Thread: TrueHonest's Account Talk

My prediction is the Dow will reach 12,300 by the end of the next three months. Snort.

Only a few elite people know that participants of TSP can contribute the limit of IRS of $15000/yr for 2006. A lot of people I know think that they can only contribute maximum of 15%. Now you know the truth
_______________________________________

Qualification: I am just lucky (ooorrrr) maybe not?

1. Put contribution in TSP Retirement since 1987
2. I got out from C fund to G fund 4 months before the market crash in 2000.
3. 2003 ==> between 4 % and 9 %. I am not really sure. Lost data.
4. 2004 ==> 9.66 %
5. 2005 ==> 8.69 %
6. 2006 ==> 6.53 %

100% G FUND SINCE AUGUST 4,2006

Only a few elite people know that participants of TSP can contribute the limit of IRS of $15000/yr for 2006. A lot of people I know think that they can only contribute maximum of 15%. Now you know the truth
_______________________________________

Qualification: I am just lucky (ooorrrr) maybe not?

1. Put contribution in TSP Retirement since 1987
2. I got out from C fund to G fund 4 months before the market crash in 2000.
3. 2003 ==> between 4 % and 9 %. I am not really sure. Lost data.
4. 2004 ==> 9.66 %
5. 2005 ==> 8.69 %
6. 2006 ==> 6.53 %

Don't forget the extra $5,000 for catch up over 50.

100% G FUND SINCE AUGUST 4,2006

Employees do not have to be over 50 to put extra $5000 for their catch-up TSP contribution. As long they put less or equal to the limit of IRS which is $15000, then it is okay. Now you know the truth
_______________________________________

Qualification: I am just lucky (ooorrrr) maybe not?

1. Put contribution in TSP Retirement since 1987
2. I got out from C fund to G fund 4 months before the market crash in 2000.
3. 2003 ==> between 4 % and 9 %. I am not really sure. Lost data.
4. 2004 ==> 9.66 %
5. 2005 ==> 8.69 %
6. 2006 ==> 6.53 %

With the $5,000 over 50 catch up the IRS limit becomes $20,000. Age has its benefits. I also get discount movie tickets.

Originally Posted by TRUEHONEST

100% G FUND SINCE AUGUST 4,2006

Employees do not have to be over 50 to put extra $5000 for their catch-up TSP contribution. As long they put less or equal to the limit of IRS which is $15000, then it is okay. Now you know the truth
_______________________________________

Qualification: I am just lucky (ooorrrr) maybe not?

1. Put contribution in TSP Retirement since 1987
2. I got out from C fund to G fund 4 months before the market crash in 2000.
3. 2003 ==> between 4 % and 9 %. I am not really sure. Lost data.
4. 2004 ==> 9.66 %
5. 2005 ==> 8.69 %
6. 2006 ==> 6.53 %

Yes they do. You can put in only $15,000. Then, if you are over 50, you may contribute another $5,000 to make it $20,000.

Good move in 2000. But then it cost you in 2003 and 2004. In 2003, the stock funds averaged about 36% and then in 2004 they averaged over 16%. Looks like you got back in a groove last year.

Dave
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[quote=TRUEHONEST]

Employees do not have to be over 50 to put extra $5000 for their catch-up TSP contribution. As long they put less or equal to the limit of IRS which is $15000, then it is okay. Now you know the truth
_______________________________________

The truth as I know it is:
1.You must turn 50 in the year that you begin catch-up contributions.
2. You must certify that you will indeed max out your regular contribution amount by the end of that year.

Catch-Up Contributions

(I was over at the TSP site reading about this)

1. TSP has a Catch-Up Contribution program going. What caused it?
2. You have to be 50 or older. Minimum: your about 50 and plan to retire in about 15 years?
3. You are already making regular contributions. Right?
[I'm missing something here]
Now we make supplemental contributions for years, thousands of dollars from our base pay?....
This Catch-Up has me....

100% G FUND SINCE AUGUST 4,2006

I'm bad. My mistake.
Guys, your right about the contribution. $15000 + $5000 = $20000 maximum for 2006.
Thanks for correcting me. Keep up the good work.
My intention is good when I posted about maximum contribution. A lot of people I know still contributing of maximum of 15% because they did not know better.

This website will tell you (who wants to know) more about catch-up contribution & max contribution. Now you know the truth
http://www.tsp.gov/forms/oc03-03.pdf

_______________________________________

Qualification: I am just lucky (ooorrrr) maybe not?

1. Put contribution in TSP Retirement since 1987
2. I got out from C fund to G fund 4 months before the market crash in 2000.
3. 2003 ==> between 4 % and 9 %. I am not really sure. Lost data.
4. 2004 ==> 9.66 %
5. 2005 ==> 8.69 %
6. 2006 ==> 6.53 %

Ift Cob - 100% I; Biting my nails........... (both hands)

_______________________________________

Qualification: I am just lucky (ooorrrr) maybe not?

1. Put contribution in TSP Retirement since 1989
2. I got out from C fund to G fund 4 months before the market crash in 2000.
3. 2003 ==> between 4 % and 9 %. I am not really sure. Lost data.
4. 2004 ==> 9.66 %
5. 2005 ==> 8.69 %
6. 2006 ==> 7.40 %