November 2, 2018

The IRS increased the elective deferral limits for 2019 from $18,500 (the limit in 2017) to $19,000.

The catch-up contribution limit remains unchanged at $6,000 for those 50 and older.

More information can be found on the tsp.gov site here, and on the irs.gov site here.

Health Savings Account (HSA) contribution limits for 2020 are $3,500 for an individual with coverage under a qualifying high-deductible health plan (HDHP), and $7,000 for an individual with family coverage under an HDHP. Those 55 or older can make additional catch-up contributions of $1,000 per year.

Take a look at “TSP Fund Returns” to see how higher contributions over time can help to build wealth…

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