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Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Yes, the max is either Roth or Traditional, or a total of the two.

On Tue, Nov 30, 2021 at 7:59 PM Ardon Kharpuri Mukhim via groups.io <akharpuri=yahoo.com@groups.io> wrote:

Does the increase apply to roth tsp for 2022?

On Tue, Nov 30, 2021 at 3:37 PM, sorullo1 via groups.io
<sorullo1=yahoo.com@groups.io> wrote:

Thank you I may end up with no pay check but at least I will have it in TSP with lower earnings for the year.

On Nov 30, 2021, at 2:59 PM, tmelick via groups.io <tmelick=yahoo.com@groups.io> wrote:

Yes, you can, just calculate how much to withdraw to your TSP each pay period before your April 2022 retirement so you reach the max by then

-------- Original message --------
From: "sorullo1 via groups.io" <sorullo1=yahoo.com@groups.io>
Date: 11/30/21 13:36 (GMT-06:00)
To: TSPStrategy@groups.io
Subject: Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Great info, thank you all! I have a question though…
If I am retiring at the end of April 2022, can I Max out contributions to TSP and Catch up?

On Nov 30, 2021, at 1:13 PM, Mike VanAmburgh <mjv325@gmail.com> wrote:

I'm going to submit my $1039 change at the end of next week. I turn 50 next year so it will be nice being allowed to invest more. If you submit it too early and the amount takes effect prior to the cutoff for 2021, you'll still be cut off at the max for this year without losing your match. For example, if you've been paying in the 750 per PP to meet the $19,500 max and your increase for 2022 to $789 kicks in PP26 of this year, they will still cap you at $19,500. That's how DoD AF works anyway. Not sure if it's different for other agencies. I submit it early so that I know the new amount will be effective for PP1.

Regular was increased $19,500 to $20,500 and catch-up stayed the same at $6500. In the 8 years I've been a federal employee, I don't remember one figure raising without the other before. Strange.

Contribution limits for a separate Traditional or Roth IRA remain the same at $6000, or $7000 for catchup.

On Tue, Nov 30, 2021 at 8:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:
Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

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Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Does the increase apply to roth tsp for 2022?

On Tue, Nov 30, 2021 at 3:37 PM, sorullo1 via groups.io
<sorullo1=yahoo.com@groups.io> wrote:

Thank you I may end up with no pay check but at least I will have it in TSP with lower earnings for the year.

On Nov 30, 2021, at 2:59 PM, tmelick via groups.io <tmelick=yahoo.com@groups.io> wrote:

Yes, you can, just calculate how much to withdraw to your TSP each pay period before your April 2022 retirement so you reach the max by then

-------- Original message --------
From: "sorullo1 via groups.io" <sorullo1=yahoo.com@groups.io>
Date: 11/30/21 13:36 (GMT-06:00)
To: TSPStrategy@groups.io
Subject: Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Great info, thank you all! I have a question though…
If I am retiring at the end of April 2022, can I Max out contributions to TSP and Catch up?

On Nov 30, 2021, at 1:13 PM, Mike VanAmburgh <mjv325@gmail.com> wrote:

I'm going to submit my $1039 change at the end of next week. I turn 50 next year so it will be nice being allowed to invest more. If you submit it too early and the amount takes effect prior to the cutoff for 2021, you'll still be cut off at the max for this year without losing your match. For example, if you've been paying in the 750 per PP to meet the $19,500 max and your increase for 2022 to $789 kicks in PP26 of this year, they will still cap you at $19,500. That's how DoD AF works anyway. Not sure if it's different for other agencies. I submit it early so that I know the new amount will be effective for PP1.

Regular was increased $19,500 to $20,500 and catch-up stayed the same at $6500. In the 8 years I've been a federal employee, I don't remember one figure raising without the other before. Strange.

Contribution limits for a separate Traditional or Roth IRA remain the same at $6000, or $7000 for catchup.

On Tue, Nov 30, 2021 at 8:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:
Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

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Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Thank you I may end up with no pay check but at least I will have it in TSP with lower earnings for the year.

On Nov 30, 2021, at 2:59 PM, tmelick via groups.io <tmelick=yahoo.com@groups.io> wrote:

Yes, you can, just calculate how much to withdraw to your TSP each pay period before your April 2022 retirement so you reach the max by then

-------- Original message --------

From: "sorullo1 via groups.io" <sorullo1=yahoo.com@groups.io>

Date: 11/30/21 13:36 (GMT-06:00)

To: TSPStrategy@groups.io

Subject: Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Great info, thank you all! I have a question though…

If I am retiring at the end of April 2022, can I Max out contributions to TSP and Catch up?

