TSP withdrawals


Q. I have been digging through the training materials released by the TSP on the new withdrawal options, but have been unable to find any guidance on when the quarterly and annual withdrawals are paid. If I change from monthly to quarterly or annual for 2020, when will I get the money?

A. From the TSP website: “You should allow up to 10 days from the time you submit your completed withdrawal request until the time payment is sent. We will notify you when your payment has been disbursed. You can check My Account or call the ThriftLine to find out the status of your request. Your withdrawal will take longer if you submit forms that are not completed properly.”


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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 fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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