The Potential Cost of a TSP Loan

[tsptalk]

From the TSP.gov Highlights Newsletter:

More Than You Bargained For: The Potential Costs of a TSP Loan

"Are you thinking of taking a loan from your TSP account? If so, be aware that taking a
TSP loan might cost a lot more than you think. This article will explain the basics of the
TSP loan program, as well as some of the less obvious costs."

Read more: https://www.tsp.gov/PDF/formspubs/high14b.pdf

 

[Frixxxx]

Video released on tsp.gov today:
[video=youtube;5z-KXHZAF-U]https://www.youtube.com/watch?feature=player_embedded&v=5z-KXHZAF-U[/video]
Under: https://www.tsp.gov/whatsnew/plan/planNews.shtml

 

[tsptalk]

Taking a loan from your TSP is not usually a good idea, but of course there may be times when it's the best option for you.

My advice... take the loan during a bear market.

 

[Frixxxx]

Taking a loan from your TSP is not usually a good idea, but of course there may be times when it's the best option for you.

My advice... take the loan during a bear market.

Great, tell me when the next bear market is going to start, and I'll have my paperwork ready!:cheesy:

 

[tsptalk]

Great, tell me when the next bear market is going to start, and I'll have my paperwork ready!:cheesy:

Once the 50-day moving average falls below the 200-day moving average. Of course you'll be already be down 5% or so by then, which would probably be a good size loan, so I don't have all the answers.