On Nov 30, 2021, at 1:13 PM, Mike VanAmburgh <mjv325@gmail.com> wrote:

I'm going to submit my $1039 change at the end of next week. I turn 50 next year so it will be nice being allowed to invest more. If you submit it too early and the amount takes effect prior to the cutoff for 2021, you'll still be cut off at the max for this year without losing your match. For example, if you've been paying in the 750 per PP to meet the $19,500 max and your increase for 2022 to $789 kicks in PP26 of this year, they will still cap you at $19,500. That's how DoD AF works anyway. Not sure if it's different for other agencies. I submit it early so that I know the new amount will be effective for PP1.

Regular was increased $19,500 to $20,500 and catch-up stayed the same at $6500. In the 8 years I've been a federal employee, I don't remember one figure raising without the other before. Strange.

Contribution limits for a separate Traditional or Roth IRA remain the same at $6000, or $7000 for catchup.

On Tue, Nov 30, 2021 at 8:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:

Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Yes, you can, just calculate how much to withdraw to your TSP each pay period before your April 2022 retirement so you reach the max by then

-------- Original message --------

From: "sorullo1 via groups.io" <sorullo1=yahoo.com@groups.io>

Date: 11/30/21 13:36 (GMT-06:00)

To: TSPStrategy@groups.io

Subject: Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Great info, thank you all! I have a question though…

If I am retiring at the end of April 2022, can I Max out contributions to TSP and Catch up?

On Nov 30, 2021, at 1:13 PM, Mike VanAmburgh <mjv325@gmail.com> wrote:

Regular was increased $19,500 to $20,500 and catch-up stayed the same at $6500. In the 8 years I've been a federal employee, I don't remember one figure raising without the other before. Strange.

Contribution limits for a separate Traditional or Roth IRA remain the same at $6000, or $7000 for catchup.

On Tue, Nov 30, 2021 at 8:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:

Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Great info, thank you all! I have a question though…

If I am retiring at the end of April 2022, can I Max out contributions to TSP and Catch up?

On Nov 30, 2021, at 1:13 PM, Mike VanAmburgh <mjv325@gmail.com> wrote:

Regular was increased $19,500 to $20,500 and catch-up stayed the same at $6500. In the 8 years I've been a federal employee, I don't remember one figure raising without the other before. Strange.

Contribution limits for a separate Traditional or Roth IRA remain the same at $6000, or $7000 for catchup.

On Tue, Nov 30, 2021 at 8:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:

Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Regular was increased $19,500 to $20,500 and catch-up stayed the same at $6500. In the 8 years I've been a federal employee, I don't remember one figure raising without the other before. Strange.

Contribution limits for a separate Traditional or Roth IRA remain the same at $6000, or $7000 for catchup.

On Tue, Nov 30, 2021 at 8:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:

Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

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Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Pretty sure it starts Jan 2022

On Tue, Nov 30, 2021 at 6:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:

Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

Dave

Sent via Gmail from my iPhone

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Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

for those of us with pay via the National Finance Center, make your changes effective Pay Period 26... (this may not apply for those who work for agencies who have their pay processed elsewhere)

-------- Original message --------

From: "Tim via groups.io" <timothy.j.bryson.civ=mail.mil@groups.io>

Date: 11/30/21 08:26 (GMT-06:00)

To: TSPStrategy@groups.io

Subject: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

Re: [TSPStrategy] 2021 Date for TSP 2022 Contributions

Elections should be made during the PP of Dec 5-18

On Tue, Nov 30, 2021 at 9:26 AM Tim via groups.io <timothy.j.bryson.civ=mail.mil@groups.io> wrote:

Does anyone know the date to make changes for 2022 TSP contributions to be effective on on the First PP of 2022?
Also - i think the Limit has gone up to $20,500 for Regular and $6,500 for Catch Up for a total of $27,000.
By 26PP then biweekly contribution would be $1,038.47 per pay period. Please let me know if error?

Thanks,
Tim

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[TSPStrategy] 2021 Date for TSP 2022 Contributions

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Re: [TSPStrategy] Will the I'm a Crayon variant cause more market panic?

I'm staying put as well. Timing the market is fortune teller work and I've never had success. Also, my time horizon is still a ways out. Will recover, unless we go kinetic with Russia or China.

