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…
Recent Articles
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…
Taxpayers May Face Delays in IRS Processing Tax Returns This Year
Taxpayers should take special care this year due to several critical tax law changes and ongoing challenges related to the pandemic. The IRS provided several tips to help taxpayers have a smooth filing season more…
Federal Employees and Retirees Should Review Dental Insurance Choices
Federal benefits expert, Ed Zurndorfer, discusses why employees, annuitants, and survivor annuitants are encouraged to review their options as to how to pay their dental expenses more…
Tax Consequences of Selling a Principal Residence
Federal benefits and tax expert, Ed Zurndorfer, addresses the tax consequences of selling a principal residence including when you can exclude capital gains, use and ownership tests, and how to report it on federal income tax returns more…