Re: Taxation of TSP Distribution in a Divorce Settlement
When he withdraws the money, he is subject to a withdraw penalty, barring a QDRO exception. At that point, the money becomes "his cash". If he buys out your interest in the home with "his cash", to you, it is only cash. You can only invest it in an IRA to the limitations of your yearly contribution limit. You buying a house, does not negate his taking "his cash" because when you buy the house with the settlement, it is "your cash".
Dear Santa. For Xmas this year I want a fat bank account and a slim body. Please don't mix them up again.
Why do stores in the US have so many undocumented shoppers?