Q. I am a retired U.S. Postal Service employee under the CSRS system. Upon retiring I took out a partial lump sum withdraw from my account. My retirement adviser informed me at the time that there was “talk” of allowing more than one lump sum withdraw from one’s Thrift Savings Plan account. Any updates or truth to these rumors? Incidentally, I am not yet receiving my annuity from my TSP account, just that initial lump sum payment upon retiring.
A. Yes. New, more liberal, TSP withdrawal rules are scheduled to go into effect later this year. You can learn more about the upcoming changes at https://www.tsp.gov/PDF/formspubs/tspfs10.pdf.