Very Respectfully,

Claus J. Ullstad

All In, All Of The Time!
- In honor of SOCS Tom Valentine

On Nov 28, 2021, at 12:22, eljosco@mail.com wrote:

That's possible. Continue checking the index futures this evening to see what's going on.

From my perspective, I'm staying put where I'm at - which is mostly equities. Approaching retirement, I diversified for the first time at the end of last year with the majority of allocation still in C/S and 100% contributions split evenly between them.

There was alot more uncertainty and economic impacts when COVID first hit. We've learned alot more, increased vaccinations, and continue to adjust/adapt.

On 11/28/21 at 9:20 AM, judd wrote:

From: "judd" <judd@ionsky.com>
Date: November 28, 2021
To: TSPStrategy@groups.io
Cc:
Subject: [TSPStrategy] Will the I'm a Crayon variant cause more market panic?

Looking for opinions or insight...will the Omicron (should have been Xi) variant cause more market panic tomorrow??

Re: [TSPStrategy] Will the I'm a Crayon variant cause more market panic?

That's possible. Continue checking the index futures this evening to see what's going on.

From my perspective, I'm staying put where I'm at - which is mostly equities. Approaching retirement, I diversified for the first time at the end of last year with the majority of allocation still in C/S and 100% contributions split evenly between them.

There was alot more uncertainty and economic impacts when COVID first hit. We've learned alot more, increased vaccinations, and continue to adjust/adapt.

On 11/28/21 at 9:20 AM, judd wrote:

From: "judd" <judd@ionsky.com>
Date: November 28, 2021
To: TSPStrategy@groups.io
Cc:
Subject: [TSPStrategy] Will the I'm a Crayon variant cause more market panic?

Looking for opinions or insight...will the Omicron (should have been Xi) variant cause more market panic tomorrow??

Re: [TSPStrategy] Will the I'm a Crayon variant cause more market panic?

without question

-------- Original message --------

From: judd <judd@ionsky.com>

Date: 11/28/21 08:20 (GMT-06:00)

To: TSPStrategy@groups.io

Subject: [TSPStrategy] Will the I'm a Crayon variant cause more market panic?

Looking for opinions or insight...will the Omicron (should have been Xi) variant cause more market panic tomorrow??

[TSPStrategy] Will the I'm a Crayon variant cause more market panic?

Looking for opinions or insight...will the Omicron (should have been Xi) variant cause more market panic tomorrow??

Re: [TSPStrategy] TSP loan

On the 10%. He is already at 59 1/2 so no issue but even if he wasn't and was at least 55 and was retiring the year of distribution there is also no penalty.

Sent from the all new AOL app for iOS

[TSPStrategy] Age Based Withdrawal

Hello,

I am eligible for an age-based withdrawal.

I plan on taking out about $60k in the next few days.

1. Which balance do they take it from? From the balance that you had when you entered the request or from the balance you have when they finally process the withdrawal?

2. I heard that for age-based withdrawals (as opposed to withdrawals once you are retired) the wait time is about 10 days. I'm still an active employee. Have others experienced this time frame?

Thanks

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Re: [TSPStrategy] Off Topic: Dental Insurance in Retirement

Ken is right.

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Re: [TSPStrategy] TSP loan

Yes you can Damian. Put the max dollar amount instead of a percentage to be placed in the TSP, divided by the number of pay periods in 2022. You also just have to request the payroll deduction at the right time. It'll be at some point in December. I haven't checked that date out yet, but will do that soon.

You also want to time it in a way that you don't contribute the max too soon and miss out on matching contributions.

On 11/21/21 at 1:04 PM, Damian Cotto via groups.io wrote:

From: "Damian Cotto via groups.io" <damian.cotto=yahoo.com@groups.io>
Date: November 21, 2021
To: TSPStrategy@groups.io
Cc:
Subject: Re: [TSPStrategy] TSP loan

Just tossing a question out here but I have 20 years of work to go still and I am investing 10% into TSP 60% C and 40% S. How can I maximize my Roth contribution without being penalized for going over the annual limit and still max TSP? Is this possible?

