A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify ...

Changes to monthly payment amounts or tax withholding are done online and processed by the TSP. There are a variety of flexible withdrawal options for choosing installment payments directly from ...

If you are a uniformed services member with tax-exempt contributions in your traditional balance, your withdrawal will contain a proportional amount of tax-exempt contributions as well.

"In the area of reducing benefits, Social Security has always been a system that's been kind of tilted towards the lower wage earner" said Tammy Flanagan ...

The Thrift Savings Plan (TSP) has made it easier to withdraw your contributions. Effective Sept.15, 2019, the TSP changed many of its withdrawal rules and loosened the restrictions on when you can ...

The earnings portion of a “non-qualified” distribution will be taxed and potentially be subject to the early 10% withdrawal penalty unless you roll over the full balance withdrawn.

The measure seeks to update TSP, the federal government's 401(k)-style program, encouraging investors to stay in it after they leave their jobs.

Until the regulations are finalized, it’s a good idea to postpone rolling a TSP into an IRA or making other long-term withdrawal decisions, says Josh Andrews, director of military life advice ...

Your last option is to withdraw some or all of the money, a move that comes with a penalty if you’re not 55 years or older (note: to withdraw money without facing a tax penalty from a TSP while ...

Question: What is going on with the new TSP withdrawal rules? Answer: The 401(k)-style Thrift Savings Plan announced last week that expanded withdrawal options enacted into law last year will be ...

The Thrift Savings Plan (TSP) is undergoing some major changes this fall which will make it much easier to withdraw funds. Beginning Sept. 15, 2019 you'll be able to make partial withdrawals from ...

Transferring funds from a Roth TSP to a Roth IRA is a relatively straightforward process, yet it can prove costly if you don’t understand the rules.