Considering Your Next Move? TSP Withdrawals
Considering Your Next Move? TSP Withdrawals
Considering Your Next Move? TSP Withdrawals
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You Decide — Now or Later?Now that you’ve left Federal service, you needto make some decisions about your <strong>TSP</strong> account.Here are the options you can choose from:• Leave your money in the <strong>TSP</strong>. You willhave to make a final withdrawal decision foryour entire account no later than April 1 of theyear after you turn age 70 ½.• Take out part of your account (i.e., makea partial withdrawal). You can withdraw$1,000 or more, which will be paid out in asingle payment. ( This is available only if youdid not already make an age-based in-servicewithdrawal.)• Take out your entire account (i.e., make afull withdrawal). You have three withdrawalmethods to choose from:––a single payment — all (or a portion) of youraccount, paid at one time.––monthly payments — in an amount youchoose or based on your life expectancy.––a life annuity — paid to you throughout yourlifetime or to you or your spouse (or anotherjoint annuitant) while either of you is alive.(This is available only for an amount of$3,500 or more.)A fourth possibility: a “mixed withdrawal” — anycombination of the above three methods.Plus, if you have both a uniformed services anda civilian <strong>TSP</strong> account, you may be able to combineboth accounts into one.Before you request any withdrawal, read thebooklet Withdrawing <strong>Your</strong> <strong>TSP</strong> Account AfterLeaving Federal Service and the <strong>TSP</strong> tax notice“Important Tax Information About PaymentsFrom <strong>Your</strong> <strong>TSP</strong> Account.” The information in thismaterial will help you make an informed decision.If you’re interested in a life annuity or <strong>TSP</strong>monthly payments, visit the <strong>TSP</strong> website forinformation and calculators to help you withyour decision. When you’re ready to make awithdrawal, you can obtain the material youneed from the Forms & Publications section ofthe website, or you can order them using the attachedrequest.The <strong>TSP</strong> is also ready to assist you with anyques tions you might have. You can contact aParticipant Service Representative through theThriftLine or by writing to the <strong>TSP</strong>:Thrift Savings PlanP.O. Box 385021Birmingham, AL 35238Note: Please include your entire <strong>TSP</strong> accountnumber on any written correspondence to the <strong>TSP</strong>.<strong>TSP</strong> Website: ThriftLine: 1-<strong>TSP</strong>-YOU-FRST TDD: 1-<strong>TSP</strong>-THRIFT5www.tsp.gov Outside the U.S. and Canada: 404-233-4400 (1-877-847-4385)
THRIFT SAVINGS PLAN <strong>TSP</strong>-72REQUEST FOR tsp materials for separated participantWhen you are ready to make your withdrawal request, obtain the most current <strong>TSP</strong> forms and materials from the <strong>TSP</strong> website(www.tsp.gov). You can also complete this form and fax it to 1-866-817-5023. If you prefer to mail your request, be certain to tape theopen sides and affix a stamp before mailing it to the <strong>TSP</strong>. Note: If you are providing a new address on this form, it will not be used toupdate your <strong>TSP</strong> account. To notify the <strong>TSP</strong> of an address change, submit Form <strong>TSP</strong>-9, Change in Address for Separated Participant.This request applies to my: Civilian Account OR Uniformed Services Account1.Last Name First Name Middle Name2. 3. 4.<strong>TSP</strong> Account Number/ /Date of Birth (mm/dd/yyyy)Daytime Phone (Area Code and Number)5. 6.Foreign address?Check here.Street Address or Box NumberStreet Address Line 27. 8. 9.CityStateZip Code–<strong>TSP</strong> MATERIALS YOU WISH TO RECEIVETo withdraw your account: For other actions or information:❒ Request for Full Withdrawal (Form <strong>TSP</strong>-70) ❒ Designation of Beneficiary (Form <strong>TSP</strong>-3)❒ Exception to Spousal Requirements (Form <strong>TSP</strong>-16/U-16) ❒ Change in Address for Separated Participant (Form <strong>TSP</strong>-9)❒❒❒❒Request for Partial Withdrawal When Separated(Form <strong>TSP</strong>-77)Withdrawing <strong>Your</strong> <strong>TSP</strong> Account After Leaving FederalService (Booklet)Important Tax Information About Payments From <strong>Your</strong> <strong>TSP</strong>Account (Main Tax Notice)Important Tax Information About <strong>Your</strong> <strong>TSP</strong> Withdrawal andRequired Minimum Distributions (RMD Tax Notice)❒ Change in Name for Separated Participant (Form <strong>TSP</strong>-15)❒ Information Relating to Deceased Participant (Form <strong>TSP</strong>-17)❒ Request for a Transfer Into the <strong>TSP</strong> (Form <strong>TSP</strong>-60)❒ Request for a Roth Transfer into the <strong>TSP</strong> (Form <strong>TSP</strong>-60-R)❒ Request to Combine Uniformed Services and Civilian <strong>TSP</strong> Accounts (Form <strong>TSP</strong>-65)❒ Summary of the Thrift Savings Plan (Booklet)❒ Court Orders and Powers of Attorney (Booklet)❒ Death Benefits (Booklet)Important Tax Information About Thrift Savings Plan Death Benefit Payments❒(Death Benefit Tax Notice)❒Tax Information for <strong>TSP</strong> Participants Receiving Monthly Payments (MonthlyPayments Tax Notice)
Remember:• Keep your address up-to-date in your<strong>TSP</strong> record through January of the yearafter your account has been completelypaid out. This will ensure that importantinformation can reach you.• Important information that you will needto make a withdrawal decision is containedin the booklet Withdrawing <strong>Your</strong> <strong>TSP</strong> AccountAfter Leaving Federal Service and the<strong>TSP</strong> tax notice “Important Tax InformationAbout Payments From <strong>Your</strong> <strong>TSP</strong> Account.”• You can begin your withdrawal request onthe <strong>TSP</strong> website. In the My Account sectionyou will find an easy program that will guideyou through the type of withdrawal you arerequesting. The program produces a prefilledform that you simply have to mail or fax tothe <strong>TSP</strong> along with any additional requiredpaperwork.• When you use the website to accessyour account, you will need your8-character <strong>TSP</strong> Web passwordand your <strong>TSP</strong> account number.<strong>TSP</strong>LF15 (5/2012)PREVIOUS EDITIONS OBSOLETE