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Thread: About to retire from the Air Force...

  1. 06-28-2008, 10:23 PM #1
    Snarg
    Snarg is offline Rookie
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    Default About to retire from the Air Force...

    I am about to retire from the Air Force and have a few questions concerning the money in my TSP account:

    1) Can I withdraw my money?
    2) If so, how would I do so?
    3) How much of a penalty should I expect to pay?

    I have no plans of re-investing the money, I am going to use it to help pay down some bills.

    Thank you for your time.
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  2. 06-30-2008, 12:40 PM #2
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    clester
    clester is online now Club TSP
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    Default Re: About to retire from the Air Force...

    If you withdraw it in a lump sum you will pay income tax plus 10% penalty.

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  3. 02-01-2009, 02:34 PM #3
    OMA
    OMA is offline TSP Starter
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    Default Re: About to retire from the Air Force...

    ouch!
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