While a TSP hardship withdrawal can provide immediate financial relief, it’s important to consider the long-term implications of tapping your retirement account.

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 ...

When you make an in-service withdrawal, you permanently reduce your TSP account by the amount you take out, and you also give ...