![]() You may only cancel or change your request up until noon on the day your request is scheduled to be processed. Requests received after noon are processed the next business processing night. Requests entered in our system before noon eastern time are processed that same night. We process withdrawal and distribution requests each business day.These TSP booklets offer comprehensive information: Before you request a withdrawal or distribution, make sure you understand your options, the effects on your TSP account, tax rules, and other details. Withdrawals and distributions cannot be reversed once they’ve been processed, so think carefully before you make a move. 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. How to request a withdrawal or distribution You always control how your money in the TSP is invested, even if you aren’t making contributions. Many participants choose to keep their money in the TSP because of the TSP’s low-cost funds.Īnd you can always move money into your TSP account by making rollovers from eligible employer plans and from traditional IRAs. You can keep your TSP account after you separate from federal service as long as you have a vested balance of $200 or more. If you’re a beneficiary participant, your withdrawal or distribution options may be different from those outlined here.If you’re currently working for the federal government and want information about taking money from your TSP account, learn about in-service withdrawals or consider taking a TSP loan. ![]() If you have other sources of income in retirement and don’t need money from your TSP account right now, you don’t need to request withdrawals (also called distributions or post-employment distributions when you take money out after you leave federal service) until you reach a certain age and become subject to required minimum distributions (RMDs). You can keep money in your TSP account as long as you want to. ![]() You have several options for how to use the money in your TSP account after you retire or separate from federal service or the uniformed services.
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