Your Three Basic TSP Withdrawal Choices

The Thrift Savings Plan does not give you a lot of choices as to how to withdraw your money after you separate from federal service.  In general, employer-sponsored plans such as the TSP do not offer the flexibility in withdrawal options that you will find in an IRA.

There are three basic choices in withdrawing your money from the TSP.  The first choice is that of taking a single payment; the second is selecting a series of monthly payments; and the third is purchasing a single premium immediate annuity from MetLife.  We’ll take a more in-depth look at these choices in future articles.

Continue reading, HERE.

Source: FEDWeek