Four Reasons to Avoid Taking a TSP Loan
Borrowing from your TSP account can be detrimental to your long-term savings. The author explains why it’s best to avoid.
Borrowing from your TSP account can be detrimental to your long-term savings. The author explains why it’s best to avoid.
The author says that taking a loan from your TSP is something you should generally avoid, but there are times when it can make sense.
Federal employees can borrow against their TSP accounts to raise cash. However, the author advises that this is not a good idea.
I will be retiring at the end of this year and I have a TSP loan. What effect will this have on my ability to withdraw funds from my TSP once I retire?
It is not uncommon for an employee to separate from federal service with an outstanding TSP loan. What happens to your loan when you retire or otherwise separate from federal service?