Leaving the Federal Government: Did you know that if your account balance is $200 or more, you can keep that money in the TSP when you leave the federal government?

Once you leave the federal government, you will no longer be able to contribute wages. However, you can always change your investment combination, transfer the eligible amount to your account and take advantage of our low fees while still generating income in your account.

As you prepare to leave the military, here are four important things you need to do:

• Make sure that the TSP always has your current address.
• If you have TSP Loans, decide if you want to pay them off, keep them open and set up monthly payments, or allow them to be under pressure and accept the outstanding balance and accrued interest as income taxes.
• Read the TSP Distribution and Tax Regulations for TSP Payment brochures to fully understand your options and their consequences.

Leaving the uniform service:

Did you know that if your account balance is $200 or more, you can keep that money in the TSP when you leave the federal government:

Once you leave the uniformed services, you will no longer be able to contribute. However, you can always change your investment combination, transfer the eligible amount to your account and take advantage of our low fees while still generating income in your account.

As you prepare to part ways with service, here are some important things you should do:

• Make sure we always have your current address. Once you are an active member of the service, you can update your address through the MyPay website. Just make sure to login and go to the TSP section to change your TSP address. If you change it in the “Mailing Address” section of myPay, it will not change your TSP address.
• If you have TSP loans, decide if you want to pay them off, keep them open and set up monthly payments, or allow them to be under pressure and accept the outstanding balance and accrued interest as income taxes.
• Read the TSP Distribution and Tax Regulations for TSP Payment brochures to fully understand your options and their consequences.

Read also: TSP Mutual Fund TSP vs 401k Plan TSP Login Move Money into the TSP Withdraw From TSP TSP Mutual Fund Annual Fee G Fund F Fund L Fund TSP Share price calculation Account Access and Security TSP Investments TSP Register TSP In-Service Withdrawals Taxes on Withdrawals and Distributions index funds What Is an Index Can I Invest in an Index Lowdown on Index Funds Tracker Fund TSP.Gov Form 70 Form TSP-70 General Information And Instructions