What are TSP lump sums - What is a TSP lump sum? 1-800-566-1002 What are the best types of TSP lump sum strategies and learn how you can avoid the most common mistakes that individuals have made when looking to trigger their TSP lump sum withdrawals. TSP Lump Sum: Should You Take It or Not? If you're a federal employee who is about to retire, one of the biggest decisions you will make is whether or not to take a TSP lump sum. The TSP (Thrift Savings Plan) is a defined contribution plan for federal employees and members of the uniformed services. It is similar to a 401(k) plan in the private sector, and it provides a way for employees to save money for retirement. In this article, we will discuss the pros and cons of taking a TSP lump sum, and help you make an informed decision. What is a TSP Lump Sum? A TSP lump sum is a one-time payment that you receive when you retire from federal service. You can choose to take all or part of your TSP balance as a lump sum. If you...
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