Re: [TSP_Strategy] Waiting for implement of TSP rule changes - multiple withdrawals

 

I am not sure if you need to draw a lump sum or what but if you can pay your medical bills in payments you can draw money from the tsp in payments based on the IRS life expectancy table and I believe that is considered a full withdrawal,you should call them and discuss this if monthly payments from tsp will work. you still retain control of your money since this is not an annuity purchase. This might tide you over till the rules changes actually  go into affect.

Gary10122000
gary10122000@aol.com

-----Original Message-----
From: caramall22@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com>
To: TSP_Strategy <TSP_Strategy@yahoogroups.com>
Sent: Thu, Apr 19, 2018 10:25 pm
Subject: [TSP_Strategy] Waiting for implement of TSP rule changes - multiple withdrawals

 

Just thought I'd get some input.  I'm retired military and we have some significant medical expenses to cover.  I naively thought the new withdrawal options would start almost immediately so I took out a small amount figuring I could take out more withdrawals during this year.  I'm getting to the point of needing to pull more out but will have to pull it all out.  Any guesses how long it will be before the new options are available?  I guess that's just a crap shoot.  Really wanted to leave a chunk in the TSP.

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Posted by: gary10122000@aol.com

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