Page 2 of 2 FirstFirst 12
Results 13 to 15 of 15

Thread: Help! Alottment rejected - don't want to miss a month contributing

  1. #13

    Join Date
    May 2011
    Location
    Florida
    Posts
    1,549
    Blog Entries
    6

    Default Re: Help! Alottment rejected - don't want to miss a month contributing

    Domingo,

    First off, thanks for posting your experiences with Roth/TSP/MyPay here for everyone to read. It certainly has been educational for me. Now for that question. In one of your posts you mentioned changing your traditional TSP contribution from 0% to 1%. Is this required for Roth contributions? I'm currently in the process of switching from traditional to Roth. I don't mind adding the 1% -- I just want the transition to be as smooth as possible.

    Thanks

  2.  
  3. #14

    Join Date
    Apr 2005
    Posts
    14,126
    Blog Entries
    12

    Default Re: Help! Alottment rejected - don't want to miss a month contributing

    Quote Originally Posted by domingo3 View Post
    ...I called DFAS, and they told me that I do have a contribution going to Roth, but they think it might be a programming error that doesn't allow me to see it. They said the work-around to get the software to differentiate the two is that Roth TSP is actually an "invisible allotment to Chase Manhattan Bank".
    ....
    I am still interested in that particular issue.

    As Mr. Spock would say, I find that "Fascinating.".

    imagesfasc.jpg

    By now you should have access to the END OF YEAR TSP STATEMENT which SHOULD list all the values of both Roth and traditional TSP at the end of December.

    Please log in to your TSP account, and let us know- did it all turn out correctly by the end of year? Or did that "invisible allotment at Chase Manhatten Bank" suck up all your money?


    Inquiring minds want to know!

  4.  
  5. #15

    Default Re: Help! Alottment rejected - don't want to miss a month contributing

    bmneveu -

    No a traditional TSP contribution is not required to do the Roth. There used to be some kind of warning on MyPay that said if you put basic pay contribution to 0%, it would stop all TSP contributions, and I was worried that with them still working the kinks out of the system, that it might accidentally turn off my Roth contributions. For January, I have adjusted it to 0% to traditional TSP, and my Roth contribution is still being taken out, or at least it appears to be based on my midmonth pay.

    James,

    Yes, the money did go to Roth TSP as it should. The system is making marginal improvements. When I look at my allotments in MyPay, it says I have three, but only lists two. I'm assuming it's because of the "invisible allotment" software workaround. When I look at the TSP section now, it correctly shows the amount that is being deducted for the current month. Previously, there was a one month lag in what is showed.

    On my November and December LESs, there is no box for Roth TSP. It is listed under the "Allotments" column. My traditional TSP contribution was listed under "Deductions"

    There's still something funny going on with the system accepting changes to contributions. I should have kept a log of what I input and exactly when, but here is the jist of it:

    01 December, I entered $X for Roth TSP contribution. The system says that this amount will be effective 01 January 2013.
    mid December, I changed my mind and entered $Y for Roth TSP contribution. The system now accepts this and says this amount will be effective 01 January 2013.

    I checked back on MyPay several times throughout the remainder of December, and it says $Y to Roth TSP will be effective 01 January 2013.

    Once January rolls around, the system displays $X and my midmonth pay reflects the same (not $Y).

    I'm thinking that maybe the system will accept the first change you enter for the next month, and ignore any further changes, or maybe there's something else going on that's causing a lag in response. At least now, I have the rest of the year to figure it out. I just want to get it figured out so that I don't accidentally go over the annual limit if it doesn't make changes like I think it should.

  6.  
Page 2 of 2 FirstFirst 12

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
SPY (C Fund) (delayed)
Help!  Alottment rejected - don't want to miss a month contributing
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
Help!  Alottment rejected - don't want to miss a month contributing
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
Help!  Alottment rejected - don't want to miss a month contributing
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
Help!  Alottment rejected - don't want to miss a month contributing
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes