TSP Matching Explained

[@sakurabahfan]

Thanks for the information, the video was great. I am curious why does the light keep flickering?

[@FederalRetirementPlanning]

Not sure how I never noticed that. And I have no idea why it’s doing it

[@coastallivingmississippi188]

I work for the government and I have TSP and I put mine in the Roth option. I don’t wanna pay taxes later. I’ll pay the taxes now so do the wroth option that’s always the better way to go.

[@deesvintage1282]

Great video

[@karenflorence5998]

I am contributing 15% but when I look at my TSP statements it shows no agency match. Why is that? I am showing 0 for agency match every month and I am not understanding. Who should I contact because TSP reps could not help me

[@FederalRetirementPlanning]

If you are a full time FERS employee you are getting the match. You should easily be able to see it on your annual or even quarterly statement.

[@alrocky]

Are you US military under BRS and less than 2 years enlistment or civilian under FERS?

[@ArturKSMR]

Started contributing last year in august, finally I see them starting matching me just right now at least 1%, hopefully I'll get my 5% matched in back pay. DFAS take forever.

[@alrocky]

If enlisted recently you're BRS and receive 1% automatic match after 60 of service plus 4% match after 2 years service.

[@jaredsmith6396]

I know this is an older video, but how would it work in retirement if I am contributing 5% to my Roth tsp and getting the 5% matched into my standard tsp. When I start withdrawing how does the taxable income get separated from the untaxable?

[@FederalRetirementPlanning]

you would have 2 separate parts and then choose which one to take your distribution from

[@TheSushiandme]

Im confused, do i do 4% and agency 1%? Or do i have to do 5%?

[@FederalRetirementPlanning]

U need to do 5%

[@TheSushiandme]

@FederalRetirementPlanning thank you. I just submitted for 5%. 😀

[@iangavin631]

At the end of the video where you talked about Roth TSP contributions. Do you get a bigger or smaller match when you contribute via Roth vs. Traditional.

[@FederalRetirementPlanning]

There is no difference. If u contribute 5% to either then your match is 4% along with the automatic 1% contribution

[@alansmith-x7s]

One more question... to my understanding we can only contribute to TSP while in service, however if we retire will there still be contributions to TSP taken out of our income from pension payments? Thank you and I apologize for any inconvenience.

[@FederalRetirementPlanning]

No, contributions aren’t allowed in retirement

[@alansmith-x7s]

If i started out with traditional TSP and later switched to Roth TSP, will i only pay the taxes later on the amount that i put while under tradition TSP? Is there a way to "roll over" that money from traditional funds into Roth funds so that way i don't have to worry about any taxes in the future? Would the funds fall in two seperate categories? I hope my question(s) makes sense. I don't know exactly how this would work.

[@FederalRetirementPlanning]

No, TSP doesn’t allow in plan conversions so doing one isn’t an option until u separate from service or turn 59.5

[@Alexander-Aurelius]

You spoke that 1% is automatically contributed. I have never seen any contribution before or after i started contributing. TSP ROTH option, by the way. I'm not alone in this as several of my peers, who contribute more, are not seeing any matching contributions. Can you please explain this and how to correct the issue?

[@FederalRetirementPlanning]

It’s happening. All full time FERS employees receive the 1% automatic and the match if u contribute 5%. matching contributions always go to traditional

[@Alexander-Aurelius]

@@FederalRetirementPlanning How can this be viewed or verified? No statement has shown this.

[@FederalRetirementPlanning]

@@Alexander-Aurelius u should see it on your statement.

[@Alexander-Aurelius]

@FederalRetirementPlanning My statement for the year 2023 confirms 0% Employer contribution. Now, can you explain this? How it came to be, possibly? And how one could rectify the issue. Again, I'm not an anomaly, as I have several friends with the same question.

[@FederalRetirementPlanning]

@@Alexander-Aurelius I'm not sure, never seen it happen for a full time FERS employee. I would start with your HR dept

[@tubtaf]

So are you saying if I reach the annual max, then the govt won’t match?

[@FederalRetirementPlanning]

Yes, if u max TSP out prior to year end then u will not receive matching the rest of the year

[@305dadecounty305]

​@FederalRetirementPlanning So how would you calculate this so I can distribute this through 27 pay periods?

[@FederalRetirementPlanning]

@@305dadecounty305 you just have to calculate how much to put in through the end of the year and you will get your match as long as you do at least 5%

[@JayAttys]

How do I activate the automatic contribution?

[@FederalRetirementPlanning]

you activate it by contributing 5%

[@DrWat65]

If I reach the maximum for the rest of the year, what can I do with the money I would either wise contribute? Put into a separate/outside investment account?

[@FederalRetirementPlanning]

Absolutely. Start a Roth or just a brokerage account. you also want to try to avoid maxing it out before the end of the year so that you get all of your matching

[@mattsidbury3414]

If I plan to put 5% in just to get the matching but I set it all to Roth, I now understand that the government’s matching goes to traditional. However, if I want to open up my open TD Ameritrade SEPERATE Roth retirement account, do I have to include the matching 5% is going into the traditional TSP?

[@FederalRetirementPlanning]

Think of your Roth IRA completely separate from your TSP. The two are independent of one another and have their own rules and limits.

