as i filed in 2025, i can carryover funds back to 2015, but that's apparently not really true. i understand that they'll match the 3x contributions first and the 2x contributions second but initially assumed the algorithm was smart and they'd either carryover the 2x contributions until they get used or let me match the 2015 contributions first, then the 3x and then the 2x so that i can actually carryover the 2x from 2015. if that were the case, as i initially thought, my max contribution for 2025 would be either:
$3500 for 2015-2021, with a $10500 grant and the ability to pick the 2x for 2015 back up when the 3x runs out (that would be smartest), or;
$1500 (for 2015), with a $3500 grant, plus $500/yr for the next 7000/3 dollars, which is 2333.33, which is five years and a bit. that would $3833.33 total for 2025. under this scenario, because it's the end of the year, if i just wanted to make sure i didn't miss out on 2015, i'd just get the $1500 in as a first priority.
however, i'm realizing that what it's going to do is force me to use the $3500 for 2015-2021 and just drop the 2x for 2016 and there's no way to actually access it. as a corollary, that means i'd better get the 2x for 2016 in over 2026 or i'll lose it, too.
the new max contribution for 2025 remains $3500 and the new max contribution for 2025 becomes $500*5, for 2022-2026, plus 3000/2 is $1500, but that is $1000 from 2016 and 500 for 2017.
after that, it would continually take $500 from the current year at $1500 and then 9000/2 from subsequent years, until i'm caught up. that would mean i'd max out at $5000/yr until i run out.
for 2027, the first $500 would be for 2017 and the next $4000 would be for 2018, 2019, 2020 and 2021.
for 2028, the first $4000 would be for 2022, 2023, 2024 and 2025 and the next $500 would be for 2026.
for 2029, the first $500 would be for 2026 and the next $3000 would e for 2027, 2028, 2029. so max contributions would be decreased to $4000.
for 2030, max contributions would be $1500 at $4500.
i would consequently cash out at 10500*4 + 1500 + 8000 + 4500 = 56000 and would have some room to catch up if i miss maxing out after 2027. with the bonds, total payout is $72000.
however, i don't have $3500 and it doesn't look like i'm going to get it. i have $3375. however, i have $110 coming in on jan 5, $75 on jan 10 and $200 on jan 15th, in addition to the $408 on jan 31st and some unclear amount for the cohb in late january or early february.
i was thinking about going to money mart and taking a small loan for the remaining $125, but i'm deciding that doesn't make sense.
instead, i'm going to just put $3200 in for 2025 now and the other $300 in early in the year. the difference would be a few days of interest.
i can still max out 2026 by adding $300 (for 2021 )plus $2500 (for 2022, 23, 24, 25, 26) plus (10500 - 2800*3)/2 = 1050 (for 2016, 2017) to max out at 2800*3 + 1050*2 = 10500. that would be 3850.
i would then max out 2027 by adding $950 for 2017, $3000 for 2018,19,20 and $550 for 2021.
i would max out 2028 by adding $450 for 2021, $4000 for 2022, 2023, 2024, 2025 and $50 for 2026.
i would max out 2029 by adding $950 for 2026 and $3000 for 2027, 2028, 2029, for $3950
2030 would still be $1500 to max out.
(i fell asleep at around 5:00 this morning and woke up around 11:30)
the esdc will send me something at the start of the year to verify, but i want to put that aside, as i'm pretty sure it's correct. today, i want to call esdc to verify, then call national bank to start the transfer process.