In this episode, Ed and Dan explain how the SECURE Act 2.0 affects the Thrift Savings Plan (TSP) for federal employees and retirees. From required minimum distribution (RMD) age changes to higher catch-up contribution limits, this episode breaks down the rules, effective dates, and strategies to optimize retirement savings while minimizing taxes.
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FedLife Podcast | Ep. 163: SECURE Act 2.0 Updates for TSP Participants
Join us as Dan and Ed explore key SECURE Act 2.0 provisions impacting TSP participants and highlight practical strategies for federal employees and retirees to maximize their retirement benefits.
In this episode, you’ll learn:
• The new RMD age requirements and how they differ based on birth year
• Reduced excise taxes for missed RMDs and how to correct errors
• Why Roth TSP balances are no longer included in RMD calculations
• Higher “super catch-up” contribution limits for ages 60–63
• Mandatory Roth TSP contributions for high earners exceeding the wage threshold
• Practical strategies to maximize contributions, minimize taxes, and plan withdrawals effectively
Source Article: https://stwserve.com/secure-act-2-0-and-the-thrift-savings-plan/
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