Another big mistake federal employees make with their TSP

This is the third segment of “The 20 biggest mistakes federal employees make with their TSP”. Last week I wrote about two big mistakes; “Thinking you can take distributions from your TSP any time you want” and  “Wrong timing of your TSP contributions can mean Forfeiture of matching contributions”. Next week I will discuss the mistakes … Read more

If and when you should take a loan from your TSP

The TSP allows participants to take loans from their accounts – but is this is good idea? Is it sound financial decision-making to borrow from your retirement account? Unfortunately, the answer to the TSP loan question is not a simple “yes” or “no” but rather an emphatic “maybe” – so let’s look a little closer … Read more