The IRS has reminded individuals about the upcoming tax filing extension deadline. To avoid a late filing penalty, those individuals who requested an extension to file their 2023 tax return should file their Form 1040 on or before October 15, 2024.
10 Most Common Mistakes to Avoid When Purchasing Life Insurance
Ed Zurndorfer outlines errors individuals often make — and how to correct them — when purchasing and owning a life insurance policy
Important Tax Issues for Life Insurance
Ed Zurndorfer discusses the various tax issues associated with life insurance ownership, including deductibility of premiums, and taxation of employee-sponsored policies, beneficiary proceeds and dividends
Important Extra Benefits with Some Life Insurance Policies
Life insurance riders allow an applicant to customize the policy. Some riders increase the premiums, others are added at no charge. Ed Zurndorfer provides a guide to these benefits and costs
Important Choices and Considerations for Purchasing an Individual Life Insurance Policy
Ed Zurndorfer examines some of the federal employee choices and considerations for purchasing an individual life insurance, including term vs. permanent (cash value) policies, and factors that affect the cost of premiums
Choosing the Best Life Insurance Coverage for Federal Employees
By understanding how life insurance works — and how to shop for it — a federal employee can find the best coverage to their needs. In the first column of a 5-part series, Ed Zurndorfer explains life insurance and which individuals should seek this coverage
Making a Retroactive Claim for Social Security Retirement Benefits
The Social Security Administration allows an individual who has passed their full retirement age (FRA) to file for a retroactive retirement benefit. Ed Zurndorfer explains how to do it with practical examples.
Suspending Social Security Monthly Benefits
Ed Zurndorfer explains the strategy and process for increasing Social Security benefits by suspending it until reaching full retirement age, and refiling for benefits
Withdrawal of Social Security Claim Within First Year
In the first of three columns discussing “redo” options that are available for Social Security beneficiaries, Ed Zurndorfer outlines the withdrawal of application process and strategies to claim Social Security benefits
Why Transferring Traditional TSP to a Roth IRA Makes Sense for Many Federal Employees
Many federal employees could be in a higher marginal tax bracket by the time they withdraw their traditional TSP and traditional IRA accounts. Ed Zurndorfer gives insight on why transferring a traditional Thrift Savings Plan to a Traditional IRA — and then converting to a Roth IRA — may be beneficial. Practical examples and suggested steps are provided