Loan

[manzao1975]

Thanks for sharing the link. But do you think the tsp would allow me to take a loan out for the whole 20k since this is money I rolled over and does not include any agency matching or contribution. I am a little confused about the max limit and the 50k IRS annual limit. Any idea will be highly appreciated.


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[userque]

Thanks for sharing the link. But do you think the tsp would allow me to take a loan out for the whole 20k since this is money I rolled over and does not include any agency matching or contribution. I am a little confused about the max limit and the 50k IRS annual limit. Any idea will be highly appreciated.


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I'm not giving financial/tax advice; just posting a couple of links and asking a couple of rhetorical questions.

Please see here:
https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-loans#3

($10,000, not $20k?)

and here (page 2):
https://www.tsp.gov/PDF/formspubs/tspbk04.pdf

(Made at least $1,000 in payroll contributions [not including agency matching] to TSP in the last year and two months?)