This may sound a fanciful scenario, yet recent events across Europe â including the looming independence referendum in Scotland â tell a very different story. Six days ago, the people of Spainâs most prosperous region, Catalonia, voted overwhelmingly for parties favouring the breaking away from Spanish rule.
1 If you are 55 or older and retired, you can withdraw from your TSP without being charged the 10% tax penalty (which is normally tacked onto early withdrawals) in addition to regular income taxes.
CHECK YOUR TSP BALANCE When you get a TSP loan, you are borrowing against your own contributions and whatever earning's they've accumulated. (You cannot borrow against your agency contributions.) In general, you can borrow any amount between $1,000 to $50,000, with the cap set at the amount of your contributions and earnings.