The House version of the proposal would generally replace the provision with a new formula and provide a rebate payment starting in 2020 for individuals affected by the current WEP more…
Recent Articles
Review Your Homeowner’s Insurance Before a Disaster Hits
Recent floods from hurricanes and destruction from wildfires have taught many of homeowners one thing: They most probably have inadequate homeowner’s insurance more…
Oct. 15 Deadline: Reversing Roth IRA Conversions and Filing Income Tax Returns for 2017
Federal benefits expert, Ed Zurndorfer, provides tips for individuals recharacterizing 2017 Roth IRA conversions and those who required extensions for filing their 2017 income tax returns more…
Phased Federal Retirement Program Has Weak Participation
Since its introduction in 2014, just over 400 federal employees have chosen it more…
Credit Freezes Are Now Free
Under a new law, consumers concerned about identity theft or data breaches can freeze their credit and place one-year fraud alerts for free more…
4 Rules Federal Employees Should Know About Roth IRA Conversions
Federal benefits expert, Ed Zurndorfer, outlines some important cautions — and tax consequences — for those considering a conversion of their traditional IRAs to Roth IRAs more…
Retirees With Pension and Annuity Income Should Review Tax Withholding ASAP
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…