The TSP website has a variety of helpful online calculators for federal employees that can assist in estimating the growth of contributions, maximizing agency-matching contributions, assessing tax treatment, determining retirement income from withdrawals, and estimating loan payments more…
Recent Articles
SECURE Act 2.0 Removes Penalty for Excess Traditional IRA Contributions
Ed Zurndorfer discusses the consequences of a federal employee making excess contributions to a traditional individual retirement arrangement (IRA) — either an individual retirement account or an individual retirement annuity more…
Exceeding the Annual Contribution Limit to the TSP and to Another Tax-Deferred Retirement Plan
Ed Zurndorfer explains how the elective deferral limit may apply to federal employees who contribute to both the Thrift Savings Plan and to another qualified retirement plan such as a 401(k), 403(b), or a 408(k)-retirement plan. more…
Treasury to Suspend Investments to TSP G Fund, Some Federal Retirement Programs to Avoid Hitting Debt Ceiling
These actions have been taken before, and the Treasury Secretary made assurances that the federal programs affected “will be made whole.” more…
FEHB Could Be Wasting $1 Billion Per Year, GAO Report Says
The report indicates that due to a lack of information about the number of ineligible family members receiving payments, the Federal Employees Health Benefits program could be wasting nearly $1 billion each year more…
10 Tips for Preparing to File 2022 Federal Income Tax Returns
Ed Zurndorfer provides 10 recommendations for federal employees and retirees for getting ready to either prepare their tax returns themselves or getting their documents and information together in order for a paid preparer to prepare their returns in the most efficient and least costly way. more…
No Lifetime RMDs for Roth TSP Participants: Ramifications for Current and Future Federal Retirees
Ed Zurndorfer discusses the ramifications of this change from the Secure Act 2.0 for Roth TSP participants who are currently in federal service and federal annuitants who own Roth TSP accounts but are ineligible to contribute to their Roth TSP account more…
New TSP RMD Rules from Secure Act 2.0
Ed Zurndorfer outlines how the passage of the SECURE 2.0 Act will result in some major changes to the required minimum distribution rules for the Thrift Savings Plan more…
What Federal Employees Who Retired Dec. 31 and Receiving Social Security Benefits Need to Know
Ed Zurndorfer discusses how some employees who retired from federal service on December 31, 2022 and who plan to continue working during 2023 (as a retired annuitant, work for a private company, or be self-employed) and receive Social Security retirement benefits may temporarily lose some or all of those Social Security retirement benefits. Also covered is the possible effect of a retiring employee’s lump-sum payment for unused annual leave hours and final paycheck on the Social Security earnings test more…
How Part of Annual Leave Lump-Sum Payment Can Be Contributed to TSP of Retiring Federal Employee
Ed Zurndorfer explains how a portion of a lump-sum payment for unused annual leave hours can be indirectly contributed into a retiring federal employee’s traditional Thrift Savings Plan account. Examples are provided more…