November 9, 2019

The IRS increased the elective deferral limits for 2020 from $19,000 (the limit in 2018) to $19,500.

The catch-up contribution limit is $6,500 for those 50 and older.

More information can be found on the tsp.gov site here.

Take a look at “TSP Fund Returns” to see how higher contributions over time can help to build wealth…

Related topics: tsp-updates