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Reply to "TSP Loan to Pay Off Credit Card Debt"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You need immediate legal advice. I would close all those accounts and stop giving him access to credit in your name. Do no touch the TSP until you have legal advice. I’m concerned you will be giving this loser palimoney and part of your retirement assets. Again please get some good legal advice. Can you appeal the innocent spouse? [/quote] This [/quote] Thirding this - please, please, please get legal advice on this before you take out yet another loan for him. A divorce attorney will usually do a free initial consultation. Also, as someone else mentioned, retirement plan loans usually involve spousal approval. I had to get mine to sign off on the 401K loan we used for part of our first home downpayment, and, when they were looking into a TSP loan, I would have had to sign the paperwork for that. No reason to think that your spouse wouldn't sign off on you bailing him out again, but just be aware of the likely requirement.[/quote] This. OP, you need to talk to a lawyer (if you're not ready for a divorce lawyer, at least one who understands retirement accounts).[/quote]
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