Proposed rules published in the Federal Register outline an annual maintenance fee, per trade fees, plus limits and requirements for fund transfers more…
Recent Articles
Thrift Savings Plan 1099-R Forms for 2021 Have Been Mailed
The TSP announced its schedule for January 2022 including information about when transactions (including withdrawals and installment payments) will be processed and when IRS Form 1099-R will be posted for tax purposes more…
Jan. & Feb. are Good Months for Federal Employees to Make 2021 IRA Contributions
Federal benefits expert, Ed Zurndorfer, discusses the rules for making 2021 contributions to the three types of IRAs: Traditional “deductible” IRA, Traditional “nondeductible” IRA, and Roth IRA more…
Proposal Would Give Federal Employees 5.1% Pay Raise in 2023
If passed, the Federal Adjustment of Income Rates (FAIR) Act would provide federal employees with a 4.1% across-the-board raise plus an average 1% increase in locality pay more…
Medicare’s General Enrollment Period: What Does It Mean for Federal Employees and Retirees?
Federal benefits expert, Ed Zurndorfer, discusses who may need to take advantage of the current Medicare GEP (Jan. 1 – March 31, 2022) — plus the enrollment procedures, monthly premium cost, and possible late enrollment penalties more…
Check Economic Impact Payments and Advanced Child Tax Credit
Federal benefits and tax expert, Ed Zurnndorfer, discusses some key items related to these payments for individuals to check on prior to preparing and filing their 2021 federal income tax returns more…
Deadline Approaches for Required Minimum Distributions (RMDs)
Required minimum distributions from many retirement savings plans and individual retirement accounts must usually be taken by Dec. 31. FAQs and other resources are provided more…
New IRS Life Expectancy Tables Will Impact Many Federal Employees and Retirees on Jan. 1, 2022
Federal benefits expert, Ed Zurndorfer, discusses the impacts of new life expectancy tables for calculating required minimum distributions (RMDs) for IRAs, the Thrift Savings Plan and other retirement plans more…
Federal Employees Should Act Now to Avoid Missing 2021 Tax Savings Opportunities
Federal benefits and tax expert, Ed Zurndorfer, outlines tax moves that many federal employees should consider performing in order to reduce their 2021 federal tax liability more…
Proposed Legislation Would Expand Social Security, Repeal GPO and WEP
If passed the “Social Security 2100: A Sacred Trust” bill would increase Social Security benefits, improve the cost-of-living adjustment (COLA) calculation, and change and repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) more…