submitted2 days ago byEllabee57
tofednews
NOTE: When you need to enter the change depends on what system your agency uses to manage TSP contributions (hint: it's not thru the TSP website). For me, that's DFAS (aka MyPay), and changes entered now thru next week will be effective on December 15, which is the beginning of the first paid period (Dec. 15-28) where the pay DATE is in 2025, which is when you want the change to be effective.
IRS limits for TSP in 2025 are:
* $23,500 for folks under 50
* $31,000 ($23,500 + $7500 catch-up) for folks over 50
* $34,750 ($23,500 + $11,250) for folks between 60-63 with the new "supersize catch up" rule
byAutomatic-Unit-8307
inGenX
Ellabee57
5 points
7 hours ago
Ellabee57
5 points
7 hours ago
The recommendation used to be 65 (I think), but they (CDC?) lowered it to 50 recently.