The TSP offers several options for withdrawing the money from your account. When making your decision, it's important to think about your income needs and the lifestyle you would like to have in retirement. The approach you take to withdrawing your TSP account depends on your specific goals. Here are a few examples:
There are many different scenarios that may apply to your circumstances. Your withdrawal decision should also be based on whether or not you have other sources of retirement income. For example, you may have taxable investment accounts, a traditional IRA, a Roth IRA, a company pension, or other types of accounts. All of your resources should be considered when deciding on an optimal withdrawal strategy. Consider consulting a qualified financial advisor or a tax professional for help with your particular situation.
To learn more about your TSP withdrawal options, visit Withdrawals After Leaving Federal Service.