Wednesday, October 25, 2017

Roth TSP increases to $18,500 in 2018!!!

The IRS just announced that in 2018, uniformed service members can now contribute $18,500 to either a traditional or Roth TSP.

This is an extra $500 per year! If you are active duty your goal should be to try and put away as much as you can each year since you get tax benefits on your contribution.

https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/contributionLimits.html

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