Federal Newscast

The Thrift Savings Plan board is reminding participants about changes to contribution limits coming for 2025. Generally, TSP participants will be able to contribute a maximum of $23,500 to their accounts next year. But participants ages 50 and up can make additional catch-up contributions of $7,500. Those ages 60 to 63 can make even higher catch-up contributions of $11,250 due to the Secure 2.0 Act. As of December, there are 7.2 million accounts in the TSP, a new record high. About 155,000 of those accounts are TSP millionaires.  Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.