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Reply to "Would You NOT File for Unemployment Because You're...?"
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[quote=Anonymous][quote=Anonymous]I am privileged enough that I can take a TSP loan. Unemployment, at least in DC for GS11+ Feds, is $444 a week and requires a lot of paperwork. A 50k TSP loan costs $50, maybe some interest, and some lost earnings and requires essentially no paperwork. For me, the TSP loan is the better deal because I hate paperwork.[/quote] This is my Plan B once my savings are drained. I have a mid-sized inheritance coming shortly, so I would survive off that if necessary. The unemployment process is intentionally a pain in the neck and not worth the hassle. The meager funds you get won't prevent the bottom from falling out if it's falling out. It's enough for gas, groceries, and a cell phone bill. [/quote]
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