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Thread: Any TSP Benefit for First Time Home Buyer?

  1. 10-07-2006, 07:06 PM #1
    seniorsal
    seniorsal is offline Newbie
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    Default Any TSP Benefit for First Time Home Buyer?

    I am planning to retire next year. I hope to buy my first home soon after retirement. If I take all or part of the money from my TSP for the purchase of my first home, will I be taxed at the same rate as if I withdrew the money for another purpose? What are the rules regarding "first time home buyers" and the civlian TSP?
    Thanks!
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  2. 10-08-2006, 03:35 AM #2
    FundSurfer's Avatar
    FundSurfer
    FundSurfer is offline Club TSP
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    Default Re: Any TSP Benefit for First Time Home Buyer?

    Have you considered giving yourself a loan from your TSP? I'm not exactly sure how that would work for your situation but it seems like it could lessen the tax blow by spreading out your withdrawl over several years. I'm just giving some ideas as I'm no near retirement and haven't researched this idea.
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