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Reply to "TSP: financial hardship withdrawal"
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[quote=Anonymous]Assuming we'll meet the criteria, my wife and I are thinking of cashing out the 60K I have in my TSP to pay off 50K in credit card debt, which costs about $1200/month to service. Once complete, we can begin immediately to max out my wife's contributions to her TSP, and after waiting six months, I'll put as much as I can towards my TSP so that we can get back as quickly as possible to status quo ante. We hope to be able to maintain maximum contribution levels on both accounts thereafter. We're currently only contributing 5% of our salaries. Should we?[/quote]
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