A hardship withdrawal allows individuals to access funds from their TSP in situations of financial need. To qualify, the IRS stipulates that the withdrawal must be necessary to meet an ...

Since you have a recurring negative cash flow, you would qualify. “But then we have to ask whether you should do a hardship withdrawal,” Zelcer cautions. If you are under age 59 1/2, your TSP ...

But, there are several things to consider. “If you are under age 59½, then your TSP hardship withdrawal will be subject to an early access penalty of 10%,” he notes. “You will also need to ...

TSP loans and hardship withdrawals provide TSP participants with access to their funds under specific conditions, each with important considerations. TSP Loans offer a way to borrow against one's ...