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Note - TSP

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Fact SheetTSPFS24 (3/2020)AnnuitiesThis fact sheet explains life annuities, one of the TSP withdrawal options after you separate from service or have a beneficiary participant account established. For information about your other TSP withdrawal options TSP installment payments and single withdrawals see the TSP booklet Withdrawing From your TSP account for Separated and Beneficiary : A life annuity purchased with money from your TSP account is not the basic annuity or pension that you will receive as a result of your retirement coverage under FERS or CSRS, or the military retired pay that members of the uniformed services receive. If you have questions about your eligibility for the basic annuity or military retired pay, contact your agency or is a life annuity?A life annuity is not like your TSP account , an IRA, a certificate of deposit, or a bank account . When you purchase a life annuity, you give up control of your money in exchange for lifetime monthly payments from the annuity of your Life Annuity PaymentsThe factors that affect the amount of your monthly annuity payments include the following: the amount used to purchase your annuity your age when your annuity is purchased (and the age of your spouse or other joint annuitant if you choose a joint annuity)1 the annuity option you choose the interest rate index when your annuity is purchasedEstimating monthly annuity payments.

from your TSP account is the same as for starting TSP installment payments or making a single withdrawal. Log into the My Account section of tsp.gov and click “Withdrawals and Changes to Installment Payments.” Then use the online tool for withdrawals. See the TSP booklet Withdrawing From Your TSP Account for Separated

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