By Mike Miles
December 3rd, 2012 | Uncategorized
Q. Are there income limitations on a Roth TSP? For example, can a single person with an income greater than $127,000 contribute to a Roth TSP (in 2013)?
A. The contributions are not affected by the size of your income.
October 14th, 2010 | Uncategorized
Q: I have not yet seen what the 2011 Thrift Savings Plan contribution limits will be, to include catch-up contribution limits. Is there anything in the wind to increase the amounts from the 2010 limits?
A: The limits are set by law and increase with inflation in $1,000 increments. Given the low overall rate of recent inflation, I wouldn’t expect an increase in the coming year.
April 28th, 2010 | Uncategorized
Q: I like to make plans for my savings and would like to know whether the contribution limits will be increasing for the Thrift Savings Plan and the TSP Catch-up contribution plan for 2011 and 2012.
A: The limits are indexed to inflation, and we won’t know whether they’ll be increasing until the inflation figures are in.