TSP Withdrawal

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Summary created for separating Soldiers. Source: TSP.gov

Published in: Economy & Finance, Business
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TSP Withdrawal

  1. 1. COA 1: Single payment of entire account balance.<br />COA 2: Fixed monthly payments of $650-$850 a month for 8-10 mo.<br />COA 3: Direct monthly or single payment to IRA; Funds transferred are taxable<br />Requirements<br />TSP-U-70 (Request for Full Withdrawal 2/2010)<br />TSP-U-9, Change of Address<br />Mail the shit into the TSP central location<br />Taxes<br />Federal income tax withholding for the distributions<br />Coordination<br />*Finance must notify TSP that we have separated. (USUALLY automatically at final paycheck)<br />*Separation information must be documented by finance to the TSP, so communicate with finance<br />Follow-up of payment status/request<br />TSP records/Thriftline 1-877-968-3778 24/7<br />*Allow several weeks for processing<br />

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