Ed Zurndorfer discusses what happens to a saver’s or an investor’s assets when the institution they have deposited or invested their money in fails more…
IRS Reminds Individuals Over Age 72 to Withdraw from Traditional IRAs Before Dec. 31, 2022 to Avoid Penalties
Ed Zurndorfer discusses the traditional IRA required minimum distribution deadline and what affected federal employees and retirees need to do in order to make sure they will not be subject to any IRS penalties more…
Naming Minor Children As IRA Beneficiaries
Ed Zurndorfer highlights some of the important issues when a traditional IRA or a Roth IRA owner wants to name a minor as a beneficiary — including required minimum distributions and trusts more…
Cryptocurrency Investors Need to Focus on Tax Issues Before Year-End
While cryptocurrencies have had a down year in 2022, the IRS in not losing interest in them. Ed Zurndorfer explains why cryptocurrency holders should focus on some of the tax issues associated with this type of investing more…
Year-End Tax Moves to Make Before 2023
Ed Zurndorfer outlines some actions that federal employees and retirees should consider performing during this last week of 2022 more…
2023 Thrift Savings Plan Strategies Federal Employees Should Consider
Ed Zurndorfer highlights important considerations for Thrift Savings Plan participants including contributions in both 2022 and 2023, Traditional vs. Roth TSP decisions, and required minimum distributions (RMDs). Several examples are provided. more…
Spousal Survivor Annuitants Also Need to Make Decisions During Federal Benefits Open Season
Ed Zurndorfer outlines the decisions that spousal survivor annuitants can make with respect to their health, dental and vision insurance and flexible spending accounts during the current open season. more…
What Is a Health Reimbursement Account and Who Can Own One?
Some federal employees do not fulfill the requirements to contribute to an Health Savings Account (HSA). Ed Zurndorfer discusses how an alternative (the Health Reimbursement Account or HRA) works, the differences between an HRA and an HSA, and how those who have access to an HRA can utilize its tax-free withdrawals to pay qualified medical expenses more…
How Federal Employees Can Benefit from the Dependent Care Flexible Spending Account or Dependent Care Tax Credit
Ed Zurndorfer discusses the DCFSA and how federal employees can benefit by utilizing it when they have to pay for daycare expenses for qualifying relatives more…
Health Care Flexible Spending Accounts Can Help Ease the Sting of Increasing Out-of-Pocket Medical Expenses
Ed Zurndorfer discusses why federal employees who have never enrolled in an FSA should consider it for 2023 (and why those currently enrolled should reenroll) more…