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- Input the appropriate date.
- Review the entire document to ensure you haven't overlooked anything.
- Click Done and save the finalized document.
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While you may feel motivated to contribute 100% of your paycheck to the TSP, it's important to follow IRS guidelines. There are contribution limits set annually, and exceeding these limits can lead to penalties. Instead, consider maximizing your contributions while maintaining enough income to cover your living expenses.
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