when you mail it to the Thrift Savings Plan (TSP). If you request a mixed withdrawal, indicate on the top of Form W-4P the option to which the withholding applies. You should not complete Form TSP-70 if: • Your vested account balance is less than $200. The TSP will automatically send you a check for the balance of your account
Any copies of Form TSP-70/TSP-U-70, Request for Full Withdrawal, Form TSP-77/TSP-U-77, Request for Partial Withdrawal When Separated, Form TSP-79, Change From Monthly Payments to Final Payment, and Form TSP-90, Withdrawal Request for Beneficiary Participants, with a date prior to September 2019 are obsolete and will no longer be processed ...
In a recent bulletin, the Thrift Savings Plan (TSP) announced that the Federal Retirement Thrift Investment Board (FRTIB) has created new forms and online tools and made prior versions of some old forms obsolete. (See below for a consolidated list from the TSP of obsolete forms affected by the transition.)
If you are separated from federal service, complete TSP-70 (Request for Full Withdrawal) or TSP-77 (Request for Partial Withdrawal). If you are 59½ or older and still employed, use TSP-75 (Age-Based In-Service Withdrawal Request). These forms are available on TSP.gov. 2. Request a Direct Rollover (Avoid Taxes and Penalties)
Form TSP 70 is the form you need to fill up and submit when making a request for a full and immediate withdrawal of your entire vested Thrift Savings Plan (TSP) account balance. The TSP 70 form may be used only after you leave federal employment, and your employing agency confirms your separation from Federal service.
Thrift Savings Plan participants may now submit withdrawal and loan forms online, the agency announced Monday. By logging in to “My Account” section of the TSP website (https://www.tsp.gov), participants can find an up-to-date list of TSP forms that are accepted online.Once the form is found and filled out, the participant can select “Upload Form” from the menu.
Obsolete Form New Form/Online Tool; TSP-25, Automatic Enrollment Refund Request (all prior versions) TSP-25, Automatic Enrollment Refund Request (9/2019) TSP-60, Request for a Transfer Into the TSP (all prior versions) TSP-60, Request for a Transfer Into the TSP (9/2019) TSP-60-R, Request for a Roth Transfer Into the TSP (all prior versions) TSP-60-R, Request for a Roth Transfer Into the TSP ...
A: Form TSP-70 can be used by current or former federal employees who have a TSP account and want to withdraw all of their funds. Q: How do I fill out Form TSP-70? A: To fill out Form TSP-70, you will need to provide your personal information, TSP account details , and choose the withdrawal options that apply to you.
To submit the TSP-70 form, send the completed document to the Thrift Savings Plan at P.O. Box 385021, Birmingham, AL 35238. Alternatively, you may fax the form to 1-866-817-5023. If you have questions, contact the ThriftLine at 1-877-968-3778 for assistance.
The bulletin provides an overview of all the TSP obsolete forms along with the new form or process. You will now access your TSP My Account to access and submit your information. “If a participant submits an obsolete form, they will not hear back from us, and we are unable to process their transaction….new TSP forms are no longer generic and are now barcoded for individual participants ...
Sheila retires March 1, 2025. As of December 31, 2024, Sheila has a $835,420 balance in her traditional TSP account. On March 20, 2025, Sheila goes to her online account and access Form TSP-70 in order to request monthly TSP withdrawals based on her life expectancy.
However, those changes are a couple years out, and for now most TSP account holders will be using the two most common forms: TSP-70 (Request For Full Withdrawal) which would be used after you have ...
What is a TSP 70? A TSP 70 form is related to a Thrift Savings Plan. The Thrift Savings Plan is used by federal employees as a savings and investment plan for retirement. It is similar to 401(k) accounts. The TSP 70 form is used to request a full withdrawal from a Thrift Savings Plan due to employment ending for any reason.
Form TSP-70, Page 2 (1/2018) PREVIOUS EDITIONS OBSOLETE TSP Account Number: (Last, First, Middle) Name: VII. CERTIFICATION AND NOTARIZATION ! This section is required. I certify that I have read the information in this pack-age, as well as the Withdrawal booklet and the TSP tax notice, and that I understand that my withdrawal election is irrevo ...
THRIFT SAVINGS PLAN TSP-70-A LATE REUEST FOR FULL WITHDRAWAL Do Not Write Below This Line fifi.II MARRIED FERS AND UNIFORMED SERVICES PARTICIPANTS — If your total TSP account balance is more than $3,500, your spouse is entitled to a joint life annuity with a 50% survivor benefit, level payments, and no cash refund. Check Item 11 be-
Like any government or financial organization, the Thrift Savings Plan has a myriad of forms and publications. You can find links to them in the “forms and resources” section of the TSP ...
The .gov means it’s official. Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Similarly, a new online-only form TSP-95, Changes to Installment Payments, has replaced the former form TSP-73, and a new online TSP-99, Withdrawal Request for Separated and Beneficiary ...
Thrift Savings Plan Service Office National Finance Center P.O. Box 61500 New Orleans, LA 70161-1500 Make a copy of this form for your records. Mail the original to: Note: You cannot request a withdrawal for a future date that is Form TSP-70 (11/94) Telephone number: (504) 255-6000 TDD: (504) 255-5113 11: Life annuity. Your account balance must ...
