Does anyone have any experience cashing out and closing their TSP *thrift savings plan, a federal employee retirement thing*? We've already decided we are going to, just trying to figure out the best way. I know if we take the lump sum vs payments it will be taxed, but how much? I've been looking through different forums online with no luck and since it's my husband's I can't call and talk to them about it. Hubs will never go back to federal employment and we just want to take the lump sum and pay off debt. Any help is greatly appreciated. Thanks!
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