The window will allow TSP investors to allocate funds in their account to more than 5,000 investments more…
Recent Articles
Roth Accounts Can be Useful for All Federal Employees — Retirees Could Pay Less in Medicare Part B Premiums
Federal benefits expert, Ed Zurdnorfer, explains how Roth TSP and IRA accounts can be useful for all federal employees – new, mid-career, and nearly retired – and why those retiring in the next 10 to 20 years with Roth accounts may pay less in monthly Medicare Part B premiums more…
Legislation Would Change Social Security’s COLA Calculation
If passed, the Fair COLA for Seniors Act of 2021 would potentially increase cost of living adjustments for Social Security and other federal retirement programs to reflect rising costs for seniors more…
The Importance of Naming a Successor Beneficiary to TSP and IRA Accounts
Federal benefits expert, Ed Zurndorfer, discusses the various considerations when designating a beneficiary if the primary beneficiary predeceases the account owner more…
Understanding the 5-Year Rules for Roth Accounts
Since their creation in 1998, there are still numerous questions surrounding the “5-year rules” for Roth accounts. Federal benefits expert, Ed Zurndorfer, explains these rules for Roth Thrift Savings Plan distributions, Roth IRAs, traditional TSP transfers to Roth IRAs, and conversions of traditional IRAs to Roth IRAs more…
Another Large FEHB Provider Offers Federal Employees a Credit for Vaccination
Starting July 1, GEHA is offering eligible members a $75 wellness account credit for receiving a full COVID-19 vaccination. BCBS started offering a $50 incentive last month
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TSP Participants Can Now Submit Withdrawal and Loan Forms Online
Thrift Savings Plan participants can find an up-to-date list of TSP forms that can be completed and uploaded online more…
House Indicates Support of 2.7% Federal Pay Raise for 2022
The proposal is a jump from last year’s 1.0% across-the-board increase more…
Using the TSP, IRAs and HSAs to Help Pay for Future Long-Term Care Expenses
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…
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…