RELIEF OF THE UNIVERSE ** ** In about six weeks, I Will Be Receiving Some money from a retirement fund (TSP government… Thrift Savings Plan) from a divorce. I Was Told That if I Receive this in cash, There Will Be tax implications, but i absolutely Have to use a large portion to get out of my current rut desperate recession. How Should I Receive That I request this? Cash or 401K or Something Else? [The Amount IS around 40-50K, and 10K IMMEDIATELY goes to Resolving debt. . . ]. Conor – thank you! I am late 30s. . . I am in Dire Straits, Owning two properties (large equity in both), But I Do not Have the cash flow to keep up the payments. I am working, goal with a young child and related obligations, WAS Unemployed due to a sick child, etc.. , Now earnings are modest. [II have Ivy League degrees, but. . . stuck]. So if I do not move Quickly I’ll lose BOTH properties. Minimum credit card debt (less than 5K, but… Collections) and student loan (6K… Forebearance). Truly I’m in dire straits, Need to pull at least 10K, then figure out Which property to sell, etc.. Second response. . . that’s OK. . . He Said HE wanted a child then late 40s, then Suddenly WAS like “what have you gotten me Into? I Could have retired scot free!” . . . so I Understand Where You are coming from, it’s Not That purpose. . . thanks Steven, we live in one of ‘em (IS 20% equity down) and the Other is down a lot, drank climbing fast, so. . . (I hear you, order Other Financial folks Have Advised me to hold onto it). Goal I hear you, I am just operating as An Island of spells. . . PS, I drive a 12 year old car and shop at Goodwill, so if you call me a gold digger I Will just laugh, goal I really, really, really appreciate your Financial advice:)
