Re: Over Allowable Contribution for the Year - What to do?
You can have the roth outside account maxed out, plus add total of 24000 in your tsp this year too. You are fine there. what you can't do is put 24000+6500 all in the tsp. the annual allowable total for contributions is 24000 max. That includes 6000 tsp catchup. doesn't matter whether the catchup was done as roth-tp or regular tsp.
so you overdid it on the catchup in tsp by 500, as well as contributed too much to the regular tsp (6000 too much).
Here's an article you may want to read. Even if you aren't military. It spells things out pretty clearly even for us civilians.
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
Bookmarks