A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

We’re in the midst of the end-of-year retirement season for federal workers who are ready to make the big transition from employee to annuitant. In January 2017, the Office of Personnel Management ...

Thrift Savings Plan participants and spousal beneficiaries can shift money from traditional, pre-tax TSP balances to Roth ...

I’ve been receiving quite a few questions lately about what is happening with implementation of the changes to Thrift Savings Plan withdrawal options as a result of the TSP Modernization Act signed ...

A TSP participant is not allowed to take a partial withdrawal once separated from federal service if he or she took an in-service age-based withdrawal. Finally, if a separated employee elects to ...

The bills, which lack Republican support, also aim to ensure that federal employees have access to TSP loans during government shutdowns. Congressional Democrats introduced bills that would waive ...

The House voted to unanimously pass a bill that would increase federal employees' flexibility in withdrawing funds from their retirement accounts. OPM Workforce Management The House of Representatives ...

The Thrift Savings Plan (TSP) has been a primary retirement savings account for many federal employees. The TSP, as a retirement savings account, features simple, easy-to-understand market indexes ...

The Thrift Savings Plan (TSP) has made it easier to withdraw your contributions. Effective Sept.15, 2019, the TSP changed many of its withdrawal rules and loosened the restrictions on when you can ...

The Thrift Savings Plan (TSP) is undergoing some major changes this fall which will make it much easier to withdraw funds. Beginning Sept. 15, 2019 you'll be able to make partial withdrawals from your ...

Thrift Savings Plan contribution limits are $23,500 in 2025, but will increase to $24,500 in 2026. Plus, new super catch-up ...

Americans who are current or former employees of the federal government have more than $550 billion saved for retirement in their Thrift Savings Plans (commonly known by the acronym TSP). Many federal ...