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2022 Brings New Updates to the Thrift Savings Plan

Find presentation slides and additional resources for this OneOp webinar at ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Thrift Savings Plan Updates for 2022: What You Need to Know The Thrift Savings Plan (TSP) is a retirement savings plan for federal employees and members of the military, offering a range of investment options to help individuals build a secure financial future. As we head into 2022, there are several updates and changes to the TSP that participants should be aware of. Let's explore what these updates entail. Increase in Contribution Limits: One of the most significant updates for 2022 is an increase in the contribution limits for TSP. Starting from January 1, 2022, the elective deferral limit has been raised to $20,500 per year, up from the previous limit of $19,500. This increase enables