Should We Tap Into Our TSP to Pay Off Debt Using the Special Coronavirus Distribution Rules?

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on June 30, 2020 in Pay & Benefits with 0 Comments

A federal employee asks, "...provided I qualify to make the COVID-related withdrawal, would it be foolish to withdraw $40,000 from my Thrift Savings Plan (not as a loan but as a withdrawal) and spread the income tax out over three years to be debt free (aside from my house and student loans)?"

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