manu06
Member
Cash: $ 3.70
Posts: 18
Joined: 18 Oct 2005
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| TSP Agency Limits |
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Does anyone know what the agency limit on TSP contributions for the
Postal Service ? I'm am now contributing the max based on percentage
but I'm not close the the dollar limit. Am I allowed the contribute up to
the IRS limit ?
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Tue Oct 18, 2005 4:06 pm |
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SkyPilot
Senior Member
Cash: $ 100.11
Posts: 492
Joined: 13 Mar 2005
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Does the annual IRS limit include both the employees contributions and the gov't matching, or is it just the employees contributions alone?
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Fri Feb 10, 2006 9:01 pm |
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Jaszbo
Preferred Member
Cash: $ 35.90
Posts: 177
Joined: 03 Jan 2006
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I thought this was the biggest news of the year. Limits eliminated
15k you can put in
for the other question the link below will answer all the questions
http://www.tsp.gov/features/def_contribution-limits.html
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Fri Feb 10, 2006 11:58 pm |
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drinkoj
Preferred Member
Cash: $ 21.35
Posts: 106
Joined: 27 Jul 2005
Location: SC
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| Re: TSP Agency Limits |
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quote:
Originally posted by manu06
Does anyone know what the agency limit on TSP contributions for the
Postal Service ? I'm am now contributing the max based on percentage
but I'm not close the the dollar limit. Am I allowed the contribute up to
the IRS limit ?
To put it simply, Yes contribute up to the IRS limit $15000. I currently put in 20% each pay period and I too work for the postal service.
Just be careful not to put in so much that you don't get to take advantage of the 5% matching we get. Remember that your employer matching dollar amount also counts towards the $15000 IRS limit, so don't go putting $550 every two weeks (totaling $14300 for 26 PP) because you'll won't mazimize the 5% matching that the USPS does (with matching you'd hit $15015 and loose out on a benefit).
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Sat Feb 11, 2006 10:02 am |
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