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Thread: House set to vote on easing TSP early withdrawal penalty

  1. #25

    Join Date
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    Stinking desert valley of bad air quality, AZ
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    Default Re: House set to vote on easing TSP early withdrawal penalty

    Good catch ATCJeff. Our legislative types do this all the time. If necessary they will rip out the parts about LE types getting tax relief for TSP withdrawals, leave the title intact and put whatever they want in the text. All perfectly legal they say. Then they go on record as having voted for the title while most citizens do not read what the bill actually makes public law.
    PO

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  3. #26

    Default Re: House set to vote on easing TSP early withdrawal penalty

    So this has gone to the President, has anybody heard what the likelihood is of him signing it?? If so, my next question (Since I'm a retired LEO) is will TSP let me change my withdrawl choice, since I didn't want the penalty and took the Life Expectancy option. Maybe I would have done it differently, if I had no penalty to pay. ANy thoughts?
    From the couch of Y2KBug!
    Maranatha!

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  5. #27

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    Default Re: House set to vote on easing TSP early withdrawal penalty

    Haven't read the bill but it would need a grandfather clause to address prior actions of retirees. Good luck. Sometimes they include them.

    FS
    FogSailing
    Try to learn something about everything and everything about something.


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  7. #28

    Default Re: House set to vote on easing TSP early withdrawal penalty

    Quote Originally Posted by FogSailing View Post
    Haven't read the bill but it would need a grandfather clause to address prior actions of retirees. Good luck. Sometimes they include them.

    FS
    I believe it will for those who retired at 50. We'll see. All I know is that I am stoked about my retirement now more than ever! House set to vote on easing TSP early withdrawal penalty

    Frank

    Sent from my XT1080 using Tapatalk

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  9. #29

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    Default Re: House set to vote on easing TSP early withdrawal penalty

    CURRENT ALLOCATION = 100% G
    Fear is the greatest buy signal ever seen in the stock markets - Birchtree

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  11. #30

    Default Re: House set to vote on easing TSP early withdrawal penalty

    So, I wrote TSP an email and asked if they would let me reconsider my withdrawl option since the new law passed, they said NO. They did say I could change from "Life expectancy" monthly Payments, to "Fixed" monthly payments, but then I can't change back to "Life expectancy" once I've left that... BUMMER..
    From the couch of Y2KBug!
    Maranatha!

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