Content Overview
- Summary
- Withdrawals For Hardship
- The Definition Of A 403(B) Plan Also Known As A "TSA"
- What Are The Benefits Of A 403B Plan?
- Limitation On The Amount Of Contributions To A TSA
- If You Have Been With The Organization For More Than 15 Years
- How Contributions To The Plan Are Made
- Permitted Investments For Money In A TSA
- Borrowing From A TSA
- If You Become Disabled
- If You Leave Your Employer Before Age 59 1/2
- If You Retire Or Leave Your Employer And You Are Older Than Age 59 1/2
- Forced Withdrawal Of Money From A TSA At Age 70 l/2
- What Happens To The Money In A TSA If I Die?
403(B)/ TSA Plans
Borrowing From A TSA
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If your plan allows, you can borrow up to the lesser of 50% of the value of your account or $50,000.
The maximum term for the loan is five years. If you borrow to buy a principal residence, you can pay it back over a longer period of time.
If you are thinking about borrowing from your TSA account, be sure to read Borrowing Money From A 401K, TSA Or Other Defined Contribution Retirement Plan
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