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Thread: I give up

  1. Default I give up

    I have thought about this long and hard. Does anyone know what I need to do to completely cash out? I know I will have to pay penalties and tax..Got it. I just want what is left of my money and I will go play somewhere else.

    I think I can do better using my TSP money to buy silver, gold and M-4s.

    Thanks to anyone that can help. Yes, I know I am a loon, you don't have to tel me any more.


  2.  
  3. #2

    Join Date
    Sep 2004
    Location
    Missouri
    Posts
    8,619

    Default Re: I give up

    You can only cash out when you separate.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

  4.  
  5. #3

    Join Date
    Feb 2007
    Location
    Manassas, Virginia
    Posts
    3,498

    Default Re: I give up

    Quote Originally Posted by brushout View Post
    I have thought about this long and hard. Does anyone know what I need to do to completely cash out? I know I will have to pay penalties and tax..Got it. I just want what is left of my money and I will go play somewhere else.

    I think I can do better using my TSP money to buy silver, gold and M-4s.

    Thanks to anyone that can help. Yes, I know I am a loon, you don't have to tel me any more.
    Tell us your Story.. Then there will be many that can help...

  6.  
  7. #4

    Join Date
    Oct 2006
    Location
    Tennessee hills
    Posts
    1,021

    Default Re: I give up

    Quote Originally Posted by brushout View Post
    I have thought about this long and hard. Does anyone know what I need to do to completely cash out? I know I will have to pay penalties and tax..Got it. I just want what is left of my money and I will go play somewhere else.

    I think I can do better using my TSP money to buy silver, gold and M-4s.

    Thanks to anyone that can help. Yes, I know I am a loon, you don't have to tel me any more.
    Quote Originally Posted by Show-me View Post
    You can only cash out when you separate.
    This link explains in-service withdrawal options. Go to the TSP website homepage and paste the link from there.
    http://www.tsp.gov/forms/tspbk12.pdf
    ~ Take nothing but pictures ~ Leave nothing but footprints

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  9. Default Re: I give up

    there is no story to tell. I just want out with whatever is left.

  10.  
  11. #6

    Join Date
    Feb 2007
    Location
    Manassas, Virginia
    Posts
    3,498

    Default Re: I give up

    Quote Originally Posted by budnipper1 View Post
    This link explains in-service withdrawal options. Go to the TSP website homepage and paste the link from there.
    http://www.tsp.gov/forms/tspbk12.pdf

    Does not work for me Budnipper. Just tried it...

  12.  
  13. Default Re: I give up

    Quote Originally Posted by budnipper1 View Post
    This link explains in-service withdrawal options. Go to the TSP website homepage and paste the link from there.
    http://www.tsp.gov/forms/tspbk12.pdf
    After reading, it looks like I will just have to sit here and suffer as I watch our TSP accounts go to zero. I will still have my M-4 to cling to. lol

  14.  
  15. #8

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: I give up

    Quote Originally Posted by brushout View Post
    After reading, it looks like I will just have to sit here and suffer as I watch our TSP accounts go to zero. I will still have my M-4 to cling to. lol
    brushout, when do you retire?
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

  16.  
  17. #9

    Join Date
    Oct 2006
    Location
    Tennessee hills
    Posts
    1,021

    Default Re: I give up

    Quote Originally Posted by poolman View Post
    Does not work for me Budnipper. Just tried it...
    The first time I found it was after I logged on to My Account with the TSP website. Later, after I had signed off, I could still access the pages from the homepage without signing back in. Maybe it was a cookie thing... Did you paste the link in your browser from TSP's homepage? Sorry it didn't work for you. I'm sure you will figure it out. It's a 20 page pdf file booklet about in-service withdrawals.
    ~ Take nothing but pictures ~ Leave nothing but footprints


  18.  
  19. #10

    Join Date
    Feb 2007
    Location
    Manassas, Virginia
    Posts
    3,498

    Default Re: I give up

    Quote Originally Posted by budnipper1 View Post
    The first time I found it was after I logged on to My Account with the TSP website. Later, after I had signed off, I could still access the pages from the homepage without signing back in. Maybe it was a cookie thing... Did you paste the link in your browser from TSP's homepage? Sorry it didn't work for you. I'm sure you will figure it out. It's a 20 page pdf file booklet about in-service withdrawals.

    got it budnipper, I'm Sorry...

  20.  
  21. #11

    Join Date
    Jul 2005
    Location
    Atlanta, GA
    Posts
    2,248
    Blog Entries
    1

    Default Re: I give up

    Quote Originally Posted by brushout View Post
    I have thought about this long and hard. Does anyone know what I need to do to completely cash out? I know I will have to pay penalties and tax..Got it. I just want what is left of my money and I will go play somewhere else.

    I think I can do better using my TSP money to buy silver, gold and M-4s.

    Thanks to anyone that can help. Yes, I know I am a loon, you don't have to tel me any more.
    you have to resign/quit
    CURRENT ALLOCATION = 100% G
    Fear is the greatest buy signal ever seen in the stock markets - Birchtree

  22.  
  23. #12

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,999

    Default Re: I give up

    Quote Originally Posted by ATCJeff View Post
    you have to resign/quit
    That's right, you have that 1% going in to your account by default....FERS, gotta love it!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position

  24.  
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