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
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.
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
Recent Articles
Federal Retirement Tips for 2024—How to Get the Comfortable Future You’ve Been Working Toward
Key Takeaways
Proper planning and understanding federal benefits
Considering Early Retirement as a Federal Worker? Here’s What You Should Be Thinking About Before Taking the Plunge
Key Takeaways:
Early retirement as a federal worker
Here’s How You Can Calculate Your FERS Annuity
Key Takeaways
Calculating your FERS annuity is essential
Let’s Have a Look at Roth IRA for Kids: Setting Up a Custodial Roth IRA
Key Takeaways
Setting up a custodial Roth IRA
