TSP Investment Increases for 2018?

Q: It looks as though we’re going to get about a 2 percent raise in January. Will my Thrift Savings Plan investment amount increase automatically?

A: It depends on whether you are investing by dollar amount or by percentage of salary. If you’re a dollar-amount investor, the withholding per biweekly pay period stays the same unless you change it. If you’re investing by percentage of salary, the amount rises automatically when your salary increases.

There’s a special consideration for those under the Federal Employees Retirement System who invest at or near the annual maximum, which will rise in 2018 to $18,500 from $18,000.  – Read more in this Washington Post article.

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About Evan H Farr, CELA, CAP

Evan H. Farr is a 4-time Best-Selling author in the field of Elder Law and Estate Planning. In addition to being one of approximately 500 Certified Elder Law Attorneys in the Country, Evan is one of approximately 100 members of the Council of Advanced Practitioners of the National Academy of Elder Law Attorneys and is a Charter Member of the Academy of Special Needs Planners.

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