Finally, an answer that is accurate and correct. TSP will match up to 5% regardless if the employee is contributing to to traditional or Roth IRA. The deciding factor is is the 5% contribution from the employee.
On Wednesday, February 28, 2018, 10:07:41 PM GMT+1, Daniel Glushko danielglushko@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
Agency contributions go into traditional regardless of your designation.
On Wed, Feb 28, 2018 at 10:14 AM, Lindalyc@aol.com [TSP_Strategy]<TSP_Strategy@yahoogroups.com> wrote:Oh, no. I thought we will get all 5% match put in Traditional TSP, doesn't matter if we contribute up to maximum allowed to Roth or Traditional TSP.
So how do I figure out contributing as much to Roth TSP while getting full agent's match? Like making sure 5% of my salary to Traditional TSP, and rest to Roth?
Thanks
-----Original Message-----
From: Mike Tucker tuckerm83@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com>
To: TSP_Strategy <TSP_Strategy@yahoogroups.com>
Sent: Wed, Feb 28, 2018 10:46 am
Subject: Re: [TSP_Strategy] Re: Max Yearly Contribution To Roth TSP
Thanks!
Sent from my iPhone
On Feb 28, 2018, at 12:57 AM, 'Rolf C. Smith, III' thinking@satx.rr.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:
Mike,
Current 2018 limit is 18,500 for Roth & Traditional TSP total combined. Plus an extra 6,000 for catch-up over 50.
TSP will give you the automatic 1% even if you are full Roth, but if you want the extra matching you will have to keep contributing some minimum to Traditional.
I got a windfall last year, so I was maxing out everything. But, I was too aggressive. I tried to slow it down in Oct 17 so I would get matching through the last paychecks of the year. That of course was the week they went through the software upgrades and no changes could be made. I kept trying, but the upgrade stopped the contribution changes from Roth to Traditional.
Long story. But the lesson was that I only got the 1% automatic for the last four or five paychecks. They eventually called me and tried to sort it out, but it was too much for their green eye-shade folks to figure out.
Hope the helps.
- Rolf
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