Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.
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.
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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.