For 2023, the annual limit is $22,500 for a TSP (with a catch-up contribution of $7,500 for those over 50, the limit is $30,000); for an IRA, it is $6,500 ($7,500 if you are over 50).13 Employer Matching Another big difference is in the employer match. The federal gove...
The TSP is available to both civilian Federal government employees as well as military servicemembers, and those who have left service can choose to maintain their TSP accounts (though they can no longer make contributions). While many features of the TSP (e.g., Roth contribution opt...
Each year, the IRS sets new maximum contributions, known as the IRS elective deferral limit. You can view this year’sThrift Savings Plan contribution limitsonline or consult the Office of Personnel Management. For 2024, the IRS elective deferral limit is $23,000 in regular contributions and $...
The Congressional Budget Office (CBO) released astudyshowing the impact the TSP auto-enrollment (AE) program had on plan participation, contribution as a percentage of salary and other factors. The results were positive across the board. This table covers the period just prior to and just after...