Brenda

Posted on 11/01/09

On 11/01/09, Anyone Know wrote:
> Due to some life circumstances, I may be having to move
> with my spouse to another state for job opportunity. We are
> unable to survive on my salary alone and need the new job
> opportunity to stay afloat. The company my spouse may be
> going to work for is not going to pay for relocation. The
> only way we can afford for my spouse to take this job,
> which is a WONDERFUL opportunity, is for me to cash out my
> TRS account. I've only taught for 3 years, so it's not like
> I have a huge chunk of change in there. Do you know what I
> can do to get this money? Is there a tax penalty?
I do not know how all of that works-- I know there is a
penalty to taking it early-- you need to contact TEA-- look
them up on internet get the 800 number and have time to call
and ask all of those questions---it takes a while to get in
touch with them and get all of your questions answered-- I
had some things go wrong and I called last year...took me
about an hour to get someone that could start answering my
questions..... Keep us posted on what they tell you!! :)

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