Q: As a Federal Employees Retirement System employee, I was told that the limit on Thrift Savings Plan contributions changes once you reach age 50. Is this true? If so, what is the additional amount?
A: You’re talking about catch-up contributions, which are an additional contribution (or total amount of annual contributions) that can be made starting when you reach age 50. For 2009, the catch-up contribution limit is $5,500. Check www.tsp.gov for more details.
Additional catch-up contributions
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