A TSP offers savers an upfront tax deduction on their contributions and tax-deferred investing. There are several ways to invest in a Thrift Savings Plan. These can include:12 Automatic payroll contributions Agencymatching contributions Tax-deferred contributions in a traditional TSP (withdrawals are ...
72. TSP YTD DEDUCTION: This is the dollar amount of TSP contributions made so far this year. 73. DEFERRED: Total amount of TSP contributions that are deferred for tax purposes. 74. EXEMPT: Total amount off TSP contributions that the IRS sees as tax exempt. ...
If the fees for that state’s plan are particularly high or if they are abottom-ranked plan, consider doing a trustee-to-trustee transfer to move the 529 funds over later. That way, you still get the state tax deduction upfront and then lower ongoing investment costs in the other ...