Does the Gov. match for military members?

Military Discussion.

Moderator: Aitrus

User avatar
Aitrus
Moderator
Posts: 2305
Joined: Mon Aug 06, 2012 5:03 pm

Re: Does the Gov. match for military members?

Post by Aitrus »

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.
Seasonal Musings 2022: viewtopic.php?f=14&t=19005
Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
"It's not what happens to you, but how you react to it that matters" Epictetus

Timber82
Posts: 166
Joined: Mon Feb 27, 2017 2:39 pm

Re: Does the Gov. match for military members?

Post by Timber82 »

Thanks Air, great insight! I assume you still are bound by the $18K limits however?

User avatar
Aitrus
Moderator
Posts: 2305
Joined: Mon Aug 06, 2012 5:03 pm

Re: Does the Gov. match for military members?

Post by Aitrus »

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.
Seasonal Musings 2022: viewtopic.php?f=14&t=19005
Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
"It's not what happens to you, but how you react to it that matters" Epictetus

Timber82
Posts: 166
Joined: Mon Feb 27, 2017 2:39 pm

Re: Does the Gov. match for military members?

Post by Timber82 »

If I get caught doing something wrong I will just say Aitrus told me it was copacetic.

User avatar
Aitrus
Moderator
Posts: 2305
Joined: Mon Aug 06, 2012 5:03 pm

Re: Does the Gov. match for military members?

Post by Aitrus »

:lol:
Seasonal Musings 2022: viewtopic.php?f=14&t=19005
Recommended Reading: http://tspcenter.com/forums/viewtopic.php?f=14&t=13474
"It's not what happens to you, but how you react to it that matters" Epictetus

User avatar
evilanne
Posts: 2003
Joined: Thu May 14, 2015 6:52 pm

Re: Does the Gov. match for military members?

Post by evilanne »

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

Post Reply

Fund Prices2022-08-10

FundPriceDayYTD
G $16.99 0.01% 1.49%
F $19.12 0.15% -8.47%
C $64.14 2.13% -10.85%
S $69.64 3.34% -16.54%
I $33.95 2.14% -13.91%
L2065 $13.02 2.29% -12.54%
L2060 $13.02 2.29% -12.53%
L2055 $13.02 2.29% -12.52%
L2050 $26.81 1.90% -10.69%
L2045 $12.31 1.78% -9.98%
L2040 $45.22 1.66% -9.20%
L2035 $12.03 1.53% -8.34%
L2030 $40.33 1.39% -7.43%
L2025 $11.63 0.94% -5.02%
Linc $22.96 0.56% -2.25%

Live Charts

Pending Allocations

Under development. For now, you may view Pending Allocations by going to "fantasy TSP" and selecting "Leaderboard sort" of "Pending Allocations".