A thrift savings plan (TSP) is a defined-contribution retirement plan with advantages similar to private-sector plans, such as a 401(k). TSP Investment Options The TSPoffers a choice of six fundsand amutual fundoption: The Government Securities Investment (G) Fund ...
Contribution Limits: You cancontribute up to $23,000 per year in the TSP for 2025(or $30,500 if you’re 50 or older). 2025 Roth IRA contributions are permitted up to $7,000 per year (or $8,000 if you’re 50 or older). Minimum withdrawal age:TSP account owners must be 59 1/2...
The Roth TSP contribution limits will be the same asall TSP contribution limits, regardless of whether you invest in the Roth option or the traditional option. It is important to note that the Thrift Savings Plan contribution limits apply to your entire TSP account. So if the annual contributio...
The Roth TSP contribution limits will be the same asall TSP contribution limits, regardless of whether you invest in the Roth option or the traditional option. It is important to note that the Thrift Savings Plan contribution limits apply to your entire TSP account. So if the annual contributio...
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...
As a defined contribution plan, the retirement income a participant receives from the TSP depends on how much they (and the employee’s agency, if eligible to receive agency contributions) put into their account during the years of federal service — plus the accumulated earnings over that time...
Over time, even small, regular contributions to your retirement account can yield big payoffs.This articlecovers more information about maximizing your TSP plan. Keep in mind that there are annually established contribution limits for TSP accounts. In 2024, individuals can contribute up to $23,000...
However, you can’t use TSP loan proceeds to exceed the Internal Revenue Code’s IRA contribution limits. Essentially, if you have the cash flow to max out all your contributions, you could take a TSP loan, then repay it back. But you’d have to put the TSP loan proceeds into an aft...