Reply to TSP: financial hardship withdrawal

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[quote=Anonymous]The loan won't work, because I still owe 14k to my tsp loan that we used for home improvements.  U only can do 50k - what has been paid off.  So I borrow 14k foe 60 dats to pay it off.  I can only borrow 36k.  That's 22 after I pay off the loan.  Pay my loan off, my wife still has to work, and our situation is the same.  I also left out my job is operational.  I work odd shifts that change weekly and travel as well.  Therefore, this is the only job she can have because of the schedule and the discount.  Otherwise, we lose money and the kids probably have to stay in extended day.  I know this is extreme but I believe it is my only option.

It's not just the cc debt that makes it a hardship.  When you factor the schedule issues and any other job I take would mean a significant drop in pay and then two of us would hate our jobs.

The reason I choose this old post is because it seemed the closest to my situation. I am not doing this like a get out of jail card...I am going to have to work an additional 10 years because of this.  When we move, we will downsize and save additional money.  We don't live extravagant lives.  One car, i commute to live further out where we can afford our home, and I couldn't even give my wife a wedding.  Right now, we just get by...I want to lower the stress and this seems to be the only way.  I mad a mistake...me...and I will have to pay by working longer.  My wife and kids shouldn't suffer because I screwed up and have been digging a deeper hole ever since.[/quote]

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