Another great deployment TSP contribution benefit is the ability to exceed the $22,500 annual contribution limit. If you max out your Roth TSP, your additional contributions will go into your traditional TSP account. The IRS will classify these traditional contributions astax-exempt contributions. Th...
the agency you work for deposits 1% of your basic pay into your TSP. On top of that, you have the option of making additional contributions, which your agencywill match(up to 5% of your pay).89
Martin Beck
According to the U.S.Bureau of Labor Statistics (BLS), when workers are unemployed, their families lose wages, and the nation as a whole loses its contribution to the economy in terms of the goods or services that could have been produced.1 Unemployed workers also lose theirpurchasing power,...
Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and creating content related to personal finance and financial literacy. Paulus has a bachelor's degree in English from the University of St. Thomas, Houston. He enjoys helping people from...
Additionally, members of Congress enjoy the sameThrift Savings Plan (TSP)as all other federal employees, which is similar to a401(k). Congressional contributions are matched up to 5% of salary per year, in addition to an extra 1% giveaway regardless of how much the congressperson contribute...