General Purpose TSP Loans are on the rise, with recent data showing a significant jump in their usage. In 2023 alone, the number of outstanding loans increased by 40%. By the end of the year, nearly 480,000 loans were active, totaling close…
The standard contribution limit for your TSP is $23,000 annually. However, if you’re 50 or older, you’re currently allowed to add up to $7,500 in catch-up contributions. This can be a valuable tool in helping those nearing retirement boost their savings.
As…
The Federal Retirement Thrift Investment Board (FRTIB) will be updating the benchmark index for the I Fund throughout 2024, aiming to broaden the fund’s diversification and grant participants access to a wider array of international markets and companies.
Background on the Change…
Big news for federal employees: the IRS has announced higher Thrift Savings Plan (TSP) contribution limits for 2025. This means you’ll have even more room to grow your retirement savings starting next year.
2025 Contribution Limits
In 2025, you can contribute up…