I like this. Makes it pretty simple. Something to consider. It'll be nice to see the bigger paychecks once the smaller contribution kicks on also.mattch45 wrote:Don't you just need to take 5% of your annual salary, subtract that from the annual contribution limit, and that's how much you can pay early?fordest wrote:The best of both worlds would be to calculate it so that your last contribution maxes you out and comes in at exactly 5%. But that is too much work and too much math, and I would second doubt myself to the point of anxiety.
For example, say you make $100,000. Your 5% match is $5,000 annually or $192.31 per pay period. For maximum benefit, you would want to pay in $14,000 ASAP. (Every pay period that passes, you add $192.31 to that amount.) After that, you continue your $192.31 payments until year end for maximum match.
Maximum TSP contributions
Moderator: Aitrus
Re: Maximum TSP contributions
Re: Maximum TSP contributions
fordest wrote:I like this. Makes it pretty simple. Something to consider. It'll be nice to see the bigger paychecks once the smaller contribution kicks on also.mattch45 wrote:Don't you just need to take 5% of your annual salary, subtract that from the annual contribution limit, and that's how much you can pay early?fordest wrote:The best of both worlds would be to calculate it so that your last contribution maxes you out and comes in at exactly 5%. But that is too much work and too much math, and I would second doubt myself to the point of anxiety.
For example, say you make $100,000. Your 5% match is $5,000 annually or $192.31 per pay period. For maximum benefit, you would want to pay in $14,000 ASAP. (Every pay period that passes, you add $192.31 to that amount.) After that, you continue your $192.31 payments until year end for maximum match.
Those who 'abjure' violence can do so only because others are committing violence on their behalf.
Re: Maximum TSP contributions
Try this...
https://beta.tspcalc.com/calc_contribution.php
It does work in Internet Explorer, but it looks funky. Recommend Chrome.
https://beta.tspcalc.com/calc_contribution.php
It does work in Internet Explorer, but it looks funky. Recommend Chrome.
Owner/creator of TSPcalc.com - "Know your numbers"
Re: Maximum TSP contributions
Oh that is beautiful Mattmjedlin66 wrote:Try this...
https://beta.tspcalc.com/calc_contribution.php
It does work in Internet Explorer, but it looks funky. Recommend Chrome.
Re: Maximum TSP contributions
For 2019, if you are doing $731 per pay period and started from the first pay period, you will have $18,275 of total regular contributions to TSP after the 25th pay period. On the 26th pay period it will adjust downward to $725, thus reaching the $19,000 limit. I believe you will still get the match at that point (but of course you never get more than 5% match).mmiller17 wrote:What happens if you go a little over the 19000. Do they stop withdrawing or do you just pay tax?
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