Q. I’ll be receiving a check this week or next from an inheritance. I’m not maxed out on my TSP and haven’t sent any catch-up money in this year either. I was wondering if I could send 100 percent of my pay for the last couple of pay periods this year to TSP to get as much in there before the end of the year as possible? Then next year I’ll start putting in the maximum along with catch-up.
A. Your TSP contributions must come from payroll deferral or, you may transfer eligible money into your TSP account from an IRA or other Qualified Retirement Plan.