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Thread: General loan against TSP

  1. #73
    Scout333 is offline Team TSP
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    Default Re: General loan against TSP

    You know...Birds of a feather. You think alike!

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  3. #74
    Elgallo's Avatar
    Elgallo is offline TSP Talker
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    Talking Re: General loan against TSP

    Great minds always have!

    On a related but a bit different note:

    http://www.govexec.com/story_page.cf...dcn=todaysnews

    FWIW The statistics in this article are interesting, and sort of explain why folks like ChemEng and I apparently stand out of the avg. govt. crowd and this MB.

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  5. #75
    thomas1215 is offline Newbie
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    Default Re: General loan against TSP

    Stupid question: are shares sold when a loan is taken out, or is just the balance reduced by the loan amount?

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  7. #76
    tsptalk's Avatar
    tsptalk is online now Moderator
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    Default Re: General loan against TSP

    Good question. I would assume you'd lose shares since they would still calculate your balance by multiplying share price by # shares.

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  9. #77
    Show-me's Avatar
    Show-me is offline TSP Guru
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    Default Re: General loan against TSP

    The amount has to be available in the G fund.
    Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."

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  11. #78
    McDuck's Avatar
    McDuck is offline Banned
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    Default Re: General loan against TSP

    Quote Originally Posted by Elgallo View Post
    Great minds always have!
    This is one of my favorite cartoons. I seem to always have a unique point of view.

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