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Financial Planning Resources for Federal & Postal Employees

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Articles by Edward A. Zurndorfer, CERTIFIED FINANCIAL PLANNER®

Edward A. Zurndorfer is a CERTIFIED FINANCIAL PLANNER®, Chartered Financial Consultant, Chartered Life Underwriter, Certified Employee Benefits Specialist and Enrolled Agent in Silver Spring, MD and the owner of EZ Accounting and Financial Services, an accounting, tax preparation and financial planning firm also located in Silver Spring, MD. He is a seminar speaker at federal employee retirement seminars throughout the country and has written numerous publications on federal retirement topics.

Understanding TSP Vesting Requirements and TSP Service Computation Date

There are federal employees who are losing their federal jobs due to reductions-in-force (RIFs) or elimination of job positions. Most of these employees are not eligible to immediately retire from federal service. A question that these employees may be asking: What happens to their Thrift Savings Plan accounts? Ed Zurndorfer discusses vesting the TSP requirements more…

Pre-Age 55 Penalty-Free TSP Withdrawals: Partial Rollover of a Traditional TSP Account to a Traditional IRA

With perhaps thousands of federal employees having to leave federal service as a result of reductions-in-force (RIFs), the question becomes for many: How to access their Thrift Savings Plan accounts? In column one of a two-part series, Ed Zurndorfer discusses how separated federal employees younger than age 55 can make penalty-free TSP withdrawals. Presented in this column is the partial rollover of a traditional TSP account to a traditional IRA more…

Retroactive Payments to Begin from Repeal of Social Security’s WEP, GPO

The Social Security Administration (SSA) announced that starting the week of February 24, 2025, it will begin to pay retroactive benefits and will increase monthly benefit payment to individuals whose monthly Social Security benefits have been affected by the Windfall Government Provision (WEP) and the Government Pension Offset (GPO). Ed Zurndorfer outlines what actions an eligible individual should take, and provides details of the implementation more…

Pre-Age 55 Penalty-Free TSP Withdrawals: TSP Annuity and TSP Monthly Payments Based on Life Expectancy

With perhaps thousands of federal employees having to leave federal service as a result of reductions-in-force (RIFs), the question becomes for many: How to access their Thrift Savings Plan accounts? In column one of a two-part series, Ed Zurndorfer discusses how separated federal employees younger than age 55 can make penalty-free TSP withdrawals. Presented in this column is the TSP annuity and TSP monthly payments based on life expectancy more…

Some Separating Federal Employees May Qualify for Discontinued Service Retirement

Over the last several weeks, there have been thousands of federal employees who have received notice that they are or will be involuntarily separated from federal service. Those employees who have 20 or more years of creditable federal service may be eligible for a discontinued service retirement (DSR). A discontinued service retirement means that an employee is eligible to retire and be able to immediately start collecting their CSRS or FERS annuity. Ed Zurndorfer discusses the DSR option and rules for CSRS and FERS employees more…