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Re: [TSP_Strategy] Re: S fund

 

Just a correction to your terminology or thinking, you don't get taxed when they take it out of your paychecks.  It's withholding for taxes you might be liable to pay at the end of the year.  You get your refund because you had too much withheld.  Don't let that happen!  You're giving an interest free loan to Uncle Sugar.  You can adjust your withholding pretty easily.  Best case is to shoot for you owing the gov't somewhere between Zero and $100.  Never let someone else use your money for free.  A bank won't let you do it.  (Except in the case of a credit card when you pay it off each month.)  BTW, a good practice would be to take what you're no longer paying in withholding and invest or save it.  T




From: TSP_Strategy@yahoogroups.com <TSP_Strategy@yahoogroups.com> on behalf of jarhead_rr@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com>
Sent: Sunday, February 26, 2017 6:29 PM
To: TSP_Strategy@yahoogroups.com
Subject: Re: [TSP_Strategy] Re: S fund
 
 

Also, I get all of my taxes back when I file each year, as most military enlisted do. So I get taxed, get it back at the end of the year, and now have a tax free retirement fund. Not a hard choice to make.

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Posted by: Thom Jennings <akthom@hotmail.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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