Q. Can if I can borrow money from my FERS account?
A. No, you can’t.
Borrowing retirement money
2
Share.
About Author
Reg Jones
Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.
2 Comments
TSP offers a loan program on your own account..
I have borrowed against my TSP account on several occasions. You can borrow up to $50,000 on a General Purpose loan and it has to be paid back within five years. The interest rate is the Rate of the G fund at the time you borrow and it is always listed on TSPs website.