The Thrift Savings Plan (TSP) is meant to be a huge source of retirement income for federal employees. The FERS retirement system is based on three different sources of income – • FERS annuity • Social Security • Thrift Savings Plan As you can see the TSP is suppose to make up a third of … Read more
The TSP added a Roth option in 2012, but for many, there are still more questions than answers. The Roth TSP is primarily a tax consideration. It is not a new investment option. Money goes into a Roth on an after tax basis – meaning you pay taxes on the money and then it goes … Read more
Caveat-These are not in the order of importance 1. TSP contribution limits for 2016 remained at $18,000 plus $6,000 catch-up contributions for folks over age 50. This calculates to $692.31 per pay period and $230.77 per pay period, respectively. If you make your adjustments part way into the year, your contribution will be more each … Read more