April 17, 2015 3:33 pm
“What a difference a month makes,” said Tom Trabucco, director of external affairs at the Federal Retirement Thrift Investment Board, in an interview with In Depth with Francis Rose.
Trabucco said this month has been “an exceptionally good month.”
This month picked up “lost ground” from stock market losses in September, “plus a little bit more,” Trabucco said.
Thrift Savings Plan October returns (through Oct. 28)
More on 2012 contribution limit
Last week, Federal News Radio told you that you can put more money into your Thrift Savings Plan accounts next year — up to $17,000 per year for 2012.
Trabucco said the agency match does not count against the $17,000 limit. That limit applies only to “elective deferrals”.
In tax law, these are amounts that you elect to defer receiving by directing that they be withheld from your paycheck and deposited in your tax-deferred account.
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