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Special information is provided for severely injured Soldiers and their families in the Wounded, Ill and Injured section of the site and for surviving family members of fallen Soldiers in the Casualty and Survivor Assistance section. If you have questions or comments please contact us.

Looking to make a withdrawal from your TSP account? You may consider waiting until September 15 2019.

Beginning September 15, 2019, you will have more options for how and when you can access money from your TSP account. These changes are associated with the passage of the TSP Modernization Act (PL 115-84).

The new options fall into the following categories:

• After you separate from service, you can take multiple post-separation partial withdrawals.
• If you’re 59 ½ or older and still working in federal civilian or uniformed service, you can take up to four in-service withdrawals each year.
• You’ll be able to choose whether your withdrawal should come from your Roth balance, your traditional balance, or a proportional mix of both.
• You will no longer need to make a full withdrawal election after you turn 70 ½ and are separated from federal service. (You will still need to receive IRS required minimum distributions – RMDs.)
• If you’re a separated participant, you’ll be able to take monthly, quarterly, or annual payments.
• You’ll be able to stop, start, or make changes to your installment payments at any time.
• You’ll have enhanced online tools to help you make withdrawals in the My Account section of tsp.gov.

All of these withdrawal options and tools will go into effect September 15, 2019.

From now through September 6, you’ll continue to have the same existing withdrawal options available before the law passed. However, starting September 15, you’ll have those same withdrawal options in addition to the new ones.

If you need to withdrawal money before these changes take effect, TSP must receive your properly completed request by 11:59 p.m. on September 6, 2019. TSP will not be able to accept withdrawal requests during a brief period between September 7 and September 14. This transition period allows TSP to finish processing withdrawal requests received before the rules change and to prepare to accept requests with the new withdrawal options.

For more information, visit the TSP Fact Sheet at https://www.tsp.gov/PDF/formspubs/tspfs10.pdf and the MyArmyBenefits Fact Sheet: https://myarmybenefits.us.army.mil/Benefit-Library/Federal-Benefits/Thrift-Savings-Plan-(TSP).