Closing TSP account


Q. Let’s say that I’m not eligible for a partial withdrawal because I’ve already taken one, and that I’ve retired and settled on a certain amount of money per month from TSP. After ten years, I decide that this system is no longer working for me. Can I close out my TSP account and get a refund of any remaining savings?

A. As long as you are referring to monthly withdrawals and not annuity payments, yes. You may terminate a series of automatic monthly payments from your account with a full, final withdrawal.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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