Federal benefits expert, Ed Zurndorfer, discusses how court orders associated with a divorce can affect a federal employee’s CSRS or FERS annuity. more…
Advantages and Disadvantages of FERS Deferred Retirement
Federal benefits expert, Ed Zurndorfer, outlines the option for deferred retirement — including the requirements for a FERS employee to elect this option and its pros and cons. Example scenarios are provided. more…
Advantages and Disadvantages of FERS MRA+10 and MRA+20 Postponed Retirement
Federal benefits expert, Ed Zurndorfer, discusses a retirement option available to a FERS employee eligible for the MRA+10 or the MRA +20 immediate retirement. This option allows a FERS employee to avoid any reduction in their FERS annuity by opting for what is called a “postponed” retirement more…
Advantages and Disadvantages of FERS MRA+10 and MRA+20 Immediate Retirement
Federal benefits expert, Ed Zurndorfer, discusses the rules for a reduced optional retirement referred to as an MRA+10 or an MRA+20 FERS retirement. This type of immediate retirement allows an eligible FERS employee to receive an immediate annuity as early as the employee’s minimum retirement age and with as little as 10 years of FERS service more…
Recently Proposed IRS Regulations on New 10-Year RMD Rule Are a Surprise – Part 3
Federal benefits expert, Ed Zurndorfer, explains how the SECURE Act rules for required minimum distribution affect trusts as IRA and workplace retirement plan beneficiaries more…
Recently Proposed IRS Regulations on New 10-Year RMD Rule Are a Surprise – Part 2
In part 2 of this 3-part series, federal benefits expert, Ed Zurndorfer, explains RMD rules for inherited Roth IRAs and for successor beneficiaries of traditional inherited IRAs and workplace retirement plan participants such as the Thrift Savings Plan more…
Recently Proposed IRS Regulations on New 10-Year RMD Rule Are a Surprise – Part I
Federal benefits expert, Ed Zurndorfer, explains the major surprise: The IRS’ interpretation of how the 10-year rule for required minimum distributions applies to certain individual retirement accounts and workplace retirement plan beneficiaries more…
Who Has to File a Report of Foreign Bank and Financial Accounts (FBAR)?
Federal benefits and tax expert, Ed Zurndorfer, explains when Individuals who have a financial interest in, or a signature authority over, a financial account located outside of the U.S may have to file more…
Some Federal Employees and Retirees Face Two Important Deadlines: Medicare and RMDs
Federal benefits expert, Ed Zurndorfer, highlights two approaching deadlines involving taking required minimum distributions (RMDs) from retirement plans and Medicare enrollment and changes more…
Individuals Should Check on Advance Child Tax Credit and Economic Impact Payments When Preparing 2021 Tax Returns
Federal benefits and tax expert, Ed Zurndorfer, discusses what steps to take to confirm receipt of either or both of these payments. Plus, what happens when either payment is received but the individual is not eligible? Or what happens when an eligible individual did not receive either payment? more…