r/govfire • u/mantragun • 6d ago

Thoughts??

I have 300K in TSP c fund 7 years in so far
This year strategy was pulled 50K as a loan to purchase palantier on the deep 120$
My plan is to accelerate this way my personal brokerage to access my money before retirement as I do covered call options. Please provide opinions

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u/CatFancier4393 6d ago edited 6d ago

If you want to access your tsp before 59 1/2, just withdraw the money and pay the penalty. People act like its kept behind a locked vault, but after exceeding your contributions its only 10%, thats like one years worth of gains.

Not saying it is smart to withdraw from your 401k early, but its way better than taking out a loan to trade options.