Send a Tweet

Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites   No comments
Diary (Diaries are not moderated)

Informing about TSP loans

By       Message BFalcon     Permalink
Related Topic(s): , Add Tags
Add to My Group

View Ratings | Rate It

Small act of the day by informing others about a favorable loan of which they may not be aware.


Today I decided to inform more people I know about the benefits of taking the loan from the Thrift Savings Plan (TSP). Federal employees have the option of contributing to TSP and there is some matching by the employer.
Many people contribute less than maximum since they have other needs, understandably.
Many, however, don't know that they can take a loan from the money which they contributed and repay it with decent terms and, most importantly, PAY INTEREST TO THEMSELVES. That's right, all the interest goes into the account so this is, in fact, INTEREST FREE LOAN WITH ADDITIONAL SAVING FOR RETIREMENT.
That's what I did. Contributed maximally, took some loan back, when paid off, took another. Why pay interest to others when you can collect? Today I will make it my "small act of the day" to tell some people who may not be aware about this option.


Bosnian doctor in US
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Related Topic(s): , Add Tags