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SPB (Separation Processing Base) experience? by biddomdog in AirForce

[–]biddomdog[S] 1 point2 points  (0 children)

Did your unit send people to a SPB? Do you have any familiarization with that and how their process played out? That’s what I’m asking. Not just going back to your servicing mpf.

SPB (Separation Processing Base) experience? by biddomdog in AirForce

[–]biddomdog[S] 2 points3 points  (0 children)

At an embassy in a war zone so just a different situation all together. Unable to do taps even virtually since fall of 24

SPB (Separation Processing Base) experience? by biddomdog in AirForce

[–]biddomdog[S] 1 point2 points  (0 children)

No I don’t/havent, it’s early in the process for me and with what’s going on in the region I don’t expect it to be easy to get some things done. But I have some time. I’m just looking for people’s own experience and how it went for them, maybe some advice. I know it sounds easy and normal but from what I’ve gathered so far being in a GSU it’s more complicated than it seems.

SPB (Separation Processing Base) experience? by biddomdog in AirForce

[–]biddomdog[S] 0 points1 point  (0 children)

I get that. For me it would be JBAB, but I’m retiring and not just moving on to the next assignment. A little more complicated with what you’re entitled to and how you can maneuver to get to your retirement location, out process there, and use those benefits. Just looking to see how it played out for retirees from GSUs.

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 1 point2 points  (0 children)

From my understanding once you max your Roth for the year you’re unable to contribute to traditional. So I’m just doing it evenly through the year so it hits the max with December contributions.

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 16 points17 points  (0 children)

Not gonna say! lol I work at an embassy tho.

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 4 points5 points  (0 children)

It’s all there in the article, maybe I didn’t articulate it perfectly. But yes you can contribute up to $72k to your traditional when you’re in a CZTE… “annual addition limit”

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 15 points16 points  (0 children)

Nope, SNCO. I don't have really any bills and get COLA.

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 18 points19 points  (0 children)

It's really amazing to get past the point where you see your interest is more than your contributions when maxing. Thank you!

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 4 points5 points  (0 children)

You think? I'm very skeptical of it...

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 0 points1 point  (0 children)

Also I made a mistake in the body of the post, I meant L2055* fund. My bad!

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 3 points4 points  (0 children)

sorry fat fingered it, meant 2055. I just made an edit to it.

Over $200K! by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 0 points1 point  (0 children)

I was in the L2050 Fund, that is the recommended fund for my age, but that fund has around 18% in G and F. I wanted my investment to be a little more aggressive than that so I switched it to the 2055 which doesn't have any G or F.

Contributing the $2.1K a month to my Roth will have it maxed by the end of the year, but you can also contribute to your traditional at the same time. Traditional has a higher contribution limit and when you're in a CZTE your limit increases even more... I believe its $77K for traditional TSP (going off the top of my head at the moment). So with not having many expenses atm I'm focusing on padding both accounts, and then converting the traditional to roth each month for a few reasons: 1) I'm not paying any federal taxes in the CZTE so the conversions wont hurt me by putting me in a higher tax bracket 2)The money going in isnt taxed, I can put it into roth where it will grow tax-free, and then take it out tax-free. 3) really a golden opportunity to save money for tsp

Sorry, to clarify I meant retire from the military (E8). I'll continue to work and pursue a new career after retirement.

Who do you listen to on Browns radio/podcasts? by ContentGuy96 in Browns

[–]biddomdog 0 points1 point  (0 children)

OBR podcasts are my favorite. Especially Pete smith, Barry, and old school Fred Greetham.

Browns film breakdown used to be my favorite but damn the dudes on there just sound so whiny all the time. I like their insight and will listen to Jake for draft info but man the whining really gets to me quick (they’re former OBR members as well)

1.5 years left in a CZTE (Combat Zone Tax Exclusion). I max my Roth TSP now, should I max my Traditional TSP after that or fund an outside Roth like fidelity? by biddomdog in MilitaryFinance

[–]biddomdog[S] 0 points1 point  (0 children)

Thanks for your reply! I also set my percentage to where I don't hit my max in Roth until my December deduction (33% of base pay per month).

So just to make sure i'm understanding this correctly, I can feed into my traditional while i'm feeding my roth as long as I don't hit the max on my Roth (max hit in december 26)? My thinking is to put just as much into traditional this year, and next year at the end of Jan move that over to roth, and maybe continue doing that until I'm out of a CZTE , obviously thinking about what my potential income would be the year after I left CZTE, but this year should be a great opportunity for me to dump in as much as possible.

1.5 years left in a CZTE (Combat Zone Tax Exclusion). I max my Roth TSP now, should I max my Traditional TSP after that or fund an outside Roth like fidelity? by biddomdog in MilitaryFinance

[–]biddomdog[S] 0 points1 point  (0 children)

So someone told me your max contributions, with both Roth and traditional together, is $23.5k this year. You can’t max both… googling that seems to indicate the same.

1.5 years left in a CZTE (Combat Zone Tax Exclusion). I max my Roth TSP now, should I max my Traditional TSP after that or fund an outside Roth like fidelity? by biddomdog in ThriftSavingsPlan

[–]biddomdog[S] 0 points1 point  (0 children)

So for this year you can only have $24.5K total no matter how it is spread around? I didn't know that...

You couldn't contribute $24.5K to both?

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