TSP Matching and Contribution Limits

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Topic Author
hard
Posts: 9
Joined: Fri Mar 04, 2016 10:31 am

TSP Matching and Contribution Limits

Post by hard » Sun Mar 03, 2019 2:26 pm

I've been searching online, the tsp website, and on these forums but unable to find a source that answers my question. I'm an active duty service member and the contribution limit for 2019 is $19,000. Do the government matches (5%) count towards this limit or?

I am trying to tweak my percentage of my base pay for monthly contributions to get as close to $1583.33 ($19,000/12) as possible. Do I need to account for the matching in that equation?

*Edit to add - I am opted in to the new Blended Retirement System

fujiters
Posts: 289
Joined: Tue Mar 06, 2018 2:17 pm

Re: TSP Matching and Contribution Limits

Post by fujiters » Sun Mar 03, 2019 2:32 pm

No, employer contributions don't count against the $19000 contribution limit (unlike HSAs).
“The purpose of the margin of safety is to render the forecast unnecessary.” -Benjamin Graham

Topic Author
hard
Posts: 9
Joined: Fri Mar 04, 2016 10:31 am

Re: TSP Matching and Contribution Limits

Post by hard » Sun Mar 03, 2019 2:43 pm

Thanks for the reply, I was pretty sure that was the case but wanted to sanity check myself. So in theory, lets say my matching comes out to $250 a month, or $3000 for the year. At the end of 2019 I get to have put in $22,000 for the year?

mrc
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Re: TSP Matching and Contribution Limits

Post by mrc » Sun Mar 03, 2019 2:52 pm

Check out the "Annual Addition Limit" (second row of the table): https://www.tsp.gov/PlanParticipation/E ... imits.html
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Tdubs
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Re: TSP Matching and Contribution Limits

Post by Tdubs » Sun Mar 03, 2019 2:56 pm

hard wrote:
Sun Mar 03, 2019 2:43 pm
Thanks for the reply, I was pretty sure that was the case but wanted to sanity check myself. So in theory, lets say my matching comes out to $250 a month, or $3000 for the year. At the end of 2019 I get to have put in $22,000 for the year?
Yes, you would have $22k in your TSP. The government match always goes to traditional, even if you make Roth contributions with your own deductions.

investorag83
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Joined: Mon Feb 25, 2019 3:23 pm

Re: TSP Matching and Contribution Limits

Post by investorag83 » Sun Mar 03, 2019 4:08 pm

Since when do active duty service members get a match in their TSP??

tj
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Joined: Thu Dec 24, 2009 12:10 am

Re: TSP Matching and Contribution Limits

Post by tj » Sun Mar 03, 2019 4:14 pm

investorag83 wrote:
Sun Mar 03, 2019 4:08 pm
Since when do active duty service members get a match in their TSP??
Probably when they started the blended retirement system to replace the larger pension.

investorag83
Posts: 18
Joined: Mon Feb 25, 2019 3:23 pm

Re: TSP Matching and Contribution Limits

Post by investorag83 » Sun Mar 03, 2019 4:31 pm

tj wrote:
Sun Mar 03, 2019 4:14 pm
investorag83 wrote:
Sun Mar 03, 2019 4:08 pm
Since when do active duty service members get a match in their TSP??
Probably when they started the blended retirement system to replace the larger pension.
Cool...just read that. Good that they're offering it considering that so few now actually get to the pension compared to before.

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