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Reply to "TSP: financial hardship withdrawal"
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[quote=Anonymous]I understand. I haven't run the numbers to know exact figures, but I'm thinking that after taxes and penalties the 60K would wipe away most of the 50K credit card debt. It would be a way for us to hit the reset button. I'm thinking that if we don't do it, then in 3 years we'll have not much more than 60K in my TSP (we're only contributing 5%), and we'll probably still have significant credit card debt. If we move forward with the withdrawal, we can have 60K in my TSP in 3 years and no credit card debt. The latter seems more appealing than the former.[/quote]
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