What are TSP withdrawals - What is a TSP withdrawal? 1-800-566-1002 What are the best types of TSP withdrawals and learn how you can avoid the most common mistakes that individuals have made when looking to trigger their Thrift Savings Plan withdrawals. Federal employees and members of the uniformed services have access to the Thrift Savings Plan (TSP), a retirement savings and investment plan that provides similar savings and tax benefits as private corporations' 401(k) plans. Contributions to the TSP are tax-deferred, but withdrawals are subject to income tax. This guide aims to assist those thinking about withdrawing money from their TSP account and provide a step-by-step process for doing so. Types of TSP Withdrawals In-Service Withdrawals are withdrawals that an individual can make while still employed by the federal government or as a member of the uniformed services. It's crucial to understand the regulations and limitations before making an in-service wi
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