With TSP being a qualified retirement plan, I'm keeping my fingers crossed this gets passed and TSP is included. A penny for your thoughts?
https://www.jdsupra.com/legalnews/house ... t-1387515/
I like the idea raising the SALT cap or eliminating the SALT cap for some period and increasing age for RMDs but both of these are contrary to their goal of increasing current revenue
See the link below to HR 2954, and go to SEC. 604. OPTIONAL TREATMENT OF EMPLOYER MATCHING CONTRIBUTIONS AS ROTH CONTRIBUTIONS.
https://www.congress.gov/117/bills/hr29 ... 954rfs.pdf
The legislation also increases the catch-up contribution limit to $10,000 for those between ages 62 and 64 and all catch-up contributions starting in 2023 must be made to Roth accounts. I'm curious how folks feel about this change to "catch-up" contributions, knowing not everyone likes TSP Roth.
Here is more information on what else is included in the Act:
https://federalnewsnetwork.com/tsp/2022 ... d1b12b223z
Not interested. I am contributing 15% to Roth and can't afford to pay more taxes.
Maybe if someone was maxing out their contributions and it was 100% Roth, this would give that person a way to put more in the Roth I guess.
I am not in that situation. But, more options could be a good thing as long as cost don't go up.
Paul Merriman 2 fund strat: (age - 25) x2.5 = TDF + balance into S fund or variation ofTimboSlice wrote: "People really need to stop overthinking this."
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