TSP Loan changes

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IRQVET
Posts: 160
Joined: Tue May 03, 2016 12:45 am

TSP Loan changes

Post by IRQVET »

So with the changes to TSP.gov there seem to have been some changes to the TSP loan. Paper checks and vouchers for additonal payments are no longer needed, now you can make additional payments via your debt card, which is a nice upgrade. But you don’t seem to able to remotize your loan like you once could.

Not sure how I feel about that one.
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mjedlin66
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Re: TSP Loan changes

Post by mjedlin66 »

IRQVET wrote: Wed Jun 29, 2022 1:15 pm So with the changes to TSP.gov there seem to have been some changes to the TSP loan. Paper checks and vouchers for additonal payments are no longer needed, now you can make additional payments via your debt card, which is a nice upgrade. But you don’t seem to able to remotize your loan like you once could.

Not sure how I feel about that one.
I haven't spent much time studying the new TSP website, but I will say that the ability to easily reamortize your loan was a big deal. I personally used it several times.
Owner/creator of TSPcalc.com - "Know your numbers"

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IRQVET
Posts: 160
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Re: TSP Loan changes

Post by IRQVET »

mjedlin66 wrote: Wed Jun 29, 2022 2:44 pm
IRQVET wrote: Wed Jun 29, 2022 1:15 pm So with the changes to TSP.gov there seem to have been some changes to the TSP loan. Paper checks and vouchers for additonal payments are no longer needed, now you can make additional payments via your debt card, which is a nice upgrade. But you don’t seem to able to remotize your loan like you once could.

Not sure how I feel about that one.
I haven't spent much time studying the new TSP website, but I will say that the ability to easily reamortize your loan was a big deal. I personally used it several times.
Me too. I could throttle up my payments to get things paid off quicker, and in December when I needed extra cash, I could throttle it back. Sucks we don’t have that option anymore IMHO.
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ProduceMan
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Joined: Thu Jan 18, 2018 12:01 pm

Re: TSP Loan changes

Post by ProduceMan »

I wonder if you paid via debit card, would
your payment be as of “the day of transaction”. Thus using that particular days share price, kind of like another payday contribution.
Moneys’ Money Making Money (4M)

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Fund Prices2022-08-17

FundPriceDayYTD
G $17.00 0.01% 1.55%
F $19.02 -0.54% -8.94%
C $65.15 -0.71% -9.44%
S $69.92 -1.76% -16.21%
I $33.69 -0.76% -14.58%
L2065 $13.09 -0.87% -12.03%
L2060 $13.09 -0.87% -12.03%
L2055 $13.09 -0.87% -12.02%
L2050 $26.93 -0.76% -10.29%
L2045 $12.36 -0.71% -9.60%
L2040 $45.40 -0.66% -8.84%
L2035 $12.07 -0.61% -8.00%
L2030 $40.47 -0.55% -7.11%
L2025 $11.66 -0.38% -4.78%
Linc $22.99 -0.23% -2.10%

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