Does the Gov. match for military members?
Moderator: Aitrus
Re: Does the Gov. match for military members?
Timber,
I'm in that position. From what I understand, the two retirements and TSP accounts are separate. Even for Guard / Reserve technicians, they are two separate accounts. This means that under BRS both pay sources would get matched.
Not sure if the continuation pay at the 12 year mark applies, though.
I'm in that position. From what I understand, the two retirements and TSP accounts are separate. Even for Guard / Reserve technicians, they are two separate accounts. This means that under BRS both pay sources would get matched.
Not sure if the continuation pay at the 12 year mark applies, though.
Seasonal Musings 2022: viewtopic.php?f=14&t=19005
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Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
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Re: Does the Gov. match for military members?
Thanks Air, great insight! I assume you still are bound by the $18K limits however?
Re: Does the Gov. match for military members?
From my research, yes. The $18k counts all of your personal contributions, no matter how many accounts you use to reach the $18k. That is a separate amount from any Roth contributions, I believe.
I could be wrong, and if I am somebody please step up and correct me. I don't want to be handing out false info.
I could be wrong, and if I am somebody please step up and correct me. I don't want to be handing out false info.
Seasonal Musings 2022: viewtopic.php?f=14&t=19005
Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
Support the site by purchasing a membership at TSPCalc! https://tspcalc.com
Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
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Re: Does the Gov. match for military members?
If I get caught doing something wrong I will just say Aitrus told me it was copacetic.
Re: Does the Gov. match for military members?
Seasonal Musings 2022: viewtopic.php?f=14&t=19005
Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
Support the site by purchasing a membership at TSPCalc! https://tspcalc.com
Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
Support the site by purchasing a membership at TSPCalc! https://tspcalc.com
Re: Does the Gov. match for military members?
Aitrus is correct https://www.tsp.gov/PlanParticipation/A ... imits.html
But if you are called to active duty in combat zone, there is an "Annual Addition Limit" - but not sure how this works https://www.tsp.gov/PlanParticipation/E ... imits.html
But if you are called to active duty in combat zone, there is an "Annual Addition Limit" - but not sure how this works https://www.tsp.gov/PlanParticipation/E ... imits.html
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