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…
Recent Articles
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…
Proposed Bill Would Repeal Federal Taxes on Social Security Benefits
If passed, the You Earned It, You Keep It Act would repeal all of the federal taxation on Social Security retirement benefits beginning in 2023 more…
Federal Employees Should Review Their Life Insurance Needs and Choices
Ed Zurndorfer outlines the types of policies — their advantages and disadvantages — and the ways individuals can buy individual life insurance more…
Lump Sum Employee Benefits Paid to Eligible Beneficiaries of Deceased CSRS and FERS Employees
Ed Zurndorder explains what the lump sum credit is, the rules that apply in paying the lump-sum credit to eligible surviving family members, and the procedures the eligible surviving family must follow to apply for the lump-sum credit more…
White House Formalizes Average 4.6% Pay Raise for Federal Employees in 2023
TThe president’s alternative pay plan is an across-the-board base pay increase of 4.1% and a locality pay increase of an average of 0.5% more…