WebThe 2024 IRS annual limit for regular TSP contributions is $22,500. If you are covered by the Federal Employees Retirement System (FERS, FERS-RAE, or FERS-FRAE), you will lose … WebJun 10, 2024 · Thrift Savings Plan (TSP) The Thrift Savings Plan (TSP) is a tax-deferred retirement savings plan offered to federal employees. It is similar to a 401(k) plan in the private sector. This retirement plan allows employees to allocate any percentage of their assets to whichever funds they choose. Contributions are matched up to 100%.
1. Definitions and Other Important Things to Understand Note for …
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How to Invest in the Thrift Savings Plan (TSP) - The Balance
WebJan 14, 2024 · TSP Matching. Federal agencies can make a matching contribution up to the combined limit of $58,000 or $64,500 with the catch-up contribution. If you contribute the … WebOct 24, 2024 · That's right: Once your TSP contributions reach the annual maximum contribution limit, finance will stop them. That means that the matching funds will stop. … WebThe Thrift Savings Plan (TSP) is a retirement savings and investment plan. It is an essential part of FERS and a great supplement to CSRS.. Changes in your contributions are made in myPay.Changes to your allocations are made through TSP Account Access or by calling the ThriftLine (1-877-968-3778).. Additional Information. Plan Participation; Investment Funds describe the medical treatment for a seizure