A retired federal employee has several options for withdrawing from their Thrift Savings Plan accounts. Ed Zurndorfer outlines the the partial TSP distribution option including its tax consequences, the limit of distributions allowed, rollovers, and required minimum distributions (RMDs). Practical examples are included. more…
Estate Planning for Unmarried Couples
An estate plan is a group of critical documents that outline end-of-life wishes in case of illness or incapacitated state. Ed Zurndorfer provides estate planning tips for unmarried couples, and a checklist of the documents that both spouses should have more…
Estate Planning for Married Couples
An estate plan is a group of critical documents that outline end-of-life wishes in case of illness or incapacitated state. Ed Zurndorfer provides estate planning tips for married couples, and a checklist of the documents that both spouses should have more…
Estate Planning for Singles
Estate planning is important for singles, couples or families. Ed Zurndorfer provides ten estate planning documents and strategies that are specifically designed for individuals more…
Why Exercise Caution in Electing the Social Security Lump Sum Retroactive Benefits Option
There is the option that allows an individual to cease their delay of Social Security benefits, apply for their monthly benefit, and then receive a lump sum payment of retroactive Social Security monthly benefits. Ed Zurndorfer explains this lump sum option, including its advantages and its disadvantages. more…
Some Social Security Beneficiaries May Lose Portion of Benefits Due to Earnings Test
Ed Zurndorfer discusses the Social Security earnings test — including how it is used and which beneficiaries are affected by it. Several practical examples are provided more…
Federal Employees and Retirees Traveling Overseas Should Check Their Health Insurance Coverage
Ed Zurndorfer provides important tips for those who plan to travel overseas. Will FEHB cover your costs? Or will you need to purchase a travel medical insurance policy? more…
Quirks of Waiting Until Full Retirement Age to Claim Social Security Benefits
Ed Zurndorfer outlines some of the challenges federal employees and retirees should be aware of when waiting until they reach FRA to start receiving their monthly Social Security benefits. Practical examples are included more…
How the One Big Beautiful Bill Act Affects Federal Employees and Retirees
Ed Zurndorfer outlines how the new legislation will affect their 2025 federal income taxes and how critical changes could affect tax planning for 2025 and beyond more…
Using QLACs to Minimize TSP RMDs and Create Guaranteed Income
Ed Zurndorfer outlines how federal employees and retirees who have Thrift Savings Plan accounts can use Qualified Longevity Annuity Contracts to reduce required minimum distributions and create guaranteed lifetime income more…