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.
For example, if you want to borrow $10,000 from your TSP, you will receive a check for $9,950. The interest rate you will pay for the life of the loan will be the same as the rate paid by the G-Fund, which is the government debt option in the thrift savings plan.