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Thrift Savings Plan Form TSP-70 Request for Full Withdrawal April 2006 GENERAL INFORMATION AND INSTRUCTIONS Use this form to request an immediate withdrawal of your entire vested account balance,

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How to fill out your tsp - doi

How to fill out your tsp:

01

Gather all the necessary documents: Before filling out your TSP (Thrift Savings Plan) form, make sure you have all the required documents handy. This may include your Social Security number, TSP account number, and any relevant financial information.

02

Access the TSP website or contact your HR department: The next step is to access the TSP website, which provides an online platform to fill out your tsp. Alternatively, you can also contact your HR department or the TSP helpline to request a physical copy of the form.

03

Provide personal information: Begin by providing your personal information, such as your full name, contact details, and social security number. This ensures that your tsp account is correctly associated with your identity.

04

Choose the type of transaction: Select the type of transaction you are requesting with your tsp. This could include contributions, withdrawals, or a transfer of funds.

05

Specify the amount: If you are making a contribution, withdrawal, or transfer, indicate the amount you wish to deposit, withdraw, or move from one TSP account to another.

06

Select the investment option: Determine how you want your tsp funds to be invested. There are various investment options available, such as individual funds or target-date funds, which are designed based on your expected retirement date.

07

Provide banking details: If you are making a contribution or requesting a withdrawal, you will need to provide your banking information. This includes your bank account number and routing number for the funds to be deposited or withdrawn.

08

Review and submit the form: Before finalizing, carefully review all the information you have entered to ensure accuracy. Once you are satisfied, submit the form electronically or via mail if you have a physical copy.

Who needs your tsp:

01

Federal employees: The primary beneficiaries of the TSP are federal employees, including civilian employees and members of the military. It serves as their retirement savings plan, allowing them to accumulate funds for their post-employment years.

02

Uniformed service members: TSP is also available for uniformed service members, including those in the Army, Navy, Air Force, Marine Corps, and Coast Guard. It provides them with a structured retirement savings option, tailored to their specific needs.

03

Individuals seeking long-term financial security: TSP can be beneficial for individuals who prioritize long-term financial security and want to supplement their Social Security benefits or other retirement plans. It offers the opportunity for consistent contributions and potential growth over time.

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What is your tsp?

The tsp is a Thrift Savings Plan, which is a retirement savings plan for federal employees and members of the uniformed services.

Who is required to file your tsp?

Federal employees and members of the uniformed services are required to file their tsp.

How to fill out your tsp?

Employees can fill out their tsp online or by submitting paper forms provided by the TSP website.

What is the purpose of your tsp?

The purpose of the tsp is to provide federal employees and members of the uniformed services with a retirement savings plan.

What information must be reported on your tsp?

Employees must report their contributions, investment elections, and beneficiary designations on their tsp.

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