How to Use TSP to Purchase Your First Home
by Mark Kennan
You’ll owe extra tax penalties if you take an early TSP distribution.
Complete the TSP application, including the amount you want to borrow from the defined contribution retirement savings plan. Loans are limited to no more than $50,000. You may be able to apply online or by using the TSP-20 form. Do not send in documentation of your home purchase with the loan application.
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