The amount withdrawn must be limited to the immediate need, including any taxes or penalties incurred from the withdrawal. Further, to make a hardship withdrawal, the TSP account must have at ...

“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 distribution will be subject to a 10% penalty, you will owe income ...

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 ...

A TSP allows federal workers to invest in a ... you may also have to pay a 10% early withdrawal penalty tax. A Thrift Savings ...