Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
The Office of Personnel Management finalized regulations this week to give nearly 200,000 federal employees access to the Federal Employees Dental and Vision Insurance program (FEDVIP) more…
Recent Articles
How Part-Time Service Can Affect a FERS Employee’s Benefits – Part I
Ed Zurndorfer discusses the effect of part-time FERS employment on the FERS annuity and the FERS survivor annuity more…
How Retirement Can Affect Your Credit Score
The actions of scaling back one’s lifestyle in retirement and paying off existing loans such as mortgage can result in lower credit scores. Ed Zurndorfer provides tips on what retirees should do to keep their credit scores up more…
How to Leave Your Heirs an Inheritance, Not a Tax Bill
Under recent laws, it has become more difficult for federal employees to leave their retirement savings to their children and grandchildren. Ed Zurndorfer outlines considerations and questions for those planning their legacy for future generations more…
Reform Proposed for Social Security’s Windfall Elimination Provision (WEP)
If passed, the proposed legislation could provide more retirement income for some federal employees more…
Understanding the Gift Tax Rules and Why They are Important – Part II
Ed Zurndorfer discusses the procedure of an individual’s lifetime giving and how lifetime giving may or may not lower taxes for the heirs of the individual’s estate more…
Understanding the Gift Tax Rules and Why They Are Important – Part I
Ed Zurndorfer outlines what constitutes a gift, the annual gift tax exemption, and gift tax returns. Several practical examples are provided more…
Is a Reverse Mortgage a Viable Option for Paying Long-Term Care Expenses?
Ed Zurndorfer discusses what a reverse mortgage is, how it works, its advantages and disadvantages, and how it can help employees and retirees pay the expenses associated with long-term care more…
How the Additional Pay Period in 2023 Affects Maximizing TSP Contributions
Because of because of the additional pay period during 2023, many federal employees will earn an additional leave. Ed Zurndorfer how this affects Thrift Savings Plan contribution limits for 2023 — including important deadlines more…
6 Stealth Taxes That Can Affect a Federal Employee’s Retirement
A stealth tax is levied in a way that is largely unnoticed or not recognized as a traditional tax. Ed Zurndorfer explains how many of them do not kick in until retirement, why some are difficult to avoid, and how to prepare for them more…