Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
OPM last week issued a list of FEHB plan choices where the enrollee share of premiums for the Self Plus One enrollment type is higher than for the Self and Family enrollment type for the 2023 plan year more…
Recent Articles
How to Reduce Medicare IRMAA and Medicare Supplemental Insurance Premiums
Ed Zurndorfer presents strategies to help a Medicare Part B beneficiary avoid or minimize the Income Related Monthly Adjustment Amount (IRMAA), and provides suggestions on how to minimize the cost of Medicare supplemental health insurance plan premiums more…
Medicare Part B and Appealing High Premiums
Ed Zurndorfer discusses how much Medicare Part B beneficiaries pay each year in monthly premiums and appealing higher premiums that are the result of Income Related Monthly Adjustment Amounts (IRMAA) more…
Many Federal Employees Overlook Valuable Health Care Savings During Open Season, OPM Says
The Office of Personnel management encourages federal employees to consider the tax savings available through the Federal Flexible Spending Account during the open season starting Nov. 14 more…
IRA Rules That Benefit Individuals Who Are Married Or Getting Married During 2022
Ed Zurndorfer presents three benefits of Individual Retirement Arrangements (IRAs) that many married couples may be able to take advantage of that could result in enhanced saving for their future retirement more…
Tax Moves to Take Now to Save on 2022 Taxes
Ed Zurndorfer outlines some investment and charitable tax moves that could result in 2022 federal income tax savings more…
Tax Filing Extension Deadline Approaches
A record 19 million individuals have filed a 2021 income tax filing extension with the IRS. And many individuals are still missing 2021 tax-related information that they need in order to file. Ed Zurndorfer provides suggestions for individuals who have filed a 2021 extension and who need to get their returns prepared by the Oct. 17 deadline more…
Bill Repealing Social Security’s WEP and GPO Advances in House
The Social Security Fairness Act has secured 299 co-sponsors which now allows it to be considered for a floor vote under the House rules more…
2023 COLA Estimated to be 8.7%
A nonpartisan seniors group predicted last week that the 2023 cost-of-living adjustment for Social Security retirement benefits could be as much as 8.7% — the largest increase in nearly 40 years more…
Income Tax and Estate Tax Consequences of Owning a Life Insurance Policy
Ed Zurndorfer discusses the income tax and estate tax consequences associated with owning a life insurance policy more…