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Snarg
06-28-2008, 04:23 PM
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.

clester
06-30-2008, 06:40 AM
If you withdraw it in a lump sum you will pay income tax plus 10% penalty.

OMA
02-01-2009, 08:34 AM
ouch!:sick: