Retirement Benefits Institute
  • YOUR BENEFITS
    • FERS
      • Retirement Eligibility
      • Non-Deduction Service
      • Refunded Service
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      • Special Provisions
      • FERS Retirement Calculations
    • CSRS
      • Retirement Eligibility
      • Non-Deduction Service
      • Refunded Service
      • Military Service and Your Service History
      • Special Provisions
      • Voluntary Contribution Program
      • CSRS Retirement Calculations
    • SURVIVOR BENEFITS
      • Survivor Benefits While Working
      • Survivor Benefits in Retirement
    • FEGLI
      • FEGLI Prices Over Time
      • 5 Things FEGLI Should Do For You
    • SOCIAL SECURITY
      • Social Security Earnings Test
      • Will it be Taxable
      • CSRS and Social Security
      • Will Social Security be there for me?
    • THRIFT SAVINGS PLAN
      • Investment Options
      • Withdrawals
      • ROTH
      • Two Real Reasons to Think Roth
      • FAQs
    • FEHB
      • FEHB and Spousal Continuance
      • FEHB, Medicare, Taxes and New Self Plus One Enrollment
    • OTHER
      • Calculating Sick Leave
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  • Retirement Benefits Institute - TSP Investment Training

Thrift Savings Plan

The Thrift Savings Plan (TSP) is the Federal 401(k) program. Both FERS and CSRS employees are eligible to contribute to the plan, however only FERS employees may receive up to a 5% match on contributions. There are two TSP investment options to consider: a Traditional TSP and a newly added Roth TSP. Employees may contribute to both plans. The TSP is made up of five funds, the G, F, C, S, and I. There are also Lifecycle funds (L funds) that combine all five funds in a pre-determined mix.

The Internal Revenue Service has established the following pension plan limitations for the 2018 tax year.

  • Contributions made to 401(k), 403(b), most 457 plans, and the federal government’s retirement account Thrift Savings Plan (TSP), have increased to $18,500.
  • TSP Catch-up contribution limits for employees over the age of 50 are $6,000. Therefore the overall TSP contribution limit is $24,500 again assuming the employee is over age 50.

We created the video below to provide you with additional information about TSP Investments.

To learn more about the TSP funds, see the links below.
TSP L Funds

Below is an article regarding TSP withdrawals.
TSP Withdrawal Techniques: Under Age 59.5

See the following articles for more information on Roth TSP.
Roth TSP, Deposit Service
Roth TSP FAQs & Refunds Service

Looking for more help?

We’re here to help, complete the form below.

Name(Required)
Current Age(Required)
Retirement Date(Required)
TSP Balance(Required)
59+400+started(Required)
1yr+400+u59(Required)
1yr+400+o59(Required)
 

By submitting the form above, you are agreeing to accept a call from a representative to discuss your goals, needs and the value, if any, that a financial planner, knowledgeable in federal benefits could offer you for your retirement planning.

About Us
Retirement Benefits Institute provides benefits and retirement training to federal employees. Our trainers and sponsors have instructed thousands of federal employees, making it possible for many of those to obtain personal consultation and receive assistance in specific federal benefit planning to maximize their assets. Contact us for more information at (877) 864-1145 or click this link to email us.

Disclosure The information provided is not intended as tax or legal advice. Figures shown are for illustrative purposes only furthermore, the information nor the illustrations provided may not be used to avoid any tax penalties. This content represents the general views of Christy Capital Management and should not be regarded as personalized investment advice Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice. Retirement Benefits Institute, Inc., and a portion of its contents merged with Christy Capital Management Inc. Brandon Christy, former President of Retirement Benefits Institute, is also the current President of Christy Capital Management, Inc, a registered investment adviser.

     

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