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TSP Financial Hardship Withdrawals: The "Real" Cost
Edward A. Zurndorfer, Certified Financial Planner
Federal employees are making in-service financial hardship withdrawals from their Thrift Savings Plan (TSP) at a greater pace during 2010 compared to previous years. Federal benefits expert, Ed Zurndorfer, discourages federal employees from raiding their TSP accounts for this purpose -- giving insight to the "real" cost and consequences . . . more

2011 Federal Employee Travel Per Diem Rates
September 1, 2010
GSA has released the 2011 federal employee travel per diem rates, which apply to travel from October 1, 2010 to September 30, 2011 . . . more

How Does the General Schedule (GS) Pay System Work? Raises, Locality Pay and More
August 25, 2010
With recent major coverage in the national media debating if federal employees are overpaid coupled with rising federal deficits that affect decisions by lawmakers, many My Federal Retirement readers have submitted questions about how the General Schedule (GS) pay system works -- with particular concern in regard to the 2011 federal employee pay raise. To answer some of the most frequently asked questions, here's a fact sheet describing the GS pay structure, promotions, annual pay adjustments, and locality pay . . . more

Why Roll Over Your TSP to a Personal IRA at Retirement?
L. Ronald Blair, Certified Financial Planner
Certified Financial Planner, L. Ronald Blair, provides 5 practical reasons why federal employees should consider rolling over their Thrift Savings Plan to an IRA when they retire . . . more

8 Ways to Avoid Pitfalls Under the New Rules for Credit Cards
August 24, 2010
Under the new rules governing credit cards (which took effect August 22, 2010), it's possible consumers could face account changes going forward -- such as interest rate increases on future transactions and the imposition of new fees or penalties . . . more

23% Increase in Federal Employees Receiving Student Loan Repayment Benefits in 2009
August 22, 2010
Twenty-three percent more federal employees in 2009 received repayment benefits on student loans as in the previous year, according to the Office of Personnel Management's (OPM) annual report to Congress released last week . . . more

Federal Employees Are Being Misinformed About Life Insurance (FEGLI) Death Benefits
Edward A. Zurndorfer, Certified Financial Planner
Federal benefits expert, Ed Zurndorfer, reveals how the use of "retained asset" accounts for beneficiaries from the life insurance company contracted by the Office of Personnel Management (OPM) for the Federal Employees Group Life Insurance program (FEGLI) is in the provider's corporate investment account (which is not backed by FDIC insurance) -- and why OPM has an obligation to clear up the misleading language in its FEGLI handbook for federal employees . . . more

Are Federal Employees Overpaid? OPM Director Slams Media Reports in Letter
August 16, 2010
Mounting reports in the media over the last few months citing data that federal employees are paid far more than private sector workers (including the most recent one in USA Today) spawned a sharp response from the director of Office of Personnel Management (OPM) this week . . . more

Need to Amend Your Federal Income Tax Return?
If you forgot to include some income or to take a deduction on your tax return --- you can correct it by amending your tax return. Here's how . . . more

2011 Federal Pay Raise: 1.4% Increase for GS Pay Scale?
August 12, 2010
On July 29, 2010, the Senate Appropriations Committee passed the Fiscal 2011 Financial Services and General Government spending bill which included a 1.4 percent 2011 federal pay raise -- the same figure that President Obama requested earlier this year . . . more

FEHB Open Season: Important Frequently Asked Questions for Federal Retirees (and Those Soon-to-Retire)
With the FEHB Open Season just weeks away, it's important for retirees (or federal employees who will be retiring soon) to learn about the various options affecting their health benefits, including issues regarding Medicare, suspensions, cancellations and premium conversion . . . more

7 Easy Tips for Growing Your Savings During Tough Economic Times
Sharla D. Rountree, Certified Financial Planner
In trying economic times, it is common to neglect your savings. But it's important to remain focused -- regardless of the economic state of our country -- and paying ourselves is a must Here are seven easy tips for growing your savings . . . more

Thinking of Retiring? Review This Federal Benefits Fact Sheet
If you are thinking about retiring in the next few years, it's wise to review this fact sheet which outlines some important -- and often overlooked -- requirements on your health, dental, vision and other benefits . . . more

TSP Returns: Monthly and Annual - G, F, C, S, I and L Funds Updated: August 3, 2010
View the latest Thrift Savings Plan returns . . . more

FEHB Open Season Dates for 2010 Announced by OPM
July 28, 2010
The Office of Personnel Management has announced the dates for the 2010 Federal Benefits Open Season. Employees and retirees are encouraged to be aware of the actions they can take in various programs including health, dental and vision benefits . . . more

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Read articles written by federal benefits expert and Certified Financial Planner, Edward Zurndorfer

Recent Articles & Resources
 TSP Financial Hardship Withdrawals: The "Real" Cost
 2011 Federal Employee Travel Per Diem Rates
 How Does the General Schedule (GS) Pay System Work? Raises, Locality Pay and More