![]() "Catch-up contributions" are supplemental tax-deferred employee contributions that employees age 50 or older can make to the Thrift Saving Plan (TSP) beyond the maximum amount they can contribute through regular contributions. The non-TSP savings amount that you entered may include savings from different sources such as your savings account(s), non-TSP mutual funds, and non-TSP retirement funds (private sector 401-Ks, Individual Retirement Accounts, etc.). Refer to TSP’s website for the Historical Annuity Rate Index factors. If you are close to retirement, you may want to use the rate represented in the current month or any rate that you choose. This is an average over the past 48 months of data. For additional information on how TSP savings are annuitized, visit the TSP website.Īlthough the TSP annuity interest rate index changes monthly, for purposes of the Federal Ballpark E$timate, we are using the default factor of 3.5% for both the TSP and non-TSP savings calculations. The TSP annuity rates are used for annuitization of both TSP balances and non-TSP savings. The "interest rate index" when your annuity is purchasedįor purposes of the Federal Ballpark E$timate, we will provide an estimated annuity based on Single Life, increasing (inflation protection).The balance in the TSP account used to purchase your annuity.Your age when your annuity is purchased (and the age of your spouse or other joint annuitant).The factors that affect the amount of the monthly payments include: If you name a joint annuitant, monthly payments are made to you while you and your joint annuitant are both alive when either of you dies, monthly payments are made to the survivor for the rest of his or her life. This is a consolidation of the additional information boxes (PopUp boxes) available in the Federal Ballpark E$timate and the assumptions used in the calculations.Ī | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Annuity Interest Rate for TSP and non-TSPĪ Thrift Savings Plan (TSP) annuity provides income in the form of monthly payments for as long as you - and your joint annuitant, if you elect an annuity with survivor benefits - are alive. Benefits Officers Center Toggle submenu.Federal Ball Park Estimator Toggle submenu.The needs, goals and circumstances of individuals are unique, and they require the individualized attention of a financial professional. Please consult with your tax and/or legal advisors regarding your particular circumstances. Equitable and its affiliates do not provide tax or legal advice or services. This discussion and any hypothetical results or information provided herein do not offer or constitute investment advice and make no direct or indirect recommendation of any insurance, investment, financial product or investment option. IMPORTANT NOTE: Equitable believes that education is a key step toward addressing financial goals, and we've designed this tool as an informational and educational resource, intended to facilitate the review of your current financial situation, based on information and assumptions provided by you. The calculator provides only general estimates its hypothetical results should not be relied upon as a basis for any financial, investment, or other decision or determination. Equitable Advisors and its affiliates make no representation as to the calculator's accuracy, completeness, or applicability with regard to any person's individual circumstances. This informational calculator is not created, owned, or maintained by Equitable Advisors or its affiliates, nor has it been determined in our own testing to be precisely accurate. ![]()
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