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Reply to "Tsp hardship withdrawals RIF "
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[quote=Anonymous][quote=Anonymous]it looks like one of us will be RIF, seems very likely. We have tons of fixed expenses between college tuition and mortgage, and we had to buy a new car because some idiot ran into us and totaled our very old Honda. We have a pretty healthy TSP balance, but only about 100 K liquid, we just moved up from a condo to a single-family home during the pandemic which burned up all our extra cash. So what is our option for a hardship withdrawal, obviously we could sell the house or our kid could drop out of college, so what qualifies as real hardship?[/quote] Take out a TSP loan while you are still employed. You can borrow up to 50k and pay it back over 4 years. I am sorry you are going through this.[/quote]
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