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Thread: 100% base pay?

  1. #13
    OMA
    OMA is offline TSP Starter
    Join Date
    Jan 2006
    Posts
    42

    Default Re: 100% base pay?

    Quote Originally Posted by NWC07 View Post
    I see that this is an option for electing 100% base pay for my TSP. Would this cause any red flags if I were to choose this option? I prefer to invest the full $16500 in the first few months of the year to maximize gains....
    No problems. I did it - just make sure you stop the TSP election before you go over the $16.5k.

  2.  
  3. #14
    domingo3 is offline TSP Starter
    Join Date
    May 2006
    Posts
    76

    Red face Re: 100% base pay?

    Actually, you don't have to stop the election. It automatically stops contributions once you hit the limit, and then starts back up in January. I was able to hit the limit for a couple of years (2003&2004). They didn't have catch up contributions back then, though. The military knows how old you are but I'm not sure if that info is fed into the pay system. Test it out again and see if it works. There's so few people in the military eligible for catch up, I doubt they modified the system for it.

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  5. #15
    OBGibby is offline Team TSP
    Join Date
    Dec 2008
    Posts
    532

    Default Re: 100% base pay?

    Quote Originally Posted by OMA View Post
    I've been a few hundred dollars short of the $16,500. Never hit it on the head. Too worried about going over.
    You won't go over. It gets caught automatically on that last pay period and adjusts downward your contribution to keep you within the $16,500. At least that's been my experience.

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