Although you may no longer make contributions to your TSP account once you separate from the federal service, you may continue to make adjustments in the way your money is invested. In addition, you will be offered a series of withdrawal options from which to choose. (Note: You can leave you money in the TSP where it will continue to earn interest and defer a decision about what to do until a later date, subject to certain mandatory withdrawals starting in the year after the year in which you turn age 70 _).
• withdraw your money as a lump-sum (a partial withdrawal is allowed so long as you did not make an “age-based” withdrawal while still employed);
• withdraw your money as substantially equal monthly payments based on either a monthly dollar amount or actuarial tables;
• have the TSP purchase a life annuity for you, with the choice of a self-only benefit or a survivor annuity, inflation protection and other features; or
• combine the lump-sum, equal monthly payment and/or annuity options.
You can have the TSP transfer all or part of your investments into an Individual Retirement Account or other eligible retirement plan of your choosing. You also can have all or part of a lump-sum or monthly payment withdrawal (but not an annuity) transferred into an IRA or other eligible retirement plan, with the money subject to certain mandatory withdrawals starting in the year after the year in which you turn age 70 _.