| TSP Max Buffling Question |
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bong12187
Preferred Member
Cash: $ 24.50
Posts: 120
Joined: 31 Jul 2005
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| TSP Max Buffling Question |
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Ladies and Gents,
Need your help. I'll probably be deploying soon and need advices. So far, reading materials are not helping.
When deployed we are able to max TSP 44k
When not deployed we are able to max TSP 15k.
I know that there are other rules but lets assume that I fit in this category.
Now, If I am in theater for June 07 through May 08, How much can I contribute to TSP for 07 and 08?
Is it 15K (for Jan-May 07) since my pay is taxable AND 44k (Jun-Dec 07) Since this my pay is non tax. All the materials I read seems to separate the two. I would like to do the same thing for 08.
If this is possible then I would be able to put 59k for TSP for 07 and 08. Can somebody help me with this? Please provide reading materials for me to research. IRS reading materials are not that concrete within this subject as well.
***Thanks a bunch***
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Mon Jul 17, 2006 1:56 am |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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quote:
Originally posted by muneepenee
1. wot iz "TSP"?
Don't worry about it...nobody can understand you anyway.
HEYA BONG!
Where did you get the $44K figure?
I would call the TSP office...their system may not be able to handle such a thing...it may cut you off at $15k automatically, regardless of tax law.
Don't forget about another option available to you: SDP. 10% return with ZERO risk. (it is taxable, though, but you may be able to fanangle both SDP and TSP).
"Expect me when you see me."
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Wed Jul 19, 2006 12:22 pm |
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