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I'm curious are you in the Armed Forces or working on the Civilian side.
Armed forces would benefit more from this than the Civilian side but then what are you going to living on? Also if the market dips around the time your tsp contribution would have gone in for the time your pay would have gone in your losing shares that way.
If you work for an agency you would be passing up the 5% match. That's doubling your money.
It seems smarter to me to just balance it out through out the year but others on here are far smarter than I.
I see that this is an option for electing 100% base pay for my TSP. Would this cause any red flags if I were to choose this option? I prefer to invest the full $16500 in the first few months of the year to maximize gains....
If you retire military after 20 years, the government purchases a $1,000,000 annuity to pay your retirement. Until they stop paying retirement to military, you will never see matching contributions. Active Duty is soo different than a Civil servant, these can't even be compared. Most people have to work 30+ years to get a retirement close to the military and then they get a smaller annuity payment (on average).Military, so no matching contributions unfortunately.
All contributions go directly to the G fund. I buy on the dips.
The 100% base pay does not include housing, flight pay or BAS and we have additional funds to live on.
TSP will max out fairly quickly so this is a temporary move.
Good Call, James, That's another area I never even thought of.Front loading works, UNLESS the market tanks later in the year. I have seen many years where front loading would have worked well, but...in those years where October tanked, you could have purchased shares cheaper then.
Your choice, of course. Just remember things don't always go up, (unless you're in "G"), you could run that risk of missing a better opportunity later should the markets pull back.
Going over is not a crime.....It is just not tax deferred. If you recieve matching, then it stops.....That is the crime! Just give me the 5% match and call it even.I've been a few hundred dollars short of the $16,500. Never hit it on the head. Too worried about going over.
I see that this is an option for electing 100% base pay for my TSP. Would this cause any red flags if I were to choose this option? I prefer to invest the full $16500 in the first few months of the year to maximize gains....
I've been a few hundred dollars short of the $16,500. Never hit it on the head. Too worried about going over.