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O-1 Budget in Flight School

Tycho_Brohe

Tycho_Brohe

Well-Known Member
pilot
Contributor
Tycho_Brohe said:
On top of that, if you've already maxed out your TSP contributions ($17.5k), you can still contribute tax-exempt money earned via the Combat Zone Tax Exclusion, in which case it's subject to the annual additions limit ($51k last year, including the $17.5k from non-tax-exempt pay).
https://www.tsp.gov/PDF/bulletins/oc08-13.pdf
Click to expand...
Just realized, I forgot to caveat this. Any money you want to contribute under the CZTE must go into the traditional TSP, not the Roth. So of that 51k, you can only put 17.5k of it into a Roth, the rest goes into the traditional. So it'll get taxed when you withdraw it, but at least it'll grow tax-free until then.
 
B

Bluecore

Well-Known Member
Hey guys, this seemed to be the most appropriate place to put the question since some relatively recent O-1s are here, and perhaps some or many of you did this.

It's about the USAA Career Starter Loan. Does anyone know what the rate and max loan amount is for people out of OCS these days? On their website they have the info posted for Academy grads, but from what I understand those numbers are different for people out of OCS.

Thanks in advance.
 
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