Re: 14 years out, but feel like I'm behind
Since you're over 50, you have NO limits. The IRS Limit for anyone is $19,500 (not incl matching), but if you're in good enough of a personal financial situation, or have a good earning spouse, you can contribute much more than your 15%.
Its called "Catch-Up Contributions" for those 50+.
Originally Posted by
wjpennington
My main goal is to avoid the worst, but not all drops, and jump on the upswing once its proven to be there. Normally I'm rsk tolerant--but this market has me worried--insanely overvalued, inflation, Washington is..well, even more Washington than normal, that's all I'll say about that.
I'm contributing 15% to the TSP including matching, and each year I'm going to add in my pay raise until I approach the limits.
CURRENTLY 50% C and 50% S (as of COB 04/18/2024) 2nd April IFT
Bookmarks