What is the difference between a Qpp loan and a TDA loan?
The current interest rate on a QPP loan is 6%. For all tiers, the interest rate on a TDA loan is equal to the annual rate of return that you would receive on TDA investments in the Fixed Return Fund.
When can I withdraw from my TDA?
Since the TDA Program is designed as a retirement plan, the IRS places restrictions on withdrawals before retirement. from service, you have unrestricted access to your TDA funds. reached age 59½, you may withdraw Pre-1989 funds (i.e., TDA contributions and earnings accumulated as of December 31, 1988) at any time.
When Can New York City teachers retire?
Is TDA the same as pension?
Authorized by Section 403(b) of the Internal Revenue Code, the TDA Program gives you important tax incentives to save for retirement. Not only does a TDA supplement your Social Security benefits and your pension, it also establishes a pool of tax-deferred assets for you.