In part 2 of this 3-part series, federal benefits expert, Ed Zurndorfer, explains RMD rules for inherited Roth IRAs and for successor beneficiaries of traditional inherited IRAs and workplace retirement plan participants such as the Thrift Savings Plan more…
Recent Articles
Legislation Would Prohibit TSP From Investing in Russia
If passed, the Terminating Securities from Putin (TSP) Act would bar the Federal Retirement Thrift Investment Board from establishing any Thrift Savings Plan funds that would include an investment of an entity based in Russia more…
Recently Proposed IRS Regulations on New 10-Year RMD Rule Are a Surprise – Part I
Federal benefits expert, Ed Zurndorfer, explains the major surprise: The IRS’ interpretation of how the 10-year rule for required minimum distributions applies to certain individual retirement accounts and workplace retirement plan beneficiaries more…
House Passes Bill to Increase Catch-Up Contribution Limit and RMD Age for TSP Participants
If signed into law, the SECURE Act 2.0 would increase the required minimum distributions age and increase the limit on catch-up contributions to qualified employer-sponsored retirement plans such as the Thrift Savings Plan more…
How Current and Future Federal Retirees Could Be Affected by the Postal Service Reform Act of 2022
While the new law has no effect on current federal retirees’ health benefits participation and cost, federal benefits expert, Ed Zurndorfer, says chances are good that both current and future federal retirees will be affected by similar reforms in the near future more…
Federal Employee Groups Press for Higher 2023 Federal Pay Raise Than White House Recommended
While the groups support the White House’s recommendation of a 2023 federal pay raise of 4.6%, most are also pressing for a 5.1% increase more…
Who Has to File a Report of Foreign Bank and Financial Accounts (FBAR)?
Federal benefits and tax expert, Ed Zurndorfer, explains when Individuals who have a financial interest in, or a signature authority over, a financial account located outside of the U.S may have to file more…
White House Budget Proposes 4.6% Federal Pay Raise for 2023
If implemented, this would be the largest pay increase for federal workers in 20 years more…
Government Guaranteed Savings Bonds Paying 7.1% Interest? Yes, They Are Real.
If your emergency funds are in bank accounts, it’s time to think about Series I Savings Bonds (I Bonds) from the U.S. Government. These bonds are currently paying 7.1% in interest. Certified Financial Planner, Arthur Stein, explains the advantages and disadvantages more…
Some Federal Employees and Retirees Face Two Important Deadlines: Medicare and RMDs
Federal benefits expert, Ed Zurndorfer, highlights two approaching deadlines involving taking required minimum distributions (RMDs) from retirement plans and Medicare enrollment and changes more…