Retirement (FAQ)

Termine

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Just for completeness, there are three separate things in question here:
  1. IRA. $6k limit in 2022. This limit is for Roth and Traditional IRAs combined.
  2. TSP - employee contribution. $20.5k limit in 2022. This limit is for Roth and Traditional TSPs combined.
  3. TSP - overall contribution including employer (gov't) matching and non-elective contributions. $57k limit for 2022. The government does not provide extra contributions beyond the 5% match, so the highest amount they will ever contribute is $9.65k (the legal cap on base pay times 5%)—so this limit does not affect us.
To reiterate, the contribution limits are for your combined Traditional and Roth accounts. You can direct the money into each type of account however you like, but the total contributions have to be within the limits.
 
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