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Outstanding TSP loan

By Mike Miles on August 9, 2017 retirement, Tax, TSP loan

Q. Can you retire from the U.S. Postal Service with a TSP loan outstanding?

A. Yes, but the loan will be declared a taxable distribution if it is not repaid within 60 days (or so) of your separation.

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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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