Close this Advertisement
Login | Register
What is your e-mail address?
My e-mail address is:
Do you have a password?
I don't have a password. (Sign up now!)
I have a password
Forgot your password? Click here
Classification and Job Grading
Main Federal Schedules Systems
Leave and Paid Time Off
Evaluation and Advancement
Special Hiring Placement
Travel and Relocation
Weather Emergency Procedures
Thrift Savings Plan
General Rules and Procedures
Loans and Withdrawals
Materials and Contacts
Divorce and Separation
Social Security Benefits
Legislation and Policy
Jobs and Careers
Financial Planning and Retirement
E-Mail this page
Can I get access to my TSP money while I’m still working?
Apr 06, 2014
Yes, through a loan or an in-service withdrawal. Money drawn out as a loan must be repaid into the TSP account, but money taken out as an in-service withdrawal may not be repaid. Thus, an in-service withdrawal permanently depletes the account while a loan does not.
There are two types of loans. General purpose loans are available for a repayment period of one to five years. Loans for the purchase of a primary residence are available for a repayment period of one to 15 years. Participants may have no more than one loan of each type at any one time. Loans are repaid according to a schedule set at the time of the loan but can be paid off in full at any time.
There is a $50 processing fee for taking out a loan, which is deducted from the loan proceeds. You do not have to be investing your own money at the time, but generally you do have to be in paid status (that is, not on extended leave without pay).
There also are two types of in-service withdrawals: financial hardship withdrawals and an age-based withdrawal, which is available only if you are over age 59 1⁄2. An age-based withdrawal is a one-time opportunity, while there is no limit on the number of hardship withdrawals, if you qualify for them.
Mediterranean diet more than just weight loss
Dec 12, 2016
Working wife and higher divorce theory debunked
Aug 10, 2016
Celebrating National Nutrition Month
Mar 29, 2016
New study: Have a seat, it won’t kill you
Oct 14, 2015
Wellness programs: What's it worth to you?
Aug 21, 2015
Federal Coach Blog
Federal Coach: Yul Williams on fostering innovation at the NSA
Apr 12, 2017
Federal Coach: Defusing heated political debates in the federal workplace
Mar 22, 2017
Federal Coach: Federal leaders need contingency plans to manage hiring freeze for the short and long term
Mar 08, 2017
Federal Coach: How to win over Washington? Listen to your federal workforce.
Feb 07, 2017
Federal Coach: Top NCI official Dinah Singer on the moonshot fight against cancer
Feb 01, 2017
Operation Supreme Court Freedom
Mar 23, 2017
Foreign Intelligence Surveillance Court
Mar 16, 2017
Women in Congress
Mar 09, 2017
White House Cabinet History
Mar 02, 2017
Feb 23, 2017
Thrift Savings Plan
8251 Greensboro Drive, Suite 510
McLean, VA 22102
Editorial, Ad Sales & Events: (703) 876-5100
Subscriptions & Customer Service: (800) 989-3363
© 2007-2017 1105 Media, Inc. All Rights Reserved.