Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
Ed Zurndorfer explains how the incorrect required minimum distribution notices stated that traditional IRA owners have to take their first traditional RMD for 2023, when in fact they do not have to more…
Recent Articles
Senators Reintroduce Legislation to Address Tax Delinquent Federal Employees
If passed, the bill would hold tax delinquent federal employees accountable for their tax debt or unfiled tax returns more…
USPS Issues Fact Sheets Regarding New Postal Service Health Benefits (PSHB) Program
Effective Jan. 1, 2025, PSHB is a new, separate program within the Federal Employees Health Benefits (FEHB) program for postal service employees and retirees. Open season dates were also announced more…
TSP Withdrawals Fixed Payment Option
There have been numerous changes to the Thrift Savings Plan including withdrawal options. Ed Zurndorfer discusses the various withdrawal methods for separated TSP participants including the fixed dollar amount option more…
Lawmakers Request Answers to OPM Retirement Application Backlog
It has been reported that average retirement processing times have been far above the agency’s stated goal of 60 days — at least one case that has been in processing for fifteen months more…
Using OPM’s ‘Federal Ballpark E$timate’ Calculator for FERS / CSRS
The Office of Personnel Management has updated it’s online calculator that projects annuity for FERS, CSRS and Thrift Savings Plan benefits to help federal employees more…
How to Use the ‘Backdoor’ Strategy to Contribute to a Roth IRA
The backdoor Roth IRA strategy allows individuals to move funds into a Roth IRA even if they do not qualify to contribute to a Roth IRA because their income exceeds the allowable limits. Ed Zurndorfer discusses how the this strategy works — and how it can benefit some federal employees more…
OPM Reminds Federal Employees, Retirees to Use Updated Beneficiary Designation Form
The form allows the named beneficiary to receive any lump-sum benefit which may become payable under CSRS or FERS more…
Social Security Trustees Predict Reduced Benefits in 2033 Without Legislative Action
The Old-Age and Survivors Insurance (OASI) Trust Fund is projected to become depleted in 2033, one year sooner than last year’s estimate, with 77 percent of benefits payable at that time, according to the Social Security Board of Trustees annual report released Friday more…
Understanding the Rules for Deducting Home Mortgage Interest
Ed Zurndorfer explains the home mortgage interest deduction and its limitations — plus how Tax Cuts and Jobs Act of 2017 (TCJA) resulted in significant changes to this deduction more…