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Post by aljsouth on Jun 27, 2008 16:30:19 GMT -5
Most places want you to show ID. You will be getting this from the agency. Carry it on trips.
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alj2
New Member
Posts: 2
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Post by alj2 on Jun 30, 2008 18:06:26 GMT -5
TSP -- put the maximum in every year if you possibly can afford it, but spread out the contributions so they are in each pay period; that way you take full advantage of the government's matching contribution which is limited to an amount per pay period. If you max out contributions earlier in the year, or worse, don't max out your contributions, you are leaving money on the table.
A note of caution: if you are coming from private employment and were fortunate to have a 401k plan, make sure that your total contributions for 2008 (i.e., contributions to your old plan, plus contributions for the rest of the year to the TSP) do not exceed the maximum allowed tax free for the year. Your overpayments will be paid in already taxed dollars, which defeats the whole benefit of the 401k (plus you will be taxed again when you take the money out in retirement!!). Because you are contributing to two plans, in amounts to each that are below the maximum tax free amount for the year, neither plan will know or tell you that you've hit the max, but the IRS will know.
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Post by skibum on Jun 30, 2008 21:03:16 GMT -5
ALJ2 said "TSP -- put the maximum in every year if you possibly can afford it, but spread out the contributions so they are in each pay period; that way you take full advantage of the government's matching contribution which is limited to an amount per pay period. If you max out contributions earlier in the year, or worse, don't max out your contributions, you are leaving money on the table."
I agree, but one additional fact I did not realize until last week was that new federal employees have a waiting period of roughly six months, give or take, before the matching contribution begins. The most the government will match thereafter is 5%.
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