Posts Tagged ‘ borrow

What is the difference between a thrift savings plan and your pension? Can you borrow money from both?

If a husband wants to borrow from his Thrift Savings Plan does he need his wife’s consent?

It looks like he does but I’m not sure:

http://www.tsp.gov/features/chapter15.html

What happens if the wife refuses to consent?

From what I’ve heard a Thrift Savings Plan is the government employee equivalent of a 401k, but is a 401k the same as a retirement plan?

How soon can I borrow against my 401 (k) after I repay my current loan?

I did a loan with my JP Morgan 401 (k) account about a year ago for $2000. My payoff was $800 this week. I just paid off the full payoff amount and want to borrow again for a car. How soon can I borrow again? I think, right away, but I can not find one little piece of information on this. I know it is highly recommend not to borrow but that is not what I am asking. I appreciate advice based on my actual question. Thanks