[@fixerdrew02]

So if your salary were $500,000, they would match up to the yearly limit??

[@FederalRetirementPlanning]

no fed has a salary that high, but theoretically you could put 25k in if you were over age 50 and they would match with 20k as long as it was done per pay period throughout the year

[@fixerdrew02]

@@FederalRetirementPlanning of course. It’s a hypothetical. But bottom line is the Fed matched amount should go up each year with cost of living raises and step. Thats…kind of amazing

[@FederalRetirementPlanning]

@@fixerdrew02 yes, the dollar amount should go up

[@kanwaljeetgill1064]

@@FederalRetirementPlanning the max contribution is $30,500 if you're over 50 for the 2024 year. Can I contribute $30,500 and get a matching 80% from the gov (which would go way over the $30,5000 limit) or does the $30,500 limit apply to my contribution + gov match (keeping me at $30,5000)? Thx

[@FederalRetirementPlanning]

that is your contribution. If you salary is 100k then the govt would put in another 5k @@kanwaljeetgill1064

[@febeng5698]

Hi thanks for the useful information. Just to clarify if I only contribute 5% into my Roth tsp and none into my regular tsp then they will match a total of 5% still since I am doing a total of 5%? Also I have another question though. If I'm contributing 5% in my regular TSP and 5% in my ROTH tsp do they match 5% for each of your contributions (for a total of %10) or do they only do a total of 5% total matching? Thanks again I've subscribed & liked your content

[@FederalRetirementPlanning]

Yes, your matching will go to regular TSP, 5% total.. Matching is a total of 5%. They don't differentiate on where your contributions go for you to get the 4% match and the 1% automatic for a total of 5%.

[@jayviermendiola]

agency auto 1% plus the 4% matching are 100% traditional & not roth. You cannot change where it's invested (it will not go into roth investments ever).

[@melsrandomlife]

Do you know if the government matches 5% for guard and reserve members who have TSP accounts?

[@FederalRetirementPlanning]

I’m not real familiar with Guard retirement but I don’t believe that u get matching

[@oscararchaga9660]

I’ve been contributing for a year and I don’t see anywhere where the %5 is. I contribute 15% a month but I don’t see any money from the army

[@FederalRetirementPlanning]

the 5% is for civilian employees under the FERS system. The old military system does not have any matching

[@alrocky]

Did you enlist after 2018 and have you been in military service for at least 2 years?

[@alrocky]

@@FederalRetirementPlanning "5% is for civilian employees under the FERS system" US service members under Blended Retirement System [BRS] receive *5%* DoD match.

[@FederalRetirementPlanning]

@@alrocky agreed, that’s y I said the old system doesn’t get matching

[@lgambis]

do you have any videos on how the catch-up contribution works?

[@FederalRetirementPlanning]

I don't. It is basically just and extra $6500 that you can starting in the year you turn age 50

[@JordonL480]

Atta boy Petey!

[@tokn6114]

who should i add as a beneficiary? also im adding 7% roth would u think thats a good contribution

[@lahfulton6116]

What if put in 3%...

[@jonaholivan3128]

If im contribute 10% in my roth tsp will the federal government match my roth or only for traditional tsp?

[@FederalRetirementPlanning]

Yes, but the matching always goes to traditional TSP

[@Liberator182]

Your 5% matching would be less if you're a reserve/guard soldier right?

[@alezyvette6331]

Sorry if I missed this, but can I still get the "Employee Match" if I am contributing 15% of my base pay to the *Roth TSP*? I have my Traditional TSP open, but am not making any contributions since all of my contributions are going into my Roth. However, I still want to receive that match capability.

[@FederalRetirementPlanning]

yes, you will still receive your matching if you contribute to Roth TSP

[@ZillaNation84]

Yes...just remember the government matching portion also goes into the traditional TSP even though doing the Roth TSP

[@nickmalize]

Where do I find the TSP match? I have a roth IRA, and I do not see a match, or anywhere to find a traditional TSP where the match would go

[@FederalRetirementPlanning]

it will show on your statement. As long as you put 5% into either Roth TSP or traditional then you will get 5% from your agency that will go in your traditional

[@nickmalize]

Thank you- I can’t see a traditional TSP though? Which is where I’m assuming the match went. Also on my statement I don’t see any matching agency contribution, which is a bit odd. I would like to direct which fund I’d like the agency contribution to go to. For context - I was previously a GS employee with a traditional TSP , which I maxed out every year so I declined my National Guard TSP. However , now that I don’t work for the government , I opened my Roth TSP through national guard. And I’m not seeing a matching contribution. Let me know if you have any idea what’s going on! Thanks !

[@FederalRetirementPlanning]

@@nickmalize ahhh, military does not receive matching. Only civilian federal employees

[@sergiobarrios2972]

They are supposed to be matching your 5% currently in the navy

[@nickmalize]

Yes. If you joined after Jan 1 2018 you are automatically in the blended system or if you opten into it as well. I’m confused with my situation. Going to look into it.

[@TheMexicanbeAwesome]

Gsp?

[@CurtisDJunior]

😏

[@bradbobb3835]

Hi