TSP and divorce


Q. I am 56 and have been drawing on my TSP by monthly payments (not annuitized)for 2-1/2 years. I am getting divorced and having to split assets. My understanding is that you can’t switch to lump sum after starting monthly payments until 59-1/2. However, divorce being a life event, does the TSP allow you to choose a lump-sum option to the TSP owner once assets are split by court order?

A. You may end your monthly payments in a full and final lump-sum distribution at any time.


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