TSP-77 2008 free printable template

Complete Form TSP-77 and mail it to the TSP. Your request cannot be processed until your agency submits confirmation of your separation to the TSP. Go on to Form TSP-77 1/2008 PREVIOUS EDITIONS OBSOLETE GENERAL INFORMATION AND INSTRUCTIONS If you have separated from Federal service you can use this form to request a one-time-only withdrawal of part of your vested account balance. THRIFT SAVINGS PLAN TSP-77 REQUEST FOR PARTIAL WITHDRAWAL when separated Participants who are separated from...

How to fill out TSP-77

How to fill out TSP-77

1. Obtain the TSP-77 form from the TSP website or your TSP account.
2. Fill out your personal information at the top of the form, including your name, address, and TSP account number.
3. Indicate the type of withdrawal you are requesting in the designated section.
4. Complete the election section by choosing the specific options that apply to your withdrawal.
5. Review the tax withholding options and choose whether you want federal taxes withheld from your distribution.
6. Sign and date the form at the bottom to certify that the information provided is accurate.
7. Submit the completed TSP-77 form to the TSP office as instructed in the guidelines.

Who needs TSP-77?

1. Any TSP participant who wishes to request a withdrawal from their Thrift Savings Plan account.
2. Individuals who are separating from federal service and want to access their retirement savings.
3. Participants who wish to take a loan or a distribution from their TSP account for specific financial needs.

• Who needs a form TSP-77?
• What is form TSP-77 for?
• Is it accompanied by other forms?
• • When is form TSP-77 due?
  • How do I fill out a form TSP-77?
  • Where do I send it?

Who needs a form TSP-77?

This is a request for a one-time partial withdrawal from a Thrift Savings Plan account. Federal employees of civil and uniformed services have a right to withdraw $1000 or more when they vacate their posts. Instructions inside these forms contain a list of characteristics that eliminate applicant’s eligibility for a one-time withdrawal. They are as follows:

• Applicant’s vested account balance is less than $1000

• Applicant has made a partial withdrawal already. A second withdrawal is not allowed.

• Previously, an age-based in-service withdrawal was made

• An applicant considers re-hiring after separating from Federal service (in case a break lasted less than 31 days).

What is form TSP-77 for?

Form TSP-77 is one of the options for money withdrawal from a TSP account. This form helps applicants who are willing to keep the account. They have an opportunity to obtain a necessary sum without full withdrawal (which is a better option in some cases). To learn more about other options for money withdrawal, visit the TSP’s official website.

Is it accompanied by other forms?

It doesn’t require any attachments.

When is form TSP-77 due?

Applicants are free to request partial withdrawal whenever they want, except for the above-described circumstances. There is no due date for filing form TSP-77.

How do I fill out a form TSP-77?

There are two pages with a detailed questionnaire. Answers to these questions must be complete, honest, and up-to-date. Payment transfers must be revised by the recipient financial institution.

Where do I send it?

The TSP office accepts form 77 by mail or online. Make a copy for you records and send the original to:

Thrift Savings Plan

P.O. Box 385021

Birmingham, Al 35238

Or fax it to 1-866-817-5023.

People Also Ask about

What is a TSP 77 form?

Participants who are separated from Federal service can use this form to request a one-time partial withdrawal of $1,000 or more from their TSP accounts. You cannot make another partial withdrawal from this TSP account if you have previously made one, or if you have previously made an age-based in-service withdrawal.

What form do I need to rollover my TSP to an IRA?

Filling Out Form TSP-70 Request for Full Withdrawal. If you are doing a full withdrawal (transfer or rollover of the entire contents of your TSP), then you will need to fill out pages 1, 2, and 4 (Traditional Balance) and/or Page 5 (Roth Balance).

What is the TSP RMD withdrawal form?

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.

Do I have to report a TSP loan on my taxes?

Your loan interest payments are not tax deductible. You can make extra loan payments in addition to your payroll deductions at any time using a personal check, cashier's check, or money order. You may also make payments through a one-time direct debit; however, those payments are applied to a loan only twice a month.

What form do I use to withdraw from TSP for rollover?

foRm tSp-60 InStRUCtIonS Use this form to request a transfer or to complete a rollover of tax-deferred money from an eligible retirement plan into the traditional (non-Roth) balance of your Thrift Savings Plan (TSP) account. You must have an open TSP account with a balance when your request is received by the TSP.

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What is TSP-77?

TSP-77 is a form used by federal employees to request a withdrawal from their Thrift Savings Plan (TSP) account.

Who is required to file TSP-77?

Individuals who are separating from federal service or have reached the age of 59½ and wish to withdraw funds from their TSP account are required to file TSP-77.

How to fill out TSP-77?

To fill out TSP-77, you need to provide personal information, your TSP account number, and specify the type of withdrawal you are requesting. Additional instructions are available on the form and TSP website.

What is the purpose of TSP-77?

The purpose of TSP-77 is to facilitate the process of withdrawing funds from a TSP account for eligible participants.

What information must be reported on TSP-77?

The information required includes your personal details, TSP account number, type of withdrawal (e.g., full, partial, or age-based), and any applicable tax withholding preferences.