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TSP (Thrift Savings Plan): CSRS/Active Duty

TSP (Thrift Savings Plan): CSRS/Active Duty

Commonly Asked Questions:

How much should I contribute to TSP?
Is the L Cycle the best way to invest my TSP?
What type of annuity does TSP offer when I retire?
What are the pro’s and con’s to taking a TSP Loan?
How often should I move my allocations?

TSP AND CSRS/Active Duty:

  • participants enjoy a maximum annual contribution of $18,000
  • immediate employee contributions
  • allows for catch-up contributions if you are age 50+ and older up to an additional $6,000 annually
  • mandatory distribution at 70 1/2 years of age
  • choice of investment funds with the ability to change contribution allocations daily as well as making inter-fund transfers up to 2x per month
  • offers loans, withdrawals and freedom to participants in designating their own beneficiaries, as well as website account information.

TSP & CSRS/Active Duty Contributions Example:

Salary – 58,000

  • 5% Individual Contribution
  • $2,900/year
  • 6% Annual Growth Rate Increase

Total Earnings:

  • Year 5 = $17,328
  • Year 10 = $40,517
  • Year 15 = $71,550
  • Year 20 = $113,079

 

To get these answers and more, contact FEB for a
Personalized Retirement Road Map.