Re: Show-me Account Talk
Show,
Please excuse my invasion of your thread for a request that I have to make to all my friends in the message boards at TSPtalk. I am making this appeal here because you are highly respected and your thread is widely read.
Some good friends with whom I have corresponded with through the years have tried to help me, but they have their own problems and their own limitations. I always have been a very discreet and very private person, but the circumstances that are weighing on me have dictated that I open up a bit of my personal life in order to seek wider advise from other colleagues here at TSPtalk.com.
I would have thought that certain events should be treated with flexibility, and that a supervisor at TSP.gov should be able to use some discretion in order to deal with exceptional problems with a sense of fairness and understanding. We shall see!
My problem below is self-explanatory. I need your good minds to help. Thank you in advance all!
To all members at TSPtalk:
Please treat this as a true personal emergency. I am asking for your help urgently. Since you have helped me in the past, I trust that you might help me find a solution to this problem.
In January 2008, I had to face some debts and other personal financial obligations. At that time I was in confusion, and it was all quite hectic. Due to the fact that my maximum loan amount was capped at around 40,000, and I needed in excess of $100,000, in the stressful confusion, I decided to do what I believed was the correct thing to do. I took $125,000 dollars, knowing that they would retain 20% witholding for tax purposes. I received the $100,000 dollars and was able to meet all of my existing obligations. My wife and I were able to breathe normally after I cleared the debts.
It was never my intention to preclude myself from using the provisions of an aged-based roll-over IRA after age 59 1/2. I sincerely believed (and still believed until today) when I called the TSP toll-free number at (877) 968-3778 that the witholding penalty withdrawal was different and separate action which was governed by different regulatory provisions. In my predicament and stress in January, it never occurred to me that TSP thrift would prevent me from doing a roll-over IRA. Today, a representative by the name of Kimberly told me that the application that I filed for a roll-over IRA on March 19, 2008, is being denied for the reasons I just explained above.
In my good faith I opened an account at the Orlando, Florida branch. It was from that office that the manager faxed the application with their help and with the required information. I have been very excited and looking for the transfer and to manage my IRA.
This morning (yesterday) I asked Ms. Kimberly at TSP to let me talk to a supervisor, but she left me waiting a long time until she finaly told me that a supervisor would call me in up to 48 hours. Please help me reach someone that may be understanding of my true intention under stress. Your suggestions are highly valued!
Show,
Please excuse my invasion of your thread for a request that I have to make to all my friends in the message boards at TSPtalk. I am making this appeal here because you are highly respected and your thread is widely read.
Some good friends with whom I have corresponded with through the years have tried to help me, but they have their own problems and their own limitations. I always have been a very discreet and very private person, but the circumstances that are weighing on me have dictated that I open up a bit of my personal life in order to seek wider advise from other colleagues here at TSPtalk.com.
I would have thought that certain events should be treated with flexibility, and that a supervisor at TSP.gov should be able to use some discretion in order to deal with exceptional problems with a sense of fairness and understanding. We shall see!
My problem below is self-explanatory. I need your good minds to help. Thank you in advance all!
To all members at TSPtalk:
Please treat this as a true personal emergency. I am asking for your help urgently. Since you have helped me in the past, I trust that you might help me find a solution to this problem.
In January 2008, I had to face some debts and other personal financial obligations. At that time I was in confusion, and it was all quite hectic. Due to the fact that my maximum loan amount was capped at around 40,000, and I needed in excess of $100,000, in the stressful confusion, I decided to do what I believed was the correct thing to do. I took $125,000 dollars, knowing that they would retain 20% witholding for tax purposes. I received the $100,000 dollars and was able to meet all of my existing obligations. My wife and I were able to breathe normally after I cleared the debts.
It was never my intention to preclude myself from using the provisions of an aged-based roll-over IRA after age 59 1/2. I sincerely believed (and still believed until today) when I called the TSP toll-free number at (877) 968-3778 that the witholding penalty withdrawal was different and separate action which was governed by different regulatory provisions. In my predicament and stress in January, it never occurred to me that TSP thrift would prevent me from doing a roll-over IRA. Today, a representative by the name of Kimberly told me that the application that I filed for a roll-over IRA on March 19, 2008, is being denied for the reasons I just explained above.
In my good faith I opened an account at the Orlando, Florida branch. It was from that office that the manager faxed the application with their help and with the required information. I have been very excited and looking for the transfer and to manage my IRA.
This morning (yesterday) I asked Ms. Kimberly at TSP to let me talk to a supervisor, but she left me waiting a long time until she finaly told me that a supervisor would call me in up to 48 hours. Please help me reach someone that may be understanding of my true intention under stress. Your suggestions are highly valued!
