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TSP loan repayment

By Mike Miles on May 28, 2013 Uncategorized

Q. I plan to take a $50,000 residential loan from my Thrift Savings Plan account. Am I limited to repaying $17,000 a year (the contribution amount), or could I pay back $25,000 a year from my salary?

A. You may repay the loan as quickly as you like.

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Mike Miles

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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