Respectfully,

Damian Cotto

On Sunday, November 21, 2021, 12:48, MJ Lawrence <MARNITA2@GMAIL.COM> wrote:

Thanks

On Sun, Nov 21, 2021, 12:25 PM danesifamily via groups.io <danesifamily=verizon.net@groups.io> wrote:

Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don't pay what you owe and it's a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it's this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it's this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn't afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

Re: [TSPStrategy] Off Topic: Dental Insurance in Retirement

Bill- We aren't getting any financial help from the G on the FEP BLUE Dental, only BC/BS medical or whatever your FEHB is.

-----Original Message-----
From: MD2018 via groups.io <rlkane.wc=verizon.net@groups.io>
To: TSPStrategy@groups.io
Sent: Mon, Nov 22, 2021 6:47 pm
Subject: Re: [TSPStrategy] Off Topic: Dental Insurance in Retirement

Hmm, I don't think is subsidized as an employee either. I know my rates did not change when I retired but I pay monthly now instead of biweekly. GEHA Dental +1 standard plan for 2022 is about $46 per month.

My Blue Vision +1 plan is about $15 per month, no change from being an employee.

Richard

On Nov 22, 2021, at 6:25 PM, Bill Steele Sr. via groups.io <bill_steele_sr=yahoo.com@groups.io> wrote:

I subscribe to a Federal Retiree Newsletter. There was a article concerning the fact that in retirement there is no government contribution for dental insurance- that the retiree pays the whole cost. I looked at my leave and earnings statement and see that I'm paying about $25 per pay period for Dental, I also have BC/BS for medical- under the What The Government Pays section there is only one figure listed under FEHB... it isn't split to show Health and Dental. Anyway. I have FEP BLUE Dental. May I assume $25 per pay period is not the total cost- that the Fed Gov is covering a portion of this. And will this entire cost be up to me when I retire?

Thanks!

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Re: [TSPStrategy] TSP loan

Yes - both would be a taxable event if all the funds were traditional. As others have mentioned, if would be more advantageous to take the distribution in a year with less taxable income/lower taxable rate.

I think I was worried that he might get hit with the 10% early distribution if the loan was not paid off. That's a real whammy.

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Re: [TSPStrategy] Off Topic: Dental Insurance in Retirement

My Blue Vision +1 plan is about $15 per month, no change from being an employee.

Richard

On Nov 22, 2021, at 6:25 PM, Bill Steele Sr. via groups.io <bill_steele_sr=yahoo.com@groups.io> wrote:

I subscribe to a Federal Retiree Newsletter. There was a article concerning the fact that in retirement there is no government contribution for dental insurance- that the retiree pays the whole cost. I looked at my leave and earnings statement and see that I'm paying about $25 per pay period for Dental, I also have BC/BS for medical- under the What The Government Pays section there is only one figure listed under FEHB... it isn't split to show Health and Dental. Anyway. I have FEP BLUE Dental. May I assume $25 per pay period is not the total cost- that the Fed Gov is covering a portion of this. And will this entire cost be up to me when I retire?

Thanks!

[TSPStrategy] Off Topic: Dental Insurance in Retirement

I subscribe to a Federal Retiree Newsletter. There was a article concerning the fact that in retirement there is no government contribution for dental insurance- that the retiree pays the whole cost. I looked at my leave and earnings statement and see that I'm paying about $25 per pay period for Dental, I also have BC/BS for medical- under the What The Government Pays section there is only one figure listed under FEHB... it isn't split to show Health and Dental. Anyway. I have FEP BLUE Dental. May I assume $25 per pay period is not the total cost- that the Fed Gov is covering a portion of this. And will this entire cost be up to me when I retire?

Thanks!

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Re: [TSPStrategy] TSP loan

I thought that if you took an existing TSP loan into retirement, you had 90 days to pay it back or it becomes a taxable distribution.

On Nov 21, 2021, at 12:37 PM, Damian Cotto via groups.io <damian.cotto=yahoo.com@groups.io> wrote:

Thank you both. I've been trying figure out how to invest more than the maximum amount in TSP.

Respectfully,

Damian Cotto

On Sunday, November 21, 2021, 13:23, Mike VanAmburgh <mjv325@gmail.com> wrote:
Not sure if I understand the question but you can do a total of $20,500 for 2022 combined for Roth and Traditional. If you're already maxing TSP, you can do a separate Roth IRA with companies such as Vanguard for another $6000 per year. I moved my Roth IRA from USAA to Vanguard before USAA farmed us out to Victory Capital, and I've been happy with Vanguard.

At 50 years old, max for TSP is 27,000 and 7,000 for IRA in 2022. That applies to the year that you turn 50. I turn 50 next September but I'm going to start contributing more in January, for example.

