While there’s no right or wrong answer, here are some important factors that Thrift Savings Plan participants and IRA owners should consider when making the decision more…
Articles
TSP’s Year-End Transaction Processing Schedule for 2019
The Thrift Savings Plan has announced its schedule for withdrawals, monthly payments and all other transactions through Jan. 1, 2020 more…
End-of-Year 2019 Tax Saving Moves Start with Looking at Your 2018 Federal Tax Return
Did last year’s taxes shock you? Tax expert, Ed Zurndorfer, gives six tips (based on several lines of the 2018 Form 1040) that will hopefully reduce your 2019 federal tax liability — plus avoid surprises next year more…
Senators Want to Replace Thrift Savings Board Over Change in TSP’s I Fund
The senators say FRTIB’s decision to steer federal retirement savings to opaque Chinese firms engaged in human rights abuses and military-related activities is “short-sighted” and “foolish”
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IRS Warns Taxpayers of Gift Card Scam
The Intern Revenue Service says there are many reports of taxpayers being asked to pay a fake tax bill through the purchase of gift cards more…
Two-Step Login Authentication Becomes Mandatory in December for TSP Participants
The added security helps protect a participant’s account against fraud. An instruction sheet is provided more…
Don’t Lose Your Agency’s TSP Matching Contributions in 2020
Federal benefits expert, Ed Zurndorfer, discusses how the annual Thrift Savings Plan contribution limit works and how federal employees covered under FERS can lose some of their matching TSP contributions more…
What Is a Health Reimbursement Arrangement (HRA) — And How Does a Federal Employee or Retiree Qualify for One?
Federal benefits expert, Ed Zurndorfer, explains the benefits of an HRA under the Federal Employees Health Benefits program more…
Social Security Launches New Online Form to Report Scam Calls
The form is expected to disrupt the scam telephone calls, help reduce this type of fraud and the number of victims. A link to the form is provided more…
Federal Employees and Retirees Can Pay Medical Expenses in a Tax-Favored Way with a Health Savings Account
Federal benefits expert, Ed Zurndorfer, discusses the requirements to own and contribute to an HSA — and the benefits of making withdrawals to pay qualified medical expenses more…