Reminder on ‘Catch-Up’ Investments

While regular TSP investments carry over from year to year unless changed, a new election must be made for those wishing to make “catch-up” investments (what the TSP calls catch-up contributions) this year. Those are available to employees who are age 50 or above, or who will be before the end of the year, and are on an investing schedule that would put them at the maximum for regular investments by the end of the year (or who already have hit that limit). The maximum catch-up also has remained unchanged from last year, at $6,000. There is no matching government contribution on catch-ups regardless of retirement system.