Hey, I turn 50 on 12 January. Can anyone tell me what I need to do to start those Catch Ups? I read that money has to be taken from your paycheck through your TSP contributions and the money only goes into the regular TSP account not the Roth.
What I can't figure out...is if the whole process is started by calling the TSP line and filling out some forms or do I just do my yearly reallocation (based on # of pay periods that FY) and I'm OK?
The other thing I can't determine is if the extra $5000 allocated for CatchUp is taken out of the requisite # of pay periods (equally) or some other method.
thanks
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Posted by: orsadude2@yahoo.com
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