Q. If you have a Thrift Savings Plan loan and have paid three of the four years but want to remodel a house, can you change the existing loan to get the money?
A. Only one general purpose loan at a time is allowed.
TSP loan
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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.