Federal benefits expert, Ed Zurndorfer, explains how installment payments based on life expectancy work — and what the change in the rule means (with a practical example) more…
Relief for Almost Anyone Wanting to Return Unneeded 2020 Required Minimum Distribution
Federal benefits expert, Ed Zurndorfer, explains what federal employees and retirees need to know about this RMD relief and the August 31 deadline for taking action. Several practical examples are provided more…
Last Minute Tips for 2019 Federal Income Tax Return Filers
Federal benefits and tax expert, Ed Zurndorfer, discusses payment extensions, how to amend returns, and special state income tax filing requirements more…
Some Military Service Can Receive Extra Earnings Credits, Increasing Social Security Retirement Benefits
Federal benefits expert, Ed Zurndorfer, explains how under certain circumstances “special earnings” will be credited to a Uniformed Service member’s military pay record for Social Security purposes more…
60-Day Limited Period for FSAFEDS Changes to Existing Elections
Federal benefits expert, Ed Zurndorfer, explains why OPM is offering this special mid-year election period (ending Aug. 29, 2020) and what FSAFEDS participants need to do in order to make changes to their FSA accounts — including the Health Care FSA (HCFSA), Dependent Care FSA (DCFSA) and the Limited Expense Health Care FSA (LEX HCFSA). more…
July 15 Tax Deadline Approaching: Filing 2019 Returns, Making 2019 IRA Contributions, Paying Balances, and More
Federal benefits and tax expert, Ed Zurndorfer, discusses additional implications of the 2019 federal income tax filing extension to July 15, 2020 more…
IRS Announces Complete Relief for 2020 Required Minimum Distributions
Anyone who already took an RMD in 2020 from certain retirement accounts (including the TSP) now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020 more…
How Some Federal Retirees Could Lose Spousal Social Security Benefits from Government Pension Offset (GPO)
Federal benefits expert, Ed Zurndorfer, discusses what the GPO is, Congress’ rationale in passing it into law, and how it affects some federal retirees more…
FERS Special Retirement Supplement May Be Reduced Due to Excess Earnings in 2019
Federal benefits expert, Ed Zurndorfer, provides an overview of the the FERS special retirement supplement, its earning test, and how to report earnings to the Office of Personnel Management. Practical examples are included. more…
TSP Issues Updated Details on Temporary Loan and Withdrawal Options from CARES Act
Federal benefits expert, Ed Zurndorfer, discusses what loan options and withdrawal options will be available for participants affected by COVID-19. more…