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Form TSP 70 Checklist – Request for Full Withdrawal

Form TSP 70 is the form you need to fill up and submit when making a request for a full and immediate withdrawal of your entire vested Thrift Savings Plan (TSP) account balance. The TSP 70 form may be used only after you leave federal employment, and your employing agency confirms your separation from Federal service.

You can complete Form TSP 70 Form here (http://www.tsp-70.com/) and post it to TSP (Thrift Savings Plan P.O. Box 385021 Birmingham, AL 35238), fax it to 1-866-817-5023, or use the TSP.gov website to initiate, and in some cases, even complete the withdrawal online.

Here’s a brief checklist of items you need to keep in mind while filling up TSP 70 Form:

  1. Sections I, IV, and VII on Pages 1 and 2 must be filled up by all participants.
  2. You are required to sign and date the form in these sections, and
  3. The signature has to be notarized.

Married TSP participants (based on their retirement coverage), will need to complete either

  1. Section II or III.

Married participants under FERS and those in the Uniformed Services

Must have their spouse to sign the appropriate TSP form, and

  1. The Spousal signature on the TSP form must also be notarized.

Form TSP 70 Checklist For Thrift Savings Plan Request for Full Withdrawal

If you are transferring your traditional (non-Roth) balance, you need to;

  1. Check the box in Section V, and
  2. Complete Page 4 with the help of your IRA trustee or plan administrator.

If you are transferring your TSP Roth balance, you need to;

  1. Check the box in Section V, and
  2. complete Page 5 with the help of your IRA trustee or plan administrator.

If you are transferring both traditional and Roth balances, you must

  1. check the box in Section V, and
  2. complete both Page 4 and Page 5.

In any case, make sure to include the completed page(s) while sending your withdrawal request package.

Given the complexity of the TSP forms and the potential delays that mistakes can create we recommend you call us today to discuss your TSP paperwork and to allow us the opportunity to provide you advice on your TSP and to help you take full advantage of your TSP withdrawal as you enter retirement.

TSP 70 Form