In the beginning of December, participants of the Thrift Savings Plans (TSP), will need to expect a few changes to the login system and TSP website for security purposes. Due to today’s hackers, technology and cybersecurity, it is one more tactic to prevent fraud. In order to login, two-step authentication will need to be set up, and contact information will need to be updated.
TSP4gov accounts will also give access to informational and educational content on retirement investment planning and investment options. Staring in January 2020, the TSP contribution limit will go up to $19,500. The catch-up limit for people aged 50+ that want to invest more and “catch up” to participants in earlier retirement, will also increase to $6,500.