Anyone who already took an RMD in 2020 from certain retirement accounts (including the TSP) now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020 more…
Recent Articles
OPM to Allow Some Federal Employees to Keep Unused Annual Leave During Pandemic
Regulations will be soon be issued to allow some federal employees to restore “use it or lose it” annual leave due to COVID-19 more…
How Some Federal Retirees Could Lose Spousal Social Security Benefits from Government Pension Offset (GPO)
Federal benefits expert, Ed Zurndorfer, discusses what the GPO is, Congress’ rationale in passing it into law, and how it affects some federal retirees more…
34% of Retirees Say Expenses Higher Than Expected
Long-term care expenses, spending to support other family members, and travel/entertainment/leisure were more reported higher than expected more…
New TSP Loan Options Now Available for Participants Affected by COVID-19
Eligible Thrift Savings Plan participants may now apply for a general purpose loan with an increased maximum loan amount — and may also temporarily suspend payments on some TSP loans more…
IRS Postpones Deadline for Estimated Taxes to July 15
Retirees and investors often need to pay quarterly installments of estimated tax since a substantial portion of their income may not be subject to withholding more…
Legislation Introduced to Increase Per Diem Rates for Federal Employees
If passed, the bill would require the General Services Administration to take into consideration the economic impact of the coronavirus when setting future per diem rates for federal travel more…
NARFE Issues FAQs on COVID-19 Relief for Federal Employees
Updated guidance on stimulus payments, changes to the Thrift Savings Plan (TSP) and when agencies will reopen more…
IRS Offering Electronic Option for Filing Amended Tax Returns This Summer
The new electronic option will allow the agency to receive amended returns faster while minimizing errors more…
FERS Special Retirement Supplement May Be Reduced Due to Excess Earnings in 2019
Federal benefits expert, Ed Zurndorfer, provides an overview of the the FERS special retirement supplement, its earning test, and how to report earnings to the Office of Personnel Management. Practical examples are included. more…