A thrift savings plan (TSP) hardship withdrawal allows federal employees and members of the uniformed services to access their retirement funds in times of severe financial need. To qualify, ...

A withdrawal can affect everything from your tax bill and Medicare premiums to how long your savings last and what your heirs receive.

The Thrift Savings Plan announced updates for temporary loans and withdrawals for TSP participants affected by COVID-19. To get CARES Act-enabled loans or withdraw funds, participants, their spouses ...

H.R. 3031, the TSP Modernization Act of 2017, expands withdrawal options for Thrift Savings Plan (TSP) participants. The TSP is a 401(k)-equivalent retirement account for Federal employees. H.R. 3031 ...

Federal employees receive a retirement benefit package that includes a pension, a tax-advantaged savings plan and Social Security. But many do not fully understand how these benefits work, and that ...

The bills, which lack Republican support, also aim to ensure that federal employees have access to TSP loans during government shutdowns. Congressional Democrats introduced bills that would waive ...

WASHINGTON, Feb. 13-- The Military Officers Association of America issued the following news: The Thrift Savings Plan has always been a valuable benefit for the military, and recent changes make this ...

For government employees who are at or near retirement, the decision to keep assets in the Thrift Savings Plan versus rolling them into an IRA is not necessarily an easy one to make. The most common ...

FLORENCE, S.C., July 10, 2025 /PRNewswire/ -- As early retirement incentives and agency budget shifts continue across federal departments in 2025, Independence Benefits has announced expanded support ...

Starting January 1, 2026, Federal employees and retirees will be able to convert money from their traditional Thrift Savings Plan accounts to a Roth TSP account. Federal employees can make their ...