I have already been expected to enter a post concerning the Thrift Discounts Plan (TSP), so this is just a bit of a back to concepts post for those who are entitled to it. It was to begin with written in 2017, however, updated now let’s talk about 2020.

This new Thrift Offers Plan is basically the new 401(k) to own government professionals including military users. There’s no cash-sharing component to they, therefore, the employee can be limited by a great $19,five-hundred a year worker contribution ($twenty six,000 annually if the 50 or over) as well as any fits she can get be eligible for.