On Sun, Nov 21, 2021 at 12:04 PM Damian Cotto via groups.io <damian.cotto=yahoo.com@groups.io> wrote:
Just tossing a question out here but I have 20 years of work to go still and I am investing 10% into TSP 60% C and 40% S. How can I maximize my Roth contribution without being penalized for going over the annual limit and still max TSP? Is this possible?

Respectfully,

Damian Cotto

On Sunday, November 21, 2021, 12:48, MJ Lawrence <MARNITA2@GMAIL.COM> wrote:
Thanks

On Sun, Nov 21, 2021, 12:25 PM danesifamily via groups.io <danesifamily=verizon.net@groups.io> wrote:
Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don't pay what you owe and it's a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it's this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it's this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn't afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

Re: [TSPStrategy] TSP loan

Thank you both. I've been trying figure out how to invest more than the maximum amount in TSP.

Respectfully,

Damian Cotto

On Sunday, November 21, 2021, 13:23, Mike VanAmburgh <mjv325@gmail.com> wrote:

Not sure if I understand the question but you can do a total of $20,500 for 2022 combined for Roth and Traditional. If you're already maxing TSP, you can do a separate Roth IRA with companies such as Vanguard for another $6000 per year. I moved my Roth IRA from USAA to Vanguard before USAA farmed us out to Victory Capital, and I've been happy with Vanguard.

At 50 years old, max for TSP is 27,000 and 7,000 for IRA in 2022. That applies to the year that you turn 50. I turn 50 next September but I'm going to start contributing more in January, for example.

On Sun, Nov 21, 2021 at 12:04 PM Damian Cotto via groups.io <damian.cotto=yahoo.com@groups.io> wrote:
Just tossing a question out here but I have 20 years of work to go still and I am investing 10% into TSP 60% C and 40% S. How can I maximize my Roth contribution without being penalized for going over the annual limit and still max TSP? Is this possible?

Respectfully,

Damian Cotto

On Sunday, November 21, 2021, 12:48, MJ Lawrence <MARNITA2@GMAIL.COM> wrote:
Thanks

On Sun, Nov 21, 2021, 12:25 PM danesifamily via groups.io <danesifamily=verizon.net@groups.io> wrote:
Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don't pay what you owe and it's a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it's this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it's this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn't afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

Re: [TSPStrategy] TSP loan

Not sure if I understand the question but you can do a total of $20,500 for 2022 combined for Roth and Traditional. If you're already maxing TSP, you can do a separate Roth IRA with companies such as Vanguard for another $6000 per year. I moved my Roth IRA from USAA to Vanguard before USAA farmed us out to Victory Capital, and I've been happy with Vanguard.

At 50 years old, max for TSP is 27,000 and 7,000 for IRA in 2022. That applies to the year that you turn 50. I turn 50 next September but I'm going to start contributing more in January, for example.

On Sun, Nov 21, 2021 at 12:04 PM Damian Cotto via groups.io <damian.cotto=yahoo.com@groups.io> wrote:

Just tossing a question out here but I have 20 years of work to go still and I am investing 10% into TSP 60% C and 40% S. How can I maximize my Roth contribution without being penalized for going over the annual limit and still max TSP? Is this possible?

Respectfully,

Damian Cotto

On Sunday, November 21, 2021, 12:48, MJ Lawrence <MARNITA2@GMAIL.COM> wrote:
Thanks

On Sun, Nov 21, 2021, 12:25 PM danesifamily via groups.io <danesifamily=verizon.net@groups.io> wrote:
Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don't pay what you owe and it's a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it's this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it's this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn't afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

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Re: [TSPStrategy] TSP loan

Just put the max in your roth and the matching will go into traditional

Get Outlook for Android

From: TSPStrategy@groups.io <TSPStrategy@groups.io> on behalf of Damian Cotto via groups.io <damian.cotto=yahoo.com@groups.io>
Sent: Sunday, November 21, 2021 12:03:53 PM
To: TSPStrategy@groups.io <TSPStrategy@groups.io>
Subject: Re: [TSPStrategy] TSP loan

Damian Cotto

On Sunday, November 21, 2021, 12:48, MJ Lawrence <MARNITA2@GMAIL.COM> wrote:

Thanks

On Sun, Nov 21, 2021, 12:25 PM danesifamily via groups.io <danesifamily=verizon.net@groups.io> wrote:

Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don't pay what you owe and it's a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it's this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it's this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn't afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

Re: [TSPStrategy] TSP loan

Damian Cotto

On Sunday, November 21, 2021, 12:48, MJ Lawrence <MARNITA2@GMAIL.COM> wrote:

Thanks

On Sun, Nov 21, 2021, 12:25 PM danesifamily via groups.io <danesifamily=verizon.net@groups.io> wrote:
Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don't pay what you owe and it's a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it's this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it's this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn't afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

Re: [TSPStrategy] TSP loan

Thanks

On Sun, Nov 21, 2021, 12:25 PM danesifamily via groups.io <danesifamily=verizon.net@groups.io> wrote:

Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don't pay what you owe and it's a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it's this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it's this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn't afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

_._,_._,_

Groups.io Links:

You receive all messages sent to this group.

_._,_._,_

Re: [TSPStrategy] TSP loan

Any distribution is a taxable event. You can do three things. Pay it off. No distribution. Or you don’t pay what you owe and it’s a distribution with the question of the date. Which is going to be either your separation date or the date you fail to pay it back. Once you are retired you are not able to take out a loan or pay it back. If you have worked all year the. It adds to that income if it’s this year so at the highest tax rate you have or even higher. If you can delay to next year when your income is lower better bet. If it’s this year then you might want to pay it back with current savings then wait to next year and take a distribution to make that up if you couldn’t afford it. Which would be a taxable event in 2022. All of this based on it being regular TSP not Roth.

_._,_._,_

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You receive all messages sent to this group.

_._,_._,_

I closely follow my retirement monies, as it is _my_ retirement money that I am responsible for plus the govt kicks in a few % for free!

takes a few minutes every day.

I make graphs as it gives me a picture of what things are going on, although the black Swan of Covid was unexpected, the recovery was rapid from the notches in the graph

You can track your data also

TSP.GOV has all the data, free, updated around 7:30pm EST daily, you can take a few minutes, set up a spreadsheet, copy paste daily data after downloading the database into excel

I like to put 2 standard deviation bands around the data using a 20 day smoothing moving average to filter noise and get an idea of whats going on as the daily data seems to like to "Hug" the standard deviation band at times

I DO NOT TRADE and whatever i'm in, I'm 100% all in, as that is what I do.

what you do is up to you, not me, im just presenting what I do

On Thursday, November 18, 2021, 11:14:04 AM EST, Damian Cotto via groups.io <damian.cotto=yahoo.com@groups.io> wrote:

If advice is free, take it for that. When you pay someone to provide financial guidance you are paying for their education and experience to improve your odds of success, nothing more. I say thank you either way.

Respectfully,

Damian Cotto

On Thursday, November 18, 2021, 11:00, Arash Etemadi via groups.io <arashet=yahoo.com@groups.io> wrote:

I, too, only read articles here.
My two cents is that how can one give the same advice about the investment strategy of a large group with mixed goals, risk levels, and financial situations? How can one tell the same thing to someone who is at the beginning of their career and will be contributing for 20 years, one who will do so for 2 years and a current retiree?

On Thursday, November 18, 2021, 09:24:13 AM EST, Nelson Garcia via groups.io <it2garcia=yahoo.com@groups.io> wrote:

Newbies, preservation of your TSP funds is better than loosing it specially during that uncertain time when she decided to switch to G in December. Base on my experience in following her and other defunct TSP paid groups I have more peace of mind in following her free advice.

On Nov 18, 2021, at 5:42 AM, Dave in Dallas <datruedave+GroupsIO@gmail.com> wrote:

On Wed, Nov 17, 2021 at 03:25 PM, Kurt Peterson wrote:

Can I please ask why everyone is so appreciative of Sarah's advice? I'm down a potential TON of retirement money because I stupidly followed her advice last December to bail on S and C funds and go all into G. I have much reluctancy to trust her. I don't know much about her other than she is supposedly some TSP guru, however, with a horrid track record of advice since I've known of her.

She may be reluctant to do it after this past year, but she used to post her returns compared to those of other (paid) TSP advisory services.

I know that she doesn't have a crystal ball. I know that avoiding a loss is far more impactful than realizing a gain for the same amount. If I were you, I'd read more of the articles that she shares and realize that there are different investing strategies that serve different needs, but not a single one of them can predict the future. If you're looking for someone to tell you where to invest so that you can maximize returns and never have losses, well, you're going to be very disappointed no matter where you look for advice.

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