TSP: Changes in 401(k) Plans Take Effect This Year The changes in 401(k) plans that take effect this year can have implications for the Thrift Savings Plan (TSP) as well, since both are retirement savings vehicles. Here are a few potential impacts: Contribution Limits: If the contribution limits for 401(k) plans increase, a similar adjustment […]
OPM Officials Tout Agency’s Transformation Under Biden Leaders at the federal government’s dedicated HR agency said the organization has come a long way since being targeted for elimination by the first Trump administration. Just six years removed from an unsuccessful bid to break up the federal government’s dedicated HR agency, officials at the Office of […]
This 401(K) Change Could Maximize Your Savings Source: NewsNation New contribution limit for those 60 to 63 years old is $11,250 The 2025 change increased the limit by $3,750 If you exceed the contribution limit, you will be double-taxed A change in 401(k) plans takes effect this year, which means some people who save in […]
OPM Retirement Center Do You Know About the OPM New Retirement Resources? OPM is here to help you transition from serving the American people to enjoying your retirement. These links are useful to new and existing retirees throughout their retirement journey. Explore the Retirement Quick Guide Retiring Soon? Tax Help for Annuitants Follow link to […]
The GPO-WEP Repeal Bill The “windfall elimination provision” affects how the amount of your retirement or disability benefits is calculated if you receive a pension from work where Social Security taxes were not taken out of your pay. A modified formula is used to calculate your benefit amount, resulting in a lower Social Security benefit. […]