What are the new rules for TSP withdrawal options? TSP stands for Thrift Saving Plan, meaning the plan for investments and retirement savings. This program is currently widely available in many banks and finance companies.
Sure, it allows the customers to save and invest their funds to be withdrawn later when their retirement has come. Although it sounds simple, in general, there are some rules and requirements to fulfill if the customers want to withdraw their money. You can choose one of them to make your money accessible. They are distributing lump sum, withdrawing installments, and choosing an annuity.