Ask The Experts: Money Matters

By Mike Miles

Buyouts and TSP loans

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Q: There is talk going around about a buyout for those eligible for early out retirement. I am eligible for early out retirement. Would the buyout be offered to someone who has a TSP loan? I know that a TSP loan must be paid off by time of retirement, and this is a plan that I would use (the buyout) to pay off the TSP loan.

A: Retirement buyouts are not contingent upon TSP loan status.

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Comments

  1. gene Says:
    November 17th, 2011 at 3:00 pm

    u have 90 days to decide about loan, either u keep paying loan, or u have loan considered paid off an any amount owed as received in cash an u pay taxs on amount