For 2023, you can contribute up to $22,500 of pretax income to a 401(k). If you are 50 or older, you can contribute another $7,500 in catch-up contributions. The amount of money added to a 401(k) account by you and your employer combined cannot exceed the lesser of: In 2022...
The TSP is a defined contribution plan. This means the retirement income you receive from your TSP account will depend on how much you contribute during your working years, as well as the earnings that accumulate over that time. You can effectively use your TSP in any tax bracket, as long ...