Federal benefits expert, Ed Zurndorfer, explains how federal employees enrolled in FSAFEDS can get tax relief through flexibility in 2020 more…
Is Now a Good Time to Refinance Student Loans?
With record low interest rates available, federal employees or family members with student loans might be thinking of refinancing. Federal benefits expert, Ed Zurndorfer, outlines important considerations, alternatives and mistakes to avoid more…
Is Now a Good Time to Refinance a Mortgage?
With record low interest rates, now may be a good time for federal employees to refinance their mortgage. Federal benefits expert, Ed Zurndorfer, provides four questions to help guide your decision… more…
Past Age 70.5 Traditional IRA Contributions Can Result in ‘Taxable’ Qualified Charitable Distributions Under SECURE Act
A QCD is a withdrawal from a traditional IRA and donating it directly to a qualified charity. Federal benefits and tax expert, Ed Zurndorfer, discusses the tax benefits of QCDs — including using them to fulfill the required minimum distribution (RMD) requirement. Practical examples are included… more…
A Different Approach for Charitable Giving During 2020 for Federal Employees and Retirees
New laws (the SECURE and CARES Acts) have provided confusion and challenges for many in regard to charitable giving. Federal benefits and tax expert, Ed Zurndorfer, outlines what federal employees and annuitants should do to save on federal and state taxes more…
FAQs: Suspension of Required Minimum Distributions for 2020
Federal benefits expert, Ed Zurndorfer, provides timely answers to the recent suspension of RMDs for defined contribution plans (including the Thrift Savings Plan) and traditional IRAs more…
How Waiver of RMD Payments Affects Federal Employees, Retirees in 2020 Under CARES Act
Federal benefits expert, Ed Zurndorfer, provides practical examples of how the coronavirus relief legislation allows the suspension of required minimum distributions for defined contribution plans (including the Thrift Savings Plan) and traditional IRAs more…
How Will COVID-19 Virus Crisis Impact Federal Employees’ Retirement Plans?
Federal benefits expert, Ed Zurndorfer, outlines important issues affecting federal employees’ plans to retire — including the Thrift Savings Plan, Social Security. Medicare, pay increases and COLAs more…
Personal Casualty Losses Occurring in 2019 May Be Deductible on 2019 Tax Return
Federal benefits and tax expert, Ed Zurndorfer, discusses what a federal declared disaster is, how a casualty loss is computed, and how it is deducted on a federal income tax return more…
Under New Law, Is a 2018 State Tax Refund Received in 2019 Considered Taxable Income in 2019?
Federal benefits and tax expert, Ed Zurndorfer, describes why any individual who itemized their 2018 federal income taxes must determine if a state income tax refund is taxable income for 2019 more…