TSP article clarification


Q: In the article titled, “Make most of your TSP for 2010 retirement savings,” it is indicated that the maximum contribution for 2010 is $16,500. However, I thought the amount was lowered to $16,000 for 2010. Please clarify.

A: On Dec. 1, the Thrift Savings Plan confirmed that the 2010 limit will be $16,500.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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