TSP Hardship Withdrawal Rules to Know A hardship withdrawal allows individuals to access funds from their retirement accounts, but it’s subject to strict qualifications and regulations set by ...

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 ...

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 ...

Another distinctive feature of a TSP is its loan and withdrawal options ... their contributions and staying informed about the rules governing TSPs, federal employees and service members can ...