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@christiscoming Also, his wife did about 16-18 years active duty and then transitioned to the reserves for quite a few years to earn her pension. So he’s seen both sides. He is a great resource.

@yorkslad At 62, you’ll have full access to all of your retirement accounts anyway. So you’re just losing out on the tax benefits by investing in a taxable account. If you plan to retire much before 59.5, it’s good (but not entirely necessary) to have a taxable account to draw from. That said...

@onekrissy1 Our firm has seen at least two of these already. Contact DFAS and they’ll send a corrected W-2.

@snapdragons_ If you contribute Traditional dollars to the TSP and Traditional to the 457, yes, you’d be lowering your taxable income even further. For 2024. But consider the long-term effects as well. If you stuff your Traditional accounts super full, you’re going to face hefty RMDs in the...