Q. Right now I am allowed to contribute $21,500 annually ($16,500 normal plus $5,000 over 50 catch-up) to my government-run TSP. I am also allowed to contribute $6,000 annually ($5,000 normal plus $1,000 over 50 catch-up) to my civilian-run Roth. I am told that when the government Roth option is established I will still be limited to $21,500 total in the government-run accounts however I allocate it? Is this true — it
would make more sense if the ceiling stayed the same to TSP, but I could only do a $6,000 for Roths no matter if it was government or civilian run.
A. I expect it to be true, but we’ll have to wait and see.