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More flexibility in planning TSP withdrawals |
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No waiting period required between withdrawal requests
As of May 15, 2024, the TSP withdrawal process no longer requires a 30-day waiting period between withdrawal requests. Because you can now complete your withdrawal requests entirely online in My Account, we can process your requests more quickly.
Our goal is to make the TSP the best place for you to manage your retirement income, and we hope this change adds flexibility and convenience to your planning. Remember that you can keep your savings in the TSP after retirement and continue taking advantage of our low-cost funds. All retirement plans charge fees, and TSP fees are lower than 99% of investment options.*
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Withdrawals in retirement
You have several options for how to manage your retirement income from your TSP account. You can choose one or a combination of the following flexible withdrawal options:
- TSP installments (automatic withdrawals)
- Partial distribution of a specified amount
- Annuity purchase
- Total distribution
Learn more about your withdrawal options on our website, where you can download our detailed booklets Distributions and Tax Rules about TSP Payments.
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*As of January 2024, less than 1% of the more than 400,000 active investment options on the Bloomberg Terminal reported expenses below the TSP’s highest 2023 total net expense ratio.
 Is the information about TSP fees helpful?
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