From the category archives:

TSP

Thrift Savings Plan Begins Automatic Contibutions for New Employees

The Thrift Savings Plan (TSP) recently announced it will begin automatic TSP contributions for new employees. Federal employees who are part of the Federal Employees’ Retirement System (FERS) and were hired after July 31, 2010 will be automatically enrolled in the TSP with an automatic contribution of 3% of their basic pay, which will be [...]

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Roth 401K for Thrift Savings Plan (TSP)

Good news for Thrift Savings Plan (TSP) participants – the Thrift Savings Plan will begin to offering a Roth 401(k) option in 2011. In June 2009, President Obama signed the the Thrift Savings Plan Enhancement Act 2009, Public Law 111-31 which gives the Thrift Savings Plan the authority to offer a Roth 401k option. It [...]

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Should You Rollover Your TSP Account Into an IRA?

If you have left government or military service in recent years, then there is a good chance you still have a Thrift Savings Plan (TSP) account in your name. Personally, I’m a big fan of consolidating financial accounts to make financial planning and management easier to deal with. But the TSP is in it’s own [...]

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Roth TSP May Be Further Off Than Anticipated

Military and government officials have been discussing adding a Roth Option for the TSP to try and bring the Thrift Savings Plan more in line with its civilian counterpart – the 401(k) plan. The benefit of offering a Roth TSP option is that Roth contributions are made with post tax salary, and withdrawals are tax [...]

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Roth Option for TSP Close to Reality

The House recently approved a measure that will add a Roth option to the Thrift Savings Plan. This feature will be similar to Roth 401k plans and Roth IRAs – contributions are made after taxes are withheld from your paycheck, and withdrawals are made tax free in retirement. The benefits of a Roth option for [...]

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2009 Thrift Savings Plan Contribution Limits

The Thrift Savings Board announced that the 2009 employee contribution limit for the Thrift Savings Plan has been increased from $15,500 in 2008 to $16,500 in 2009. If you are over age 50, you will be eligible for catch-up contributions of an additional $5,500, for a total contribution of $22,000. These changes correspond to the [...]

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2009 TSP Contribution Limits

The Thrift Savings Plan (TSP) is one of the best investment opportunities for military members. Like a civilian 40 1(k) plan, the TSP plan gives investors the opportunity to lower their taxable income by contributing tax deferred income. The money is contributed to your TSP before it is taxed, where it will grow tax free [...]

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