Advertisement
TSP Contribution
The Internal Revenue Service (IRS) set annual contribution limits for all Qualified Plans (Defined at a plan that is eligible to receive certain tax benefits as defined by the Internal Revenue Code and also for the exclusive benefit of either employees or their beneficiaries). Be sure to be aware of these contribution limits and the possibility of them changing in the future. Remaining informed of vital information is crucial to ensuring your retirement proceeds securely and comfortably. Remember: there is no such thing as being over prepared!
Advertisement
Current Year Contribution Limits Are;
2014 Contribution Limits;
Under 50 Years of Age: $17,500
Total for those 50 Year of Age and Older: $23,000 ($17,500 + $5,500)* People over the age of 50 are allowed to contribute an additional $5,500 in the form of a ‘Catch-Up Contribution.’
Advertisement
Get In Touch
Search for Public Sector Retirement Expert.
Receive the Best advice.
PSR Experts can help you determine if Public Sector Retirement is right for you or if you should look for alternatives.
The Best Advice creates
the best results.
Advertisement
Free Download E-Book
Recent Articles
Learn About Health Insurance Options for Federal Employees
Key Takeaways:
The Federal Employees Health Benefits (FEHB)
Making the Hard Decision: Should Federal Employees Consider Early Retirement?
Key Takeaways:
Deciding on early retirement as a
List of the Top 8 Things Retirees Usually Don’t Need
Overspending in the first few years of retirement can
Navigating the Final 1-3 Years of the Fed Life Cycle Before Retirement
Let’s share some advice for federal workers who
