Withdrawal Changes on Tap

The TSP also will be implementing several important changes to its withdrawal policies along with the new system. Of potentially the greatest interest will be the option for investors to combine the three types of withdrawal options-lump-sum payments, annuities and monthly payments-rather than have to designate the entire account balance toward just one of those options. Also, one-time partial withdrawals will be allowed for those who didn’t take an age-based withdrawal while actively employed.