Re: [TSP_Strategy] Re: Max Yearly Contribution To Roth TSP

 

" As a FERS or BRS participant, you receive matching contributions on the first 5% of pay that you contribute each pay period. ... The first 3% of pay that you contribute will be matched dollar-for-dollar; the next 2% will be matched at 50 cents on the dollar. Contributions above 5% of your pay will not be matched. If you stop making regular employee contributions, your matching contributions will also stop."

See https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/typesOfContributions.html#agencyServiceMatching

On Thu, Mar 1, 2018 at 4:51 PM, Jim Edwards jimedcoach@gmail.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

As I look at my LES it says I get 1% for my matching of 5%, is that correct or should i get 5% for putting in my 5%? 

On Thu, Mar 1, 2018 at 11:13 PM, poptopwater@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

Correct. Gary has it right.

We all know you have to put in 5% to get 5% matched.

The 5% matching government contribution goes into your traditional balance regardless of if your participant contribution is traditional or Roth.

Gov matching could never be Roth because they would have to tax it before they give it.

If you wanted to bear the tax burden up front, you can contribute to Roth only and still get your matching (traditional).

If you hit $18,500 personal contributions before the final pay period, you will be forced to stop contributing for the remainder of that year, and matching funds will also stop. Plan accordingly.

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Jim Edwards

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Posted by: James Budinger <jmbud2@gmail.com>

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