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Money and Finances
Reply to "Tsp hardship withdrawals RIF "
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[quote=Anonymous]You will be okay OP. Can you tell us how long fed has been working? In a RIF the fed will get one week of pay for each year worked. In the meantime live on the other salary and save the other paycheck. Both of you should reduce your TSP/401K contributions to the match until you know what is happening. When/if the RIF happens, the working spouse will adjust withholdings and that spouse will take home more money. At that point you can dip into the 100+K if needed. Kid may be eligible for financial aid, you have $300K saved. Youngest may need to take loans, but don't borrow from your nestegg for your kids' college. [/quote]
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