2024 TSP Contribution Limit Predicted to Increase
Recent estimates project that the 2024 TSP annual contribution limit will increase to allow federal employees to save more for retirement.
If you are a federal employee, you may be wondering how to plan for your retirement and make the most of your Thrift Savings Plan (TSP). The TSP is a tax-advantaged retirement savings plan that allows you to invest in various funds and options, depending on your risk tolerance and goals. On this tag page, you will find articles and resources that will help you understand the benefits and features of the TSP, as well as tips and strategies to increase your investment returns and secure your future income. You will also learn about the latest news and updates on the TSP performance, fees, withdrawals, and more. Whether you are just starting your federal career or are near retirement, these articles will provide you with valuable information and guidance on how to make the best use of your TSP.
Recent estimates project that the 2024 TSP annual contribution limit will increase to allow federal employees to save more for retirement.
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Federal employees making at least $145,000 may be able to accumulate more for their future retirement starting in 2024 via catch-up contributions to the TSP.