Originally Posted by
Pill
Has any one done this or heard of it?
MEA Calculation
This is for me, not every one would be the same so don't just do this with out consulting with some one who knows.
1. Increase FEDERAL EXEMPTIONS from 0 to 4 total. DO NOT CHANGE STATE EXEMPTIONS. DO not change MARRIED status.
2. Increase TSP contributions from 12% to 19%.
3. Net loss on bi-weekly pay is $ 12.62 +/- a few dollars.
According to the one that told me about this based on my scenario of pay and filing status I can increase my TSP by 7% just by changing my exemptions and only have a very minimal loss of pay.
Has any one else done this?