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Contribution changes coming to TSP in 2025
Manage episode 457260264 series 2447881
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
Manage episode 457260264 series 2447881
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
1995 episode
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