TSP Megathread 2021 - Thrift Savings Plan, BRS, Retirement, Roth vs Traditional, IRA vs TSP, Etc

[abidingpatri0t]

@provisoire619 L Fund expense ratios are just the expenses of the underlying fund. So yes, if you like the L Fund allocation, go with that.

 

[perksyshirl61]

@abidingpatri0t Seems like a silly question, but when you say max your personal IRA while deployed, how is that money tracked as tax free contribution? Does it get tracked in that way when you file taxes the following year? Am I missing something bigger?

 

[kitty346]

@perksyshirl61 While in a combat zone, your military pay is listed as tax free and won’t be included in Box 1 of your W-2. As a result, there is no tax withholding at the time you get it, and it is not included on your tax return when you file.

 

[perksyshirl61]

@kitty346 Copy, tracking that piece and Thank you! I found the flaw in my logic that led me to ask that question

 

[dbrooks1979]

@abidingpatri0t In the first paragraph under deployments, I think you might have meant "not optimal" for the trad tsp? Sounds like an omitted word.