TSP Loan vs. Hardship Withdrawal: What's Right for You?

In this video, we cover the details about TSP Loans and Financial Hardship Withdrawals, highlighting key differences, benefits, and potential drawbacks. Whether you're dealing with financial challenges or planning ahead, understanding these choices can help you pick the best option for your financial situation.

⏰ Timecodes
0:00 – Intro
1:15 – TSP Loan Requirements
2:07 – TSP Hardship Withdrawal Requirements
3:44 – Minimum and Maximum Amounts
4:40 – Disbursement Options
5:25 – Taxes & Penalties
6:20 – Repayment Rules
6:56 – Loan & Withdrawal Limitations
7:54 – When to Consider Each Option
8:42 – Outro

Do you have questions or concerns about the Thrift Savings Plan (TSP), Federal Benefits, or Retirement Planning?

🗓️ Schedule a free consultation at: https://calendly.com/fedwayfinancial/...

⚡️ Stay Connected:
Website - https://www.fedwayfinancial.com/
Facebook -   / fedwayfinancial  
Instagram -   / fedwayfinancial  
LinkedIn -   / jerelharvey  

⚡️ Who Are We:
Fedway Financial provides financial planning, investment management, and benefits training to federal employees and retirees. Our goal is to help you understand and maximize your federal benefits program, and make prudent and informed decisions related to every facet of your financial life.

#TSPLoan #HardshipWithdrawal #ThriftSavingsPlan

Disclaimer: All content on this site is for general information purposes only and is not intended to provide any personalized financial advice.