Q. I am new to taking a active role in my retirement, as I have been working a government job under FERS and TSP for about 3½ years. I would like to take care of a few small bills. Can I take out a loan against my FERS account and not my TSP? My TSP was set at the minimum to build up enough to borrow what I would like against it.
A. No, you cannot take out a loan against your FERS account.
2 Comments
Interested. In knowing. If a. Retired fers Employee. Can Get a loan from Annuity.
No. you can’t get a loan from the federal government. Whether a bank or other financial institution would be willing to loan you money based on your annuity is something you’ll have to explore on your own.