While the official number won’t be announced until mid-October, the estimate would be the lowest COLA since 2017 more…
Articles
Understanding the New Changes to TSP Withdrawal Options – Part 2
Federal benefits expert, Ed Zurndorfer, discusses the new rules and available options to making partial withdrawals from a TSP account — including the advantages and disadvantages. more…
OPM Makes Some Progress on Retirement Application Backlog in August
The time to process the claims remained at 56 days on average more…
Understanding the New Changes to TSP Withdrawal Options – Part I
Federal benefits expert, Ed Zurndorfer, outlines the the changes to TSP’s installment withdrawals/payments — and discusses the advantages and disadvantages more…
6 Differences Between TSP and IRAs Federal Employees and Retirees Should Know to Avoid Penalties and Tax Problems
Federal benefits and tax expert, Ed Zurndorfer, provides insight of why not understanding these differences can result in huge penalties, tax liabilities and possible loss of retirement assets more…
TSP Temporarily Suspends Withdrawal Requests
In preparation for the upcoming implementation of the TSP Modernization Act, the Thrift Savings Plan announced this week it will temporarily stop accepting withdrawal requests starting on September 7 more…
White House Recommends 2.6% Federal Pay Raise for 2020
In a surprise reversal from the previously proposed pay freeze, President Trump announced an increase for base pay — however there is no locality pay adjustment in 2020 in his proposal more…
Some Federal Employees, Retirees May Need to Make 2019 Estimated Tax Payments
Federal benefits and tax expert, Ed Zurndorfer, discusses who (and why) certain federal employees and annuitants will need to make estimated tax payments this year more…
TSP Updates FAQs on New Withdrawal Options Available in September 2019
There will be a “black-out” period for withdrawal requests from Sept. 7-14 as the TSP prepares to launch the new withdrawal options effective Sept. 15. more…
Senators Urge Thrift Savings Plan to Reverse Decision to Steer Federal Retirement Savings to China
The Senators say proposed changes to the TSP’s I fund will expose nearly $50 billion in retirement assets of federal government employees to “severe and undisclosed material risks” more…