Kevin Palmer
Well-Known Member
Ok, my ex has to give me $28,000. She is doing so from her 401k to my TSP (Basically the governments version of a 401k).
I was wondering what the penalty would be if I was to simply take say 7 grand of it in the form of cash.
Why???
It would cover all but a small amount of the debt I owe excluding a car payment as I just figure I will have a payment pretty much forever (I normally keep a vehicle 2.5 yrs or so).
If I had to guess, I would think that the potential to make money does outweigh the penalty. But,, if I simply pay off these monthly bills it will give me about a Grand a month of money that I am presently giving up to pay the bills that the 7 grand would cover (minus the penalty that is).
Sooo, let me have it.. LOL
I was wondering what the penalty would be if I was to simply take say 7 grand of it in the form of cash.
Why???
It would cover all but a small amount of the debt I owe excluding a car payment as I just figure I will have a payment pretty much forever (I normally keep a vehicle 2.5 yrs or so).
If I had to guess, I would think that the potential to make money does outweigh the penalty. But,, if I simply pay off these monthly bills it will give me about a Grand a month of money that I am presently giving up to pay the bills that the 7 grand would cover (minus the penalty that is).
Sooo, let me have it.. LOL