2023 TSP Contribution Limits How Much Should YOU Contribute

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[ChrisWilliamsLS]

My take home pay never seems to be a raise because the money goes to my TSP instead. In 2022, I contributed $27k. I guess in 2023, I guess I will contribute $30k. I plan to retire in 2-3 years.

[JonMcMaken]

I have a limited amount of money at the end of each month to save with. I currently save 5% to get the full TSP match. I have an HDHP with an HSA, should I put any further retirement savings into the HSA (where it can be invested in TD Ameritrade funds), TSP, IRA or something else?

[toddwerther]

I always increase now so it doesn't seem like a pay "cut" in the next calendar year.

[homesale]

Excellent video but if you can add some data charts on the whiteboard. Data makes more sense than talking. I would highly recommend putting the data Model.

[richardfolmer]

How do u feel about putting 5 pct get the match put the rest in a outside IRA THAT pays a duvidend so u are getting free money on top of tsp, by the way i sid very well doujg what u suggested but could i have done better???

[bubbajimemmons]

So, age 50 and up can contribute up to 30K by just altering the percentage or dollar amount, AND it appears this has no negative impact on employer matching, right?

[CaKiteboarding]

Hello, Can I add to my 401K for last year 2023 before April 15, 2024? Let’s say I have 15k in and I am over 50. Can I still add to it or catch up or does it all have to be before December 31st 2023? Thanks

[nvt]

Thank you for the information. If I contribute the max to TSP this year, do I need to update the new maximum amount next year (or the plan would adjust that for me)?

[Ree-vndc]

Thank you so much for this great information.

[aaront]

Increase your tsp contributions by 50% of your pay raises until you max it out.

[davidacosta]

If you have two separate TSP accounts, and combine them together, does the transfer move all the “shares” or buy shares at the current price? Would it be wise for the market to turn around before combining them? For example a military TSP (retired) and federal TSP.

[aaront]

Does the secure act changes apply to the tsp or is it only for 401k?

[mikedv]

Question for you hope this is new. I saw the scenario on using sick leave or annual for being sick just before retirement. But I am retiring on 11-17-2023 and am not using any annual leave so i can get the big pay out. But i have about 4 calculated sick leave months to add to my years. I will need to take time off every so often. How much money will i loose from using sick leave bringing it to only 3 months of time added to my retirement. I am retiring do to burnout 39 years in the same job. I need the time off. But was wondering what will loosing just one month of sick leave cost me? Thank you mike

[MACK]

Hi Dallen, I'm looking to max out my TSP, prior to transitioning from Active Duty, in July 2023, to the private sector. After I've maxed out my TSP by July 2023, can I contribute to my new employer's 401K retirement plan, for the remainder of the year? Appreciate any information you may have to offer.

[Just_Stevo]

Just put all of your cola's into the TSP.

[hussinaqeil]

Hello, I will start my new position with Federal emp, How can i contact you? I need same advise from you