Re: [TSPStrategy] CARES ACT

Thank you!

On Thu, Mar 4, 2021, 12:04 PM Martin Cox via groups.io <martycox88=yahoo.com@groups.io> wrote:

No payment plans. You fill out a form on the TSP website and send a check in every time you want to put the money back into you TSP. 

Look at the tax laws/rules as well. If you pay it back, I believe it is not taxed. 

Good luck 

On Mar 4, 2021, at 10:50 AM, MARNITA2@gmail.com wrote:

A co-worker took out a withdrawal of their TSP under the CARES ACT last year. I read that a condition of the withdrawal is that it is paid back in 5 years, if I'm not mistaken, which my co-worker wasn't aware of. How is it paid back? Are payment plans set up by TSP or the employee? Is it paid back like a regular loan that is taken out under TSP?
Thank you

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