Adjustments Might Be Needed

Some participants age 50 and up apparently thought they could add in the extra money through their regular TSP investments and have set their ongoing contributions higher than they should be. They may need to readjust their contributions during the TSP open season that is continuing through June 30. Highly-paid FERS employees in particular should take care that their regular contributions don’t hit the dollar limit until the end of the calendar year; if they hit the limit earlier, their investments shut off and so will the government matching contributions for them of up to 4 percent of salary.