Seniors may use reverse mortgages to help supplement retirement income, but a growing percentage have defaulted and are at risk of losing their home to foreclosure more…
Recent Articles
GAO: To Improve CPI Indexes Used to Calculate Retirement COLAs, Data Should Be Evaluated
“As the life expectancy of Americans continues to increase, more Americans will be subject to these adjustments, so it is critical for them to be accurate,” the GAO said… more…
Why the Roth TSP Could Be Beneficial to Many Federal Employees Due to SECURE Act
Federal benefits expert, Ed Zurndorfer, explains why Thrift Savings Plan participants should consider reassessing which TSP account (traditional or Roth) to contribute to — and in what amounts more…
OPM: Federal Employee Health Benefits Are ‘Essential’ Services During Government Shutdowns
A proposed rule would deem services under the Federal Employees Health Benefits Program and the Federal Employees’ Group Life Insurance Program as essential during any future lapse in appropriations more…
Bipartisan House Members Call for 3% Federal Pay Raise in 2021
A bipartisan group of 10 House lawmakers last week said federal employees should receive the same pay raise as the military next year more…
Last Minute Tips for 2019 Federal Income Tax Return Filers
Federal benefits and tax expert, Ed Zurndorfer, discusses payment extensions, how to amend returns, and special state income tax filing requirements more…
Traditional IRA Contributions Made by July 15 Count as 2019 Tax Deduction
Contributions to traditional Individual Retirement Arrangements (IRAs) made by the postponed tax return due date of July 15, 2020, are deductible on a 2019 tax return. more…
Some Military Service Can Receive Extra Earnings Credits, Increasing Social Security Retirement Benefits
Federal benefits expert, Ed Zurndorfer, explains how under certain circumstances “special earnings” will be credited to a Uniformed Service member’s military pay record for Social Security purposes more…
60-Day Limited Period for FSAFEDS Changes to Existing Elections
Federal benefits expert, Ed