By Mike Miles
February 29th, 2012 | Uncategorized
Q. I’m in FERS with about 15 years until I’m eligible for retirement. When I increase my TSP contribution, my taxable income is reduced and the amount of federal tax withheld is obviously reduced as well.
Al R Says:
May 25th, 2012 at 3:46 am
You’re looking at investing the wrong way. You want to retire with as much money as possibel which means you should invest money now as your income and budget allows. Endeavor to max our TSP account every year and your IRA too.
In answer to your question, look at your salary and marginal tax rate and do a little math (subtration) to see what’s the lowest (google) tax rate you can get to.