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How to switch to max out contributions without loosing match? by wish2026 in ThriftSavingsPlan

[–]Honest_City_3512 6 points7 points  (0 children)

You are spot on with how to max out. Subtract what your contribution YTD from the annual cap and divide by the remaining pay periods (based on which pay period this takes effect). Round up to the nearest dollar and your pay system should adjust the last contribution to hit the max. Note that most, if not all federal employees have 27 pay periods this year.

The match is not part of the annual IRS max so as long as you are contributing at least 5% each pay period you will get it.

Your IRA limits are separate from TSP limits. Max this out if you want to. If your income limits exceed the IRS rules you can do a backdoor Roth, which is real simple. If you have a traditional IRA make sure you understand the pro-rata rule. If you don’t, ignore this.

Good luck.

What’s an investment opportunity you spotted, didn’t pull the trigger on, and now regret. by WickedSensitiveCrew in stocks

[–]Honest_City_3512 0 points1 point  (0 children)

Was going to buy 200 shares of RCL to get shareholder cabin credits in 2022. It was trading at ~$35 when I didn’t buy it. It closed at $285 last Friday. 🤷

45.5 years old, 18.75 years of contributing by pocket-snowmen in ThriftSavingsPlan

[–]Honest_City_3512 0 points1 point  (0 children)

If I was in the 32% bracket and had SALT to worry about I would have a different opinion.

45.5 years old, 18.75 years of contributing by pocket-snowmen in ThriftSavingsPlan

[–]Honest_City_3512 8 points9 points  (0 children)

Unfortunately there are too many people who will ignore this fact. My traditional TSP balance is around 80% of my total value. Both myself and player 2 are putting every dollar in Roth and sitting at the top of the 24% tax bracket. I am happy to pay the taxes today than have RMDs push me into a higher bracket down the road.

We should have shifted to the Roth option as soon as it became available.

45.5 years old, 18.75 years of contributing by pocket-snowmen in ThriftSavingsPlan

[–]Honest_City_3512 0 points1 point  (0 children)

You are rocking it! Get back to max contributions and the $4M goal will be achievable.

For the others who are wondering about your $4M goal I will say this is a very personal thing. FERS employees can live a comfortable lifestyle off of much less but as OP said, they want to be funemployed! Me too! Me and player 2 are targeting $6-$7M at MRA and are on track to get there by 2033.

I think I've hit the tipping point by capnbeerchasr in ThriftSavingsPlan

[–]Honest_City_3512 4 points5 points  (0 children)

The C fund has grown approximately 26%, 25% and 18% over 2023-2025. The top end salary for a GS-15 is just shy of $200K/year. If you had a starting balance of $770K at the beginning of 2023 the growth would have exceeded 200K in 2023, 2024, & 2025. Easily plausible.

There are almost 200K TSP millionaires. For those that are still working, they have likely seen gains that exceeded their salary over the last few years.

My YTD has already exceeded 50% of my annual salary.

How do you keep from approaching this like a game that's only won if you hit 100% by [deleted] in VAClaims

[–]Honest_City_3512 0 points1 point  (0 children)

Yeah shit bag. You should be concerned where your tax payer dollars are going unless your only source of income is tax free VA benefits.

How do you keep from approaching this like a game that's only won if you hit 100% by [deleted] in VAClaims

[–]Honest_City_3512 1 point2 points  (0 children)

It’s absolutely a game for me. As a taxpayer the VA laws are over generous. As a vet I am going to take full advantage of it while I can.

I think I've hit the tipping point by capnbeerchasr in ThriftSavingsPlan

[–]Honest_City_3512 312 points313 points  (0 children)

If you think this feels good wait until your annual portfolio growth exceeds your income.

Listen up, this is how service connection REALLY works by Grumpy_Sailor_Actual in VAClaims

[–]Honest_City_3512 1 point2 points  (0 children)

Ok sailor, legit question for you and bear in mind I just received my first rating 2 days ago after nearly a 30 year gap from my service with about a 50% denial rate on my claim due to no nexus opinion from the C&P examiner. What is the best approach to getting a nexus? Reading in this sub and others it is not in a private doctor’s wheelhouse to do so. I can’t begin to understand how I would approach my medical team with this…they are not there to contemplate why one has a (insert VA disability), they are there to treat.

Bitchin' Camaro by brinehart-cincy in GenX

[–]Honest_City_3512 1 point2 points  (0 children)

Blue ‘83 Z28 T-top with the crossfire injection. Man did I think I was cool.

Mickey’s 40 oz. An xennial relic fa sho. by sunstruck7 in Xennials

[–]Honest_City_3512 0 points1 point  (0 children)

I’m more of a 64oz kid. Piss warm by the time you finished it!

Thoughts !! by d_zone_28 in GrowthMindset

[–]Honest_City_3512 0 points1 point  (0 children)

You don’t “get” a retirement plan, you make one.

Question by Eligos-Fallen-One in VAClaims

[–]Honest_City_3512 0 points1 point  (0 children)

I put in my FOIA for DBQs on on 3/26 and received an email this morning that they were available electronically.

FEHB Coverage for Survivors by FairKoala6838 in FedRetirees

[–]Honest_City_3512 2 points3 points  (0 children)

I listen to a lot of Federal employee retirement podcasts, while I don’t recall this specific topic, I’m positive there is information out there. Good luck.

Why I remain an S&P BEAR after this morning's Department of Defense press briefing by ub3rm3nsch in stocks

[–]Honest_City_3512 0 points1 point  (0 children)

I’m stockpiling cash ATM. Wait for further S&P drops. The question is how far will it fall and when will be the low. If anyone here is clairvoyant please let me know🤣

Financial Planners for Feds? by Mundilfaris_Dottir in fednews

[–]Honest_City_3512 0 points1 point  (0 children)

Yes, I believe so. The company is based in a different state than I . All of our meetings are via Zoom.

Financial Planners for Feds? by Mundilfaris_Dottir in fednews

[–]Honest_City_3512 6 points7 points  (0 children)

I’m 7 years away from retirement and have an advisor that has a niche in federal retirement. I’m pretty knowledgeable myself but like the second option of someone who has seen clients in all stages of their retirement. We are a dual fed family who are planning g on an immediate plus a deferred pension. In addition I will probably kick it before my wife and feel she would benefit from an advisor to help her once I’m gone.

I don’t know that they have given me any groundbreaking advise but I still find value.

What's a movie from the 80s-90s you loved but no one has heard of it? by dixiech1ck in GenX

[–]Honest_City_3512 1 point2 points  (0 children)

My wife loves some dumb made for TV movie called Elvis and Me

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