How do I close my TSP account? Or is it faster to do a hardship withdrawal?
https://www.rallypoint.com/answers/how-do-i-close-my-tsp-account-or-is-it-faster-to-do-a-hardship-withdrawal
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https://www.rallypoint.com/answers/how-do-i-close-my-tsp-account-or-is-it-faster-to-do-a-hardship-withdrawal
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<a class="fancybox" rel="ba79de924e038cb0c6d347006247c605" href="https://d1ndsj6b8hkqu9.cloudfront.net/pictures/images/000/080/215/for_gallery_v2/891ea7a1.png"><img src="https://d1ndsj6b8hkqu9.cloudfront.net/pictures/images/000/080/215/large_v3/891ea7a1.png" alt="891ea7a1" /></a></div></div>SPC Private RallyPoint MemberMon, 22 Feb 2016 08:26:58 -05002016-02-22T08:26:58-05:00Response by Col Joseph Lenertz made Feb 22 at 2016 8:31 AM
https://www.rallypoint.com/answers/how-do-i-close-my-tsp-account-or-is-it-faster-to-do-a-hardship-withdrawal?n=1320616&urlhash=1320616
<div class="images-v2-count-0"></div>Why do you want to close it? After I closed mine, I learned it had the lowest fees of any retirement account I had. Crap. If you can possibly afford to leave it in there...I recommend you consider leaving it.Col Joseph LenertzMon, 22 Feb 2016 08:31:37 -05002016-02-22T08:31:37-05:00Response by CPT Private RallyPoint Member made Feb 22 at 2016 9:23 AM
https://www.rallypoint.com/answers/how-do-i-close-my-tsp-account-or-is-it-faster-to-do-a-hardship-withdrawal?n=1320714&urlhash=1320714
<div class="images-v2-count-0"></div>I wouldn't close it. I did a withdrawal on mine once. It can be done pretty easily and I had the money pretty quick. I still have my TSP and the loan was a very low interest rate. You will have to set up an allotment that they will set up for you. It was easy.CPT Private RallyPoint MemberMon, 22 Feb 2016 09:23:32 -05002016-02-22T09:23:32-05:00Response by SPC Paul Jennings, J.D. made Feb 22 at 2016 9:31 AM
https://www.rallypoint.com/answers/how-do-i-close-my-tsp-account-or-is-it-faster-to-do-a-hardship-withdrawal?n=1320734&urlhash=1320734
<div class="images-v2-count-0"></div>It can be quicker to do a TSP loan, if you qualify. With a hardship withdrawal your likely going to face a 10% early withdrawal penalty as well. I'd never recommend that someone withdraw from any retirement account early if it could be avoided. Depending on your circumstances, other avenues such as a short term loan (from a bank not a payday vendor!) can provide necessary funds. Without knowing specifics though I can't really comment further.SPC Paul Jennings, J.D.Mon, 22 Feb 2016 09:31:26 -05002016-02-22T09:31:26-05:002016-02-22T08:26:58-05:00