I serve in the Army Reserve and contribute a portion of my drill pay each month to my TSP. Do my contributions to the TSP limit my ability to contribute to my firm’s traditional 401(k) or can I theoretically max out both each year?

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No, separate entities. Max em both of you can

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The TSP is not a 457. You can contribute the max amount to a 401k and a 457 plan, but not a 401k and a 403b, for example. In the case of the TSP, it follows the same contribution limitations as a 401k, and therefore the contributions to a 401k at one job plus contributions to the TSP at another CANNOT exceed the annual contribution limit for either.

Feel free to pm for more info.

It is arguable that you should Max out the TSP option as the fees are the lowest known to man, IIRC, assuming you are an an index fan. It does mean that you will have to figure out the contributions.

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I was thinking about this too, but I figured it was a smaller chance of being relevant.

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