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Contribution changes coming to TSP in 2025

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The Thrift Savings Plan board is reminding participants about changes to contribution limits coming for 2025. Generally, TSP participants will be able to contribute a maximum of $23,500 to their accounts next year. But participants ages 50 and up can make additional catch-up contributions of $7,500. Those ages 60 to 63 can make even higher catch-up contributions of $11,250 due to the Secure 2.0 Act. As of December, there are 7.2 million accounts in the TSP, a new record high. About 155,000 of those accounts are TSP millionaires.

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1995 episode

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Manage episode 457260264 series 2447881
Konten disediakan oleh Federal News Network | Hubbard Radio. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Federal News Network | Hubbard Radio atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.

The Thrift Savings Plan board is reminding participants about changes to contribution limits coming for 2025. Generally, TSP participants will be able to contribute a maximum of $23,500 to their accounts next year. But participants ages 50 and up can make additional catch-up contributions of $7,500. Those ages 60 to 63 can make even higher catch-up contributions of $11,250 due to the Secure 2.0 Act. As of December, there are 7.2 million accounts in the TSP, a new record high. About 155,000 of those accounts are TSP millionaires.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

1995 episode

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