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Reply to "Borrowing from TSP for down payment?"
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[quote=Anonymous][quote=Anonymous] No particular dog in this fight, and I don't count myself as particularly savvy financially, but to me the big question is how much money is in the TSP. If you've been erring on the side of slogging money into the TSP and feel that borrowing from it won't hurt your retirement goals, why not give yourself a loan and pay yourself the interest. However, if you have only saved very small amounts in the TSP, and do not have cash savings for the downpayment either, then you might be looking at a purchase you cannot yet afford. I would start gaming out in a napkin what buying, and not buying, will mean for you.[/quote] This. I replied on page 1 that DH and I borrowed small amounts from our TSPs. I put lots of money into my TSP for years before I had a kid. DH made some savvy choices in his investments. Borrowing from TSP (and paying ourselves back with interest) was a better option than taking a larger loan. We're mid-30s FWIW.[/quote]
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