Federal benefits expert, Ed Zurndorfer, describes how federal employees in retirement can use financial resources from their Thrift Savings Plan, IRAs, and Health Savings Accounts to pay for the costs of long-term care more…
Recent Articles
Special Open Enrollment Period and New Flexibilities for Health Care Flexible Spending Accounts Ends June 30
In response to recent legislation and IRS guidance, the Federal Flexible Spending Account Program (FSAFEDS) is providing a Special Enrollment Period and new flexibilities for the 2020 and 2021 plan years to Health Care Flexible Spending Accounts (HCFSAs), Limited Expense Health Care Flexible Spending Accounts (LEX HCFSAs), and Dependent Care Flexible Spending Accounts (DCFSAs) more…
Most Federal Employees Will Get Friday, June 18 Off for Juneteenth
President Biden is scheduled to sign the Juneteenth National Independence Day Act into law today to make Juneteenth (June 19) a new federal holiday. more…
Legislation Would Change Fiduciary Duties of TSP’s Board
If passed, the TSP Fiduciary Security Act would modify the Federal Retirement Thrift Investment Board to include a duty not to harm U.S. national security more…
Revisiting the ‘Pro-Rata’ Rule with Respect to ‘Backdoor’ Roth IRA Conversions
Federal benefits expert, Ed Zurndorfer, explains why many federal employees are converting traditional retirement accounts (in particular, traditional IRAs to Roth IRAs) to take advantage of the current low federal marginal individual tax rates that are expected to increase during the next 5-10 years more…
White House Proposes 2.7% Pay Raise for 2022
The proposal would provide pay parity between the civilian and military workforce. But several federal employee groups are calling for a larger increase more…
How Traditional IRAs Can Bolster Traditional TSP Accounts
Federal benefits expert, Ed Zurndorfer, describes how traditional IRAs can help boost the value of a traditional TSP participant’s account while the participant continues working in federal service and after the participant has retired from federal service more…
Legislation Introduced to Ban TSP Investment in China
If passed, the Prohibiting TSP Investment in China Act would prohibit funds in the Thrift Savings Plan from investing in any security of a Chinese company more…
Understanding the Differences and Similarities in RMD Rules Between the TSP and IRAs
Federal benefits expert, Ed Zurndorfer, responds to a reader’s question on required minimum distributions for the Thrift Savings Plan vs. IRAs — plus outlines what TSP participants should do to minimize their future RMDs more…
Federal Retirement Planning Checklists
5-10 Years Prior to Federal Retirement The last five to 10 years of a federal… more…