TSP Contribution Limits 2023 | Roth IRA and Thrift Savings Plan IRS Limits

12/15/22 • 4 min

The Military Money Manual Podcast

$22,500: The 2023 Thrift Savings Plan IRS Contribution limits for the Traditional TSP and Roth TSP

$6,500: The 2023 IRS contribution limits for the Roth IRA and Traditional IRA

Happy New Year! Look for more episodes of The Military Money Manual Podcast in 2023.

$22,500: The 2023 Thrift Savings Plan IRS Contribution limits for the Traditional TSP and Roth TSP

$6,500: The 2023 IRS contribution limits for the Roth IRA and Traditional IRA

Happy New Year! Look for more episodes of The Military Money Manual Podcast in 2023.

Previous Episode

Split TSP Contributions Between Roth & Traditional? Is Earning a Military Pension Likely? #63

In this episode, Spencer Reese and Jamie answer 2 reader questions:

Should you split your Thrift Savings Plan (TSP) contributions between the Roth TSP and Traditional TSP?
Should I focus on contributing to my TSP or should I just rely on my military pension?

While government TSP matching must deposit into your Traditional TSP, you can contribute all of your funds to the Roth TSP and you will still get the matching.

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual or email [email protected].

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon at or at shop.militarymoneymanual.com.

I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express, the American Express® Gold Card, and the Chase Sapphire Reserve® Card in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3.