You are required to continue paying the loan, or you will be hit with an early withdrawal penalty.
I don’t know the automatic withdrawal options for reserves, but TSP allows you to make payments via a checking account.
Ok_Positive_1436 on
Yes. The rules changed a year or two ago that you can carry a TSP loan even after being discharged from the military. You make payments through the website using the direct deposit for additional payments feature. As long as you remain current on the payments, you will not be assessed any penalties
2 Comments
You are required to continue paying the loan, or you will be hit with an early withdrawal penalty.
I don’t know the automatic withdrawal options for reserves, but TSP allows you to make payments via a checking account.
Yes. The rules changed a year or two ago that you can carry a TSP loan even after being discharged from the military. You make payments through the website using the direct deposit for additional payments feature. As long as you remain current on the payments, you will not be assessed any penalties