nnuut's Account Talk

[nasa1974]

Looks like Thelma and Louise were driving this morning, and Willy Wonka driving this afternoon with the small caps. Crazy..

A crazy day for sure.

 

[nnuut]

I"m just waiting for the Turnaround, patience is a virtue!!

 

[nnuut]

The Markets are SUPER

 

[nnuut]

This morning was tempting BUT I don't trust it, anything can happen. I'll stick it out in the GOOD FUND!

 

[Whipsaw]

I like the Cacodemon :nuts:

 

[nnuut]

Anyone have a problem with TSP not paying taxes on their monthly collections from my account, to my bank? Why did they not take out taxes as required? I think this happened for 2 years and I didn't know about it. I think this is BIG trouble.

 

[Epic]

​I have no idea how that works since I'm not drawing from my account yet, but that sounds like a PITA. Hope you get it figured out !!! That sux man....

 

[nasa1974]

Are they responsible for withholding federal tax? Social Security doesn't. For my pension they withhold federal tax, but I had to add state tax withholdings.

 

[James48843]

Anyone have a problem with TSP not paying taxes on their monthly collections from my account, to my bank? Why did they not take out taxes as required? I think this happened for 2 years and I didn't know about it. I think this is BIG trouble.View attachment 53996

You have to tell them how much you want them to withhold for federal taxes. You can do that on-line, if all you are doing is asking for more taxes to be taken out. They have no idea what other income you have is, so they don’t know to take any federal out unless you ask.

Here is the page that describes how you get taxes taken out changed:

https://www.tsp.gov/living-in-retirement/changing-your-withdrawal-request/

Good luck! I gotta do that too. My first full year, I only have been taking out $1,000 a month, so my federal taxes are small. Soon I am going to up my withdrawal, so I have to have them take taxes out.




Sent from my iPhone using TSP Talk Forums

 

[James48843]

From the TSP website:

“We’re required to withhold for federal taxes from any taxable amount as if you are married with three dependents unless you elect a different option.

• you can choose to have an increase or decrease withholding amount or to have withholding waived.”

See the TSP pub on taxes:
https://www.tsp.gov/publications/tsp-780.pdf



Sent from my iPhone using TSP Talk Forums

 

[nnuut]

Thanks JAMES, they really stopped taxing for two years. They take it out of my Tax refund now. they have a minimum and the older you get the more you pay. It will be changed the next time.

 

[James48843]

Thanks JAMES, they really stopped taxing for two years. They take it out of my Tax refund now. they have a minimum and the older you get the more you pay. It will be changed the next time.

You can do it today , on-line for the data, and then get your spouse signature, and notarized, and it will start the next month. No need to wait and risk an underpayment penalty. Good luck!


Sent from my iPhone using TSP Talk Forums

 

[nnuut]

THE MARKETS are NNUUTS!!!!!!!!!!!!!!!!

 

[nnuut]

Merry Christmas and a HAPPY New Year to all!

 

[nasa1974]

A quiet day for you today. So far no posts. This will give me #2 for the day. There were 4 of us tied for number 1 with one post. :nuts:

 

[nnuut]

The MARKETS ARE nnuuts!

 

[Rod]

I'm a day late, but Happy 19th Anniversary!

I noticed that you and I joined 8 days apart in June of 2004. :beerchug:

 

[nnuut]

THE MARKETS are NNUUTS!!!!!!!!!!!!!!!!

 

[nasa1974]

THE MARKETS are NNUUTS!!!!!!!!!!!!!!!!View attachment 58838

Can I have one of those.

 

[nnuut]

Can I have one of those.

Surely you can!