The Tax Cuts and Jobs Act of 2017 changed the way tax is calculated for most taxpayers — including retirees. To avoid costly surprises, the IRS recommends retirees conduct a withholding check-up using its online calculator more…
How Long Will $1 Million in Retirement Savings Last in Your State?
According to a new study, that same $1 million will last plenty long in retirement — or not nearly long enough — depending on where you live more…
IRS Extends Deadlines, Provides Tax Relief for Hurricane Florence Victims
Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments more…
Senator Introduces Bill for New ‘Climate Choice’ TSP Investment Option
If passed, it would enable federal employees to invest retirement savings without supporting the fossil fuel industry more…
If A 2019 Federal Pay Freeze Is Implemented, What Would It Include — Or Not?
Many federal employees — and retirees — are asking if a pay freeze would affect within-grade step increases or CSRS and FERS cost-of-living adjustments (COLAs). Here is some insight
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As Opposition to Pay Freeze Grows, Lawmakers Could Still Approve 2019 Pay Raise
As the House and Senate near a conference agreement for next year’s spending bill, nearly 200 Republican and Democratic lawmakers have urged passage of a minimum 1.9% pay increase more…
President Issues Notice of 2019 Federal Pay Freeze Plan
In a letter to Congress on Thursday, President Trump said he is exercising his authority to implement a 2019 pay freeze for civilian federal employees more…
Social Security Benefits Lose 34% of Buying Power Since 2000, Study Shows
The study’s findings indicate the loss occurred even though beneficiaries received a 2% annual cost-of-living adjustment for 2018. The Senior Citizens League estimates the 2019 COLA 2019 will be about 3.3% more…
Senate Approves 2019 Federal Pay Raise
While the Senate approved a pay increase for civilian federal employees for next year, it will need to resolve its differences with the House more…
Bill Would Protect Telework Participation From “Sweeping Bans”
If passed, the legislation would increase teleworking for employees at federal agencies amid proposed reduction of such options by the Trump administration more…