The TSP is not a bank account and shouldn't be used as such.
The plan should be used for your retirement years. Take out
what you must and roll the rest into a Roth IRA Sorry if this
sounds harsh, but from now on, save and invest wisely.
I am active duty Air Force and have been contributing off and on to my TSP since I joined. I have served just over 4 1/2 years. I not going to re-enlist and I was planning on using my TSP as the account I would put money into that would support me several months after I got out (I know that was a bad choice). That is if I needed support. My TSP already had $1700 in it after 3 years ($600 tax free) and my plan was to build it up to about $4500 before I got out. I knew there would be 20% tax taken out and 10% withdrawal fees. Now I only have a year and 3 months left. I have debt that will take me atleast 10-11 months to pay off. So there really isnt any way to start now on a savings for when I get out and it be enough for 3-4 months. What are some suggestions on what I should do or could do? I know that I wouldn't recieve my TSP money right after I separated either. I understand my choice was wrong, so I dont need anyone telling me it was. I am just looking for a way to possibly salvage it. Thanks!
