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Thrift Savings Plan (TSP) Annuity Guide
A TSP annuity is one of your options for withdrawing your TSP account after you separate from federal service. If you want a guaranteed stream of payments for as long as you (or your joint annuitant) are alive, an annuity may be the right choice. Learn about the three aptions, features for beneficiaries, and income tax issues plus access the TSP annuity calculator . . . more

New and Rehired Federal Employees, Retirees to be Automatically Enrolled in the TSP Effective Aug. 2010
Edward A. Zurndorfer, Certified Financial Planner
Unless a new or rehired employee, or a rehired annuitant, makes his or her own TSP contribution elections, their agencies must enroll them in the Thrift Savings Plan at a contribution rate of 3% of their basic pay each pay period . . . more

High Percentage of Americans to Run Short of Money After 10-20 Years of Retirement, Study Indicates
July 21, 2010
With Americans living longer in retirement, results of an analysis released last week show dramatically high percentages of Americans --- even in the upper-income categories --- are likely to run short of money after 10 or 20 years of retirement . . . more

Survey Says: 66% of Federal Employees Satisfied With Pay
July 16, 2010
Sixty-six percent of federal employees say they are satisfied with their pay, according to a survey conducted by the Office of Personnel Management . . . more

Student Loans for Higher Education Gets Easier and Less Expensive for Federal Employees
Edward A. Zurndorfer, Certified Financial Planner
Federal benefits expert, Ed Zurndorfer, explains how recent changes to the student loan program will hopefully ease federal employees' anxieties about being able to pay for the cost of their children's higher education. With these changes, employees who may have been focusing on saving for and paying for their children's higher education may now instead focus on saving sufficiently for their retirement . . . more

New Thrift Savings Plan Website (TSP.gov) Now Available
July 12, 2010
The new layout of the website provides easier TSP.Gov account access to many features . . . more

FERS & CSRS Federal Disability Retirement: Credible Testimony
Robert R. McGill
The problem with honest people is that they believe that, by stating something honestly, they will also appear credible, and as such, OPM automatically approve an application for federal disability retirement benefits . . . more

New Tax Law May Increase the Popularity of "Combination" Long-Term Care Insurance Policies
Edward A. Zurndorfer, Certified Financial Planner
Federal benefits expert, Ed Zurndorfer, outlines how a recent change to the Internal Revenue Code may make the purchase of long-term care insurance more appealing to more individuals . . . more

First-Time Homebuyer Credit Closing Deadline Extended to September 30, 2010
July 7, 2010
Here are five facts from the Internal Revenue Service about the First-Time Homebuyer Credit and how to claim it . . . more

Federal Retiree Testifies on How Long-Term Seasonal Employment Negatively Affected Her Retirement Benefits
July 6, 2010
A federal retiree testified last week in a House hearing that her employer, the IRS, took 16 years to upgrade her from a seasonal to permanent worker, which significantly lowered the annuity she receives in retirement . . . more

Does Rolling Over Your TSP Account to a Traditional IRA Make Financial Sense?
Edward A. Zurndorfer, Certified Financial Planner
Many federal employees who are getting close to their retirement date or who are contemplating leaving federal service face the question of what to do with their Thrift Savings Plan (TSP) accounts. One withdrawal option is to rollover or to transfer their TSP accounts to a traditional IRA. Does a rollover or a transfer of the TSP to a traditional IRA make good financial sense? Federal benefits expert, Ed Zurndorfer, discusses the advantages and disadvantages. . . . more

Federal Employee Pay Freeze Proposal Defeated in Senate
June 21, 2010
An amendment to the Senate Tax Extenders bill that would have frozen pay for all civilian federal employees was defeated last week in a 57-41 vote . . . more

How National Health Care Reform Will Affect Federal Employees
Edward A. Zurndorfer, Certified Financial Planner
Many federal employees will see changes to their health care benefits most likely starting next January due to the new health care reform law. While it is somewhat early to know precisely what the full impact of it will be, federal benefits expert, Ed Zurndorfer, says it's not too early for federal employees to consider some of the financial consequences, along with some possible financial planning strategies for managing these consequences . . . more

NTEU Opposes Efforts in Senate to Freeze Federal Pay
June 15, 2010
The head of the National Treasury Employees Union (NTEU) today took sharp issue with a proposed amendment to Senate tax legislation that would freeze the pay of federal salaries . . . more

Social Security Averages 40% of Income of Elderly
June 3, 2010
Social Security was the largest source of income for those currently age 65 and older, accounting for nearly 40 percent of their income on average, in 2008, according to a study released today . . . more

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

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