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 ...

Can You Withdraw Money From Your TSP Account While Still Working? Yes, but there are several restrictions to doing so. There are two types of in-service withdrawals: financial hardship withdrawals ...

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 ...