Planning for a federal retirement brings unique challenges, especially when most retirement advice targets private-sector employees without pensions like the FERS annuity. Federal employees have different benchmarks for savings, making it important to focus on guidelines tailored to your needs.
By Age…
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…
