There are two main sort of money offered to Teaspoon members: general purpose and you may residential
Small tip: You could potentially transfer tax-deferred money from individual old-age arrangements (IRAs) and other categories of boss-paid plans into the a classic Tsp. When you have a good Roth Teaspoon, contain accredited and you may low-certified stability off their types of Roth accounts.
You ought to acquire at least $step 1,one hundred thousand or more to help you 50% of the vested harmony, the degree of your lead benefits into the account, or $50,100000 without the large a great financing equilibrium – almost any count try littlest
This new yearly limitation for further efforts to have 2022 is $61,100000. They are personnel contributions that will be taxation-deferred, after-tax, and you may taxation-exempt, along with matching and you can automated step 1% benefits from your own company otherwise department of service. Catch-right up efforts are not mentioned contained in this maximum. Read more
