Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
The goals are to create new accountability mechanisms and to fix widespread problems from the TSP’s rollout of new website features last year more…
Recent Articles
Some Face First Traditional IRA Required Minimum Distribution
Ed Zurndorfer discusses what a traditional IRA RMD is, how the RMD is calculated, and the IRS penalty for not making a timely RMD more…
Federal Retirement Planning Checklist for Retiring in 5-10 Years
The last 5-10 years of a federal employee’s service represents a critical period if the employee intends to retire at the time he or she wants and with sufficient pension income and benefits that will last throughout the employee’s retirement years. Ed Zurndorfer provides a general checklist for soon-to-be retirees more…
2024 Federal Pay Raise Proposed at 8.7% by Lawmakers
If passed, the proposed Federal Adjustment of Income Rates (FAIR) Act in the House and Senate would provide a base pay raise of 4.7% plus a 4% average locality pay increase. Several employee groups have endorsed the legislation
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2024 Federal Pay Raise of 5.2% Proposed in White House Budget
If implemented, this would be the largest pay increase for federal workers in 40 years more…
The Importance of Keeping Your Personnel File Up-to-Date
Learn why an employee’s OPF is vitally important — including for retirement purposes — and how federal employees can get a copy of their OPF and make changes in case of errors or omissions more…
Choosing Between Standard Deduction and Itemizing Deductions
Ed Zurndorfer discusses some important considerations for using the standard deduction — or itemizing deductions — when filing federal income taxes more…
Understanding the Capital Gain Tax Rules When Selling a Primary Personal Residence
Real estate sales during 2022 decreased compared to sales in previous years. Ed Zurndorfer explains why it is important for federal employees and retirees — who may have sold their principal residence during 2022 — to review the IRS rules regarding the sale of a principal residence more…
Proposed Bill Would Exempt Social Security and Medicare from Debt Ceiling
Recently introduced legislation would keep Social Security and Medicare from being used in negotiations over the federal government raising the debt ceiling more…
Legislation Reintroduced to Postpone Federal Employees’ Payment Obligations During a Government Shutdown
If passed, the Federal Employee Civil Relief Act would enable government employees and contractors to postpone payment obligations during a shutdown or debt default and for 30 days afterward more…