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Re: [TSP_Strategy] Use portion of TSP to pay off home?

 

I would advise against it. My main reason would be that if you decide to leave your job, by choice or otherwise, that loan would be due in full. I've known several people who have taken tsp loans successfully and would recommend them, but I would rather not risk my retirement fund for that reason. Have you ran the numbers to see if you could pay it off early by refinancing and/or paying extra every month? 



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On Friday, April 29, 2016, 3:15 PM, sticksandstones66@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

My house probably wont be paid off at retirement. Its small  manageable home. The mortgage payment is not big and its competitive with an apartment. This is probably a very general question that requires more information but what advice would anyone have using a portion of my TSP to pay off my home?

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Posted by: Ian Heskitt <iheskitt@yahoo.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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