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FEHB and Medicare: Expert Outlines Needed Improvements, Lessons Learned From Both Programs
October 21, 2009
Noted health insurance expert Walton Francis says not only that both Medicare and the Federal Employees Health Benefits Program (FEHB) can be improved, but also that each program contains lessons -- both positive and negative -- for national health care reform today . . . more

OPM Extends Deadline for Long-Term Care Enrollees with Automatic Compound Inflation Plan to Make Choices
October 23, 2009
OPM has extended the deadline for current enrollees in the Federal Long-Term Care Insurance Program (FLTCIP) with the automatic compound inflation option to make their special decision period choice . . . more

Time is Running Out on the First-Time Homebuyer Tax Credit
Edward A. Zurndorfer, Certified Financial Planner
Qualifying individuals who purchase a primary residence before Dec. 1, 2009 can claim the tax credit on either their 2008 or 2009 federal tax return . . . more

Nearly Three Dozen Tax Breaks to End in 2009 and 2010
October 19, 2009
This list gives an overview of a few of the provisions scheduled to expire that are of particular interest to federal employees and retirees . . . more

2010 COLA for Federal Retirees : CSRS / FERS
UPDATE: October 16, 2009
There will be no 2010 federal retiree cost-of-living adjustment (COLA) to their CSRS or FERS annuities, the government announced yesterday. . . . more

2010 Thrift Savings Plan (TSP) Contribution Limit
October 15, 2009
The Thrift Savings Plan contribution limits will remain unchanged for 2010 at $16,500. Also, the 2010 TSP Catch-Up contribution limit will remain at $5,500 . . . more

Lawmakers, NARFE Question Long Term Care Insurance Rate Hike in Senate Hearing
October 15, 2009
A 25 percent premium increase in the Federal Long Term Care Insurance Program (FLTCIP) could have been mitigated had earlier warning signs been heeded, said NARFE. Lawmakers said the promotional materials for the FLTICP were misleading . . . more

3 Important Tax Considerations Regarding Payments From Your Thrift Savings Plan (TSP) Account
Before you decide on how you will receive the money in your Thrift Savings Plan (TSP) account, you should review these three important tax considerations. Understanding the tax treatment of TSP payments can help you avoid costly surprises. . . . more

Report: Despite Huge Losses in 2008, Ongoing Contributions in Work-Place Retirement Plans Pay Off in 5-Year Account Growth
October 8, 2009
American workers who held 401(k) accounts (similar to the Thrift Savings Plan for federal employees) consistently from 2003-2008 suffered a 24.3 percent average drop in their account balance during 2008's bear market. "But the growth in account balances among consistent participants over five years highlights the benefits of a regimen of disciplined saving in work-place retirement plans" . . . more

Retiree Anger Over Zero 2010 COLA and Future Social Security Reform
With the announcement last month that there will be no cost-of-living (COLA) increase to Social Security recipients in 2010, the concern and anger among seniors is mounting. Learn how the Social Security COLA anger might be a preview of things to come . . . more

The Importance of Preparing an MSPB Case in a Federal Disability Retirement Case -- for the "Long Haul"
Robert R. McGill, Esquire
Learn why federal and postal employees who are preparing an application for Disability Retirement benefits under FERS or CSRS should always prepare such an application as a submission to be reviewed by a full "administrative process" . . . more

Voluntary Contribution Program (VCP): Withdrawal Options for CSRS and CSRS-Offset Employees (Part 2 of 2)
Edward A. Zurndorfer, Certified Financial Planner
Federal benefits expert, Edward Zurndorfer, provides insight on the three withdrawal methods for VCP participants, including a rollover to a Roth IRA and annuity options that allow a CSRS or CSRS Offset employee the option to receive an additional CSRS annuity from the Office of Personnel Management. Practical examples are included . . . more

House Passes Bill to Protect Federal Retirees from the 2010 Medicare Premium Increase
September 28, 2009
Last week, the House of Representatives passed the Medicare Premium Fairness Act. ( H.R. 3631). The bill would protect all Medicare beneficiaries -- including federal civil service annuitants who are not eligible to receive Social Security -- from an increase in their Part B premium in 2010 when they are unlikely to receive any cost-of-living adjustment (COLA) . . . more

Now May Be the Time to Undo a 2008 Roth IRA Conversion
Edward A. Zurndorfer, CFP
Many individuals who converted their traditional IRAs to Roth IRAs during 2008 saw their converted Roth IRAs drastically decline in value. They also paid federal and state income taxes on the converted Roth IRAs that are currently worth much less than they were before they were converted. Learn how The Internal Revenue Code (IRC) provides a tax savings -- if not a tax elimination -- opportunity for those who performed Roth IRA conversions during 2008, allowing them to "recharacterize" their Roth IRAs and eliminate the tax liability . . . more

New Federal Long-Term Care Insurance Plan (FLTCIP) Starts October 1
September 18, 2009
Information regarding the choices current enrollees can make, plus a downloadable plan comparison tool . . . more

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