Federal Employee Information Partnership
TSP Contributions The IRS has raised the standard investment limit for the TSP and other 401(k) type retirement savings plan to $20,500 for 2022, up from the current $19,500. The Catch-Up maximum has not been announced. ROTH contributions The maximum amount you can contribute to a Roth IRA for 2022 is $6,000 if you’re younger than […]
IRS Announces 2022 TSP Contributions Increase Read More »
As a government employee, your federal benefits are among some of the best in the United States. Not only do you get comprehensive health coverage, but you’re also eligible for low to no cost life insurance, flexible spending accounts, and a host of other benefits. However, as you near retirement, you may find yourself asking
What Happens to Your Federal Benefits When You Retire? Read More »
For federal employees, the Thrift Savings Plan (TSP) is an invaluable piece of the retirement puzzle. After all, the “agency matching” that your employer provides essentially means you’re getting free money on top of what you are already contributing on your own. On the surface, managing your TSP so that you’re maximizing your benefits seems
The Top 5 Considerations For Proactive TSP Management Read More »
In 1986, the Federal Employees’ Retirement Security Act established a new qualified retirement plan known as the TSP or Thrift Savings Plan. Similar to a 401k, this plan is offered to federal employees and members of the armed forces. Today, many federal employees find themselves with questions about their TSP. These questions include the benefits
What is a TSP (Thrift Savings Plan)? And What Does It Do? (Your How-To Guide) Read More »