new tsp allocations for 2016

THE THRIFT SAVINGS PLAN ALLOCATION GUIDE Forums Message Board new tsp allocations for 2016

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  • #17685
    yolo
    Guest

    Hi I’m on a bi-weekly pay schedule and I heard that we would be allowed to contribute up to 18K next year? is this correct, and if so, how are you adjusting your contributions per pay period?

    #17686
    Anne
    Participant

    $18,000/26 pay periods = $692.31, which you should round up to $693 (last period will be $18 less). I used $700, which leaves $500 in last period #26. If you are 50 or older, you can do catch up of additional $6,000 ($231/pay period).

    #17739
    TS Paul
    Keymaster

    Depending on which agency you work for, you may have 27 pay periods for Thrift Savings Plan contributions. I will research that a bit and try to have some definitive details in the December update.

    The TSP Allocation Guide www.TSPallocation.com

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