TSP Once I Retire? - FedSmith
2023年8月8日 · What Should I Do With My TSP at Retirement? What to do with your TSP account upon reaching retirement is an important decision. These are some considerations. TSP Withdrawal Rules and Options. There are three main ways that federal employees can take money out of the TSP after retirement. What Should Federal Employees Do With the TSP After ...
Protecting your TSP investment after retirement - Federal News …
2020年12月15日 · Closing out your TSP in retirement to a balance of zero is a final and irrevocable step. An important consideration with your TSP is when you leave federal service to seek a position in the private sector, if you have any pending loans you will have to immediately pay them off the loan.
How Much Income Will Your TSP Really Provide in Retirement?
2022年9月23日 · What the 4% rule actually says is that you take 4% of your TSP balance at the beginning of retirement and then increase that original withdrawal every year based on inflation. Here’s an example: Let’s say you retire with $500,000. 4% of that is $20,000 so in year 1 of retirement you can withdrawal $20,000.
Leaving the Federal Government | The Thrift Savings Plan (TSP)
2022年5月1日 · Once you leave the federal government, you’ll no longer be able to make employee contributions. However, you can still change your investment mix, transfer eligible money into your account, and enjoy our low costs—all while your account continues to …
5 Things You Should Know About Withdrawing From Your TSP
2021年5月5日 · Once you separate from federal service, you’ll have three options for taking TSP withdrawals. They are: I. Lump-Sum: Whether you just need a portion of your TSP savings or want to withdraw the entire balance, you can have your funds transferred directly to you or an eligible retirement plan (IRA, 401 (k), etc.).
How Will You Use Your TSP When You Retire? - FEDweek
2021年2月9日 · If our TSP investments keep growing after retirement, we may have years in which our account balance either stays the same or grows. The next time you have time on your hands, go to the TSP...