What happens if i stop my tsp contributions

Private parties offering assistance with your TSP account have not been approved, endorsed, sponsored, or authorized by the Federal Retirement Thrift Investment Board, the independent federal government agency that administers the TSP. Contact us directly at and choose option 3 to speak to a Participant Service Representative if you have questions or if you need to report any suspicious activity involving your TSP account.

Learn more about how to protect your TSP account. No, you cannot make loan payments online. When we pay out your loan, we will notify your payroll office immediately to begin deducting loan payments from your salary each pay period.

Check your leave and earnings statement to be sure that loan payments have started and that they are in the correct amount. Additional information is available under Repaying Your Loan. You can continue to enjoy tax-deferred earnings and low administrative expenses. Once you separate, you will no longer be able to make employee contributions. Your account will continue to accrue earnings, and you can continue to change the way your money is invested in the TSP investment funds by making interfund transfers.

A contribution allocation tells us how you want to invest NEW money coming into your account. You are allowed two IFTs in a calendar month. After that, you can only transfer money into the G Fund. You can also call the ThriftLine at and follow the automated prompts. Changing Your Investment Allocations In addition to adjusting the funds your future contributions are invested in, you may also change how your past contributions are allocated or invested across the various TSP funds.

Review more of the latest updates and information from TSP , including announcements, scheduled system outages and contribution limits and rates. Contact your immediate supervisor for more details. Page updated September 27, Skip to main content Press Enter. Overpayment of Wages. Debt Hearing.

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If your income isn't too high, contributing to a retirement account could help you lower your tax bill now. You may have dreamed of a tax-free retirement, but if you live in these 13 states, your Social Security benefits are subject to a state tax. That's on…. November 10,