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>...
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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...
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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. RichardOn...
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[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,...
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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:96 Thank you both. I've been trying figure out how to invest...
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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 CottoOn 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...
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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...
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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...
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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 CottoOn Sunday,...
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Re: [TSPStrategy] TSP loan
ThanksOn 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...
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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...