The Thrift Savings Plan
If you participated in the Uniformed Thrift Savings Plan while you were in the service, then
you have several options:
-
Leave your money in the TSP. If your money remains in the TSP, it will continue to
accrue earnings. Although you will not be able to make additional contributions, you will be
able to make interfund transfers. You must begin withdrawing from your account no later than
April 1 of the year following the year you turn age 70.
-
Receive a single payment. All or a portion of your account can be transferred to a
traditional IRA or eligible employer plan (e.g., a 401(k) plan or your civilian TSP account)*
-
Request a series of monthly payments based on a dollar amount or your life
expectancy. All or a portion of certain monthly payments can be transferred to a
traditional IRA or eligible employer plan;*
-
Request a TSP annuity. You must have at least $3,500 in your account in order to
purchase an annuity;
*Tax-exempt contributions to the TSP are eligible for transfer to a traditional IRA or
eligible employer plan only if the financial institution or plan will accept the funds. Funds
not accepted will be paid directly to you. If you transfer balances from your uniformed
service TSP account to your civilian TSP account, the TSP will not accept tax-exempt money.
