New withdrawal options and 4 other things to watch from the TSP this year

The Thrift Savings Plan has a busy year ahead, as the agency that administers the plan is preparing to implement more withdrawal options for participants, as well as a series of new tools designed to help federal employees better save for retirement.

New withdrawal options are first up on the to-do list for the Federal Retirement Thrift Investment Board (FRTIB), the agency that administers the TSP. The new withdrawal flexibilities will be available for participants starting Sept. 15.

The agency has been preparing for the changes for the past year or so, well before the President signed the TSP Modernization Act into law in November 2017.

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