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…
Recent Articles
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…
Short-Term Disability Insurance for Federal Employees Proposed in Legislation
If passed, federal employees could purchase the insurance at group rates but would be responsible for 100 percent of the premiums more…
Some Federal Employees Can Sign Up for COVID-19 Hazard Pay Lawsuit
Eligible affected federal employees can sign up for the suit on a website launched last week. more…
Individuals Should Check on Advance Child Tax Credit and Economic Impact Payments When Preparing 2021 Tax Returns
Federal benefits and tax expert, Ed Zurndorfer, discusses what steps to take to confirm receipt of either or both of these payments. Plus, what happens when either payment is received but the individual is not eligible? Or what happens when an eligible individual did not receive either payment? more…
3 Questions to Ask When Hiring a Financial Professional
Less than 25% of federal employees have ever consulted a financial professional. Federal retirement expert, Chris Kowalik, discusses why someone should engage a professional, what they should expect in the process, and what it’s going to cost more…
Non-Itemizers Allowed Charitable Deduction on 2021 Federal Income Tax Return
Federal benefits and tax expert, Ed Zurndorfer, details the specifics of this deduction and how it is claimed on an individual’s federal income tax return. more…