Re: [TSP_Strategy] 2019 contribution

 

Very odd that you would reference a PPD ending in the new year - mostly because you cannot earn in a new year and have it count in the prior years income (IRS).  So, I took a look at a recent posting (http://money.federaltimes.com/2018/02/26/27-pay-periods-in-2018/) which surprisingly references material you've asked about here.  So I pulled the NFC pay calendar for 2018 (https://payroll-calendar.com/federal-pay-period-calendar-2018-nfc/2018-payroll-calendar-funf-pandroid-co-with-regard-to-federal-pay-period-calendar-2018-nfc/) and it reflects that PPD-26 does indeed end on 12/20/2018 as I previously reported. 

So, it seems someones PPD charting is off somewhere - there are always 26 PPDs in a year with only one exception - when the PPDs align perfectly and the date the cycle starts allows for the 27th PPD to occur - which only happens eleven years after the last time it happened - depending on your agency.  Best that you take a look at your ELS and validate what PPD you are in right now as the timing of this transaction is entirely suppose to start on the first day of the first pay period of the new year.  You'll need to make sure its in place early enough for your payroll staff to execute before that first PPD closes out or you will miss the deduction / contribution to TSP.

On Wednesday, November 21, 2018, 5:28:45 AM PST, John.M.Liechty@faa.gov [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

It means make it in the last PP of 2018, no matter what the PP number is.  Then it will start on PP01 of the next year.

 

Regards,

 

John

 

From: TSP_Strategy@yahoogroups.com <TSP_Strategy@yahoogroups.com>
Sent: Wednesday, November 21, 2018 2:19 AM
To: TSP_Strategy@yahoogroups.com
Subject: Re: [TSP_Strategy] 2019 contribution

 

 

Does this mean make the transaction between 9-22 Dec?

 

On Wednesday, November 14, 2018, 4:54:31 PM GMT+1, Lindalyc@aol.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com> wrote:

 

 

 

You mean PP25 for Dec 9--22?

 

Someone said start at PP26 (Dec23--Jan 4th),

 

So I am a bit confused and unsure. any advice?

 

-----Original Message-----
From: John.M.Liechty@faa.gov [TSP_Strategy] <TSP_Strategy@yahoogroups.com>
To: TSP_Strategy <TSP_Strategy@yahoogroups.com>
Sent: Wed, Nov 14, 2018 9:18 am
Subject: RE: [TSP_Strategy] 2019 contribution

 

The best time is December 9 through 22, 2018 (PP 27).

 

Regards,

 

John Liechty

 

From: TSP_Strategy@yahoogroups.com <TSP_Strategy@yahoogroups.com>
Sent: Wednesday, November 14, 2018 4:45 AM
To: TSP_Strategy@yahoogroups.com
Subject: [TSP_Strategy] 2019 contribution

 

 

Now that the contribution is up to $19K, what is the best day to change the contribution to $730 to ensure it hits on the first pay period?

 

Thanks in advance.

 

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Posted by: MDJ <jonesmd2@yahoo.com>

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