A TSP is a retirement savings plan specifically created ... TSPs are also subject to certain IRS rules, including annual contribution limits and required minimum distributions (RMDs) once ...

The Thrift Savings Plan (TSP), a cornerstone of retirement planning for federal ... their contributions and staying informed about the rules governing TSPs, federal employees and service members ...

If your retirement contributions have already been ... Thrift Savings Plan. “Tax Rules About TSP Payments,” Page 5 (Page 9 of PDF). Thrift Savings Plan. “Tax Rules About TSP Payments ...

The Federal Retirement Thrift Investment Board, which runs the TSP program, has up to two years to enact the new rules. “This is great news for all TSP account holders,” says Didi Dorsett ...

A Thrift Savings Plan (TSP) is a retirement plan offered to uniformed ... However, there are TSP loan rules and potential costs involved that you will want to consider before taking one out.

Thrift Savings Plan contribution limits are rising to $23,500 in 2025 from $23,000 in 2024. Plus, new catch-up limits for ...

TSP enables tax-deferred or tax-free retirement saving for federal employees. Participants can contribute via payroll, receive employer matches, or roll over funds. TSP offers diversified funds ...

It is tempting to tap TSP funds for a hardship, and it could be the right thing to do, says Stephen Zelcer, a fiduciary advisor specializing in retirement planning and federal benefits.

"Tax Rules About TSP Payments," Page 2 ... Thrift Savings Plan. "Withdrawals in Retirement." Thrift Savings Plan. "Considering Your Next Move?," Page 2 of PDF. Thrift Savings Plan.

The Thrift Savings Plan, or TSP, is a kind of defined contribution retirement plan for employees of the federal government, including members of the uniformed services (Army, Navy, Air Force ...

Similar to a traditional 401(k) retirement savings plan, pretax contributions to a TSP account lower your taxable income, while contributions and earnings grow tax-sheltered until you withdraw them.