Ed Zurndorfer discusses the Thrift Savings Plan installment payment withdrawal option, including the fixed dollar payment amount and a payment based on life expectancy. A practical example is included
TSP Withdrawal Option: Annuity Purchase
Ed Zurndofer discusses the Thrift Savings Plan life annuity withdrawal option when an employee leaves or retires from federal service including: how much the monthly payment amount is, the types of annuity options that can be purchased, how to purchase them, and additional features that allow beneficiaries. A practical example and important reminders are included
2026 Federal Pay Raise: White House Releases Alternative Pay Plan Letter
The plan proposes an the across-the-board 2026 federal employee pay raise of 1 percent with no increase in locality pay. Some federal law enforcement officers would receive larger raises
Social Security Tax Relief Passed in New Legislation
While the new law provides tax savings to many seniors who receive Social Security retirement benefits, it does not entirely eliminate taxes on Social Security income
TSP Changed the Lifecycle (L) Funds on June 30
The Thrift Savings Plan will now have eleven L Funds which are designed to help participants target the time when they’ll need their retirement savings
Seniors Group Urges Congress to Take Action on Social Security’s Projected Shortfall
According to the 2025 Social Security Trustees Report, the combined trust funds that pay retirement, survivor, and disability benefits are projected to fall short of fully covering payments by 2034
$2400 Increase in Social Security Benefits Proposed
If passed, the Social Security Expansion Act would also ensure the long-term solvency of Social Security for 75 years
Update on Implementation of Repeal of Social Security’s WEP, GPO
The Social Security Administration (SSA) has issued updates on the progress of the implementation of the Social Security Fairness Act which repealed the Windfall Government Provision (WEP) and the Government Pension Offset (GPO). The updates answer questions of when beneficiaries will see their benefits increase, how many months of benefits they will receive, and issues regarding Medicare premiums
Update to Proposed Federal Retirement Benefits Cuts
The changes affect several provisions in legislation approved by the House Budget Committee, including an increase in FERS employee pension contributions, elimination of the FERS annuity supplement, and changing the method of calculating federal retirement annuities for new retirees
2025 OPM Retirement Booklet Now Available
The booklet gives an overview of your retirement benefits, CSRS or FERS annuity information, and survivors benefits and annuity information