airlift: Early this morning I drafted a clarification of my current difficulties and sent it to another member who is trying to be helpful. I will omit his name to respect his privacy. However, in seeking your advise, I will post here the essence of what I explained to him.
"Again I copied the post and it is there now. For your understanding, it is not my wife's IRA. I am the federal employee who is requesting both an in-Service, age based roll-over IRA, as well as an in-Service Financial Hardship withdrawal.
The error I made is one of form and not of substance because I did not use the right forms, such as the TSP-76. There was confusion at home; and as a consequence, it resulted in confusion in the use of forms that my stepson and I used.
So far I have located the written TSP confirmation of the first withdrawal in January. TSP categorized it as an age-based withdrawal in the amount of $125,000 dollars (this includes the 20% income tax withholding). I did receive a direct check for $100,000, with which I am meeting the debt obligations. However, I still have not been able to find the specific written application that I faxed from my office.
In trying to cut through the tape, I must admit that I (or my stepson who helped me) have made mistakes regarding the wrong format or forms that we used.
Both of these transactions I have discussed are so very recent that, in my opinion, that someone should be able to understand the "good faith" transaction that resulted in error, and should be able to correct the essence of the error in a simple, record-keeping, administrative action.
I do not know if there is an administrative panel, forum, or person capable of resolving conflicts of this nature, by understanding the nature of the error and applying fairness to the confusion. I would need to contact someone who might have the authority to deal with these matters with sense of fairness, and without forcing me to enter into expensive or protracted litigation. Take care, and please keep in touch. Thanks!"
Bookmarks