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The catch-up contribution limit that applies to employees aged 50 and up enrolled in most 401(k), 403(b), governmental 457 plans and the Thrift Savings Plan will remain at $7,500 for 2025. Workers ...
For 2025, you’ll be able to increase your annual contribution to your 401(k), 403(b), governmental 457 plans, and the federal government's Thrift Savings Plan to $23,500, up from $23,000.
Below is a list of Vanguard Exchange-Traded Funds (ETFs) that are equivalent to the TSP funds in terms of their content. C Fund – VOO; S Fund – VXF; I Fund – VEA; F Fund – BND; G Fund – VGSH; The TSP can also be approximated by tracking the performance of the index each fund seeks to match. [20] C Fund – .INX
The SECURE 2.0 Act of 2022, was signed into law by President Joe Biden on December 29, 2022 as Division T of the Consolidated Appropriations Act, 2023.It builds on the changes made by the SECURE Act of 2019.
For 2025, the standard catch-up contribution limit for 401(k) plans is $7,500. That means anyone who meets the age requirements can contribute a total of $31,000 to their workplace retirement plan.
The Thrift Savings Plan is a tax-deferred defined contribution plan similar to a private sector 401(k) plan. The Thrift Savings Plan is one of the three parts of the Federal Employees Retirement System, and is the largest defined contribution plan in the world. As of August 2021, the board manages $794.7 billion in assets on behalf of 6.4 ...
The earnings limit for 2025 is $176,100. That's up from $168,600 in 2024. This means that anyone earning over the 2025 limit will see an additional $465 withheld from their total pay this year ...
So in our example, you might turn 62 on March 21, 2025, but you won't actually receive your first check until May 28, 2025. You'll need other income sources to cover your expenses until then. 2.