At some point during or after your military career you may need to get money out of a retirement account early and potentially be subject to penalty. But there are some options if you need the funds for something that isn't specifically excluded from penalty.
When deployed to a combat zone military members have different rules when it comes to contributing to TSP. You can contribute tax-free money to Roth TSP and you can contribute more than the "normal" annual limit. But how exactly do you do that?
Many retired military officers want to contribute to a Roth IRA while working. The problem is that often their income is too high to contribute to a Roth. There is a work around, but if you have a Traditional IRA or if you roll TSP to an IRA, it doesn't work like you may think.
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