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LEARN MORE ABOUT: Thrift Savings Plans
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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...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)