The Washington Post, September 30th, 1997
Effective tomorrow, some workers can withdraw money from their thrift savings plan accounts (as opposed to borrowing from them) even though, in some cases, they may continue to make payroll contributions to the the $50 billion in-house federal 401(k) plan. Applications for in-service withdrawals will be accepted in October, but the first payments won't be made until November. This is a very attractive perk. But it is one that employees should consider carefully. Any time money is removed from a 401(k) plan -- whether a withdrawal or a loan -- it means the worker will have less to spend in reti...
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