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Reply to "TSP loan question"
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[quote=Anonymous]Based on the way I understand you to be approaching this, its basically a wash. You're forgetting the dollars you originally put into your TSP (tax free) and withdrew (tax free) for the loan. Let me try a more concrete example. Year 1 you put $10K tax free into your TSP, leaving a taxable salary of $90K. Year 2 you take a $10K loan, you still don't pay taxes on those dollars. Year 3 you repay the loan in full. If you repaid the loan with pre-tax dollars you'd be reducing your taxable salary by $20K when in reality you have only saved $10K in your TSP. [/quote]
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