TSP TRANSFER

Why would a federal employee desire to do this? What are the benefits?

TSP TRANSFER BENEFITS

While TSP provides a great opportunity to accumulate funds during your working career, it is not so great when it comes to providing guarantees and protection as you near retirement.

A TSP Transfer offers you several advantages:

SAFETY & SECURITY

• Eliminate risk
• Protect your principal from market volatility

GUARANTEES

• Guaranteed protection from the downside of the stock market
• You will not lose a penny due to market volatility

GROWTH POTENTIAL

• Ability to earn a solid interest rate based upon the performance of a stock market index without being directly invested in the market
• Lock in interest gains

INCOME

• Create a lifetime income stream without having to cash in your balance

FLEXIBILITY

• You have the ability to remain in control of your funds and make changes when needed

Is a TSP Transfer Right For You? Our licensed TSP experts can review your current situation and help you determine if utilizing a TSP Transfer is right for you.

How do I access my TSP funds to perform a Transfer?

TSP WITHDRAWAL OPTIONS

There are two types of withdrawals allowing you to transfer funds from your TSP: Age-Based In-Service Withdrawals and withdrawals upon Separation or Retirement.

Age-Based In-Service Withdrawals:

• Available for those who are still employed by the Federal Government and are at least 59 ½ years old
• Ability to withdraw all or a portion of your vested TSP balance.
• Cannot be repaid. Once you have made an in-service withdrawal, you cannot return or repay the money; your account balance is permanently reduced.
• You may make up to four Age-Based In-Service Withdrawals per calendar year

Withdrawals After Leaving Federal Service:

• When your service ends, you have the ability to take a partial or full withdrawal of your TSP account balance.
• You are allowed an unlimited amount of partial withdrawals.
• Each withdrawal must be at least 30 days apart.