Reply to Should I take out a HELOC or a TSP loan to finance my $40,000 bathroom renovation?

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Reply to "Should I take out a HELOC or a TSP loan to finance my $40,000 bathroom renovation?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Is the bathroom currently functional? I would save money over the next few years and then pay cash. [/quote]

At this point, the useful life of the bathroom is over.  It is > 50 years old and has never been updated.  I would like to do this project now and not wait to save the cash.[/quote]

If the toilet , shower and sink work, and there are no leaks, it hasn't outlived "its useful life."  What a ridiculous way to characterize your desire for a renovation.

You described taking the TSP loan out as a "no brainer."  I agree, in the sense that anyone who takes out a TSP loan out for an unneeded home renovation 5 years before retirement doesn't have the sense the good Lord gave a turnip.  [/quote]
You seem needlessly triggered. The OP has a healthy TSP and will have a pension in retirement, in addition to SS.[/quote]

I probably am.  Stupidity annoys me.  I should probably stick to Bogleheads, and stay away from this forum.  [/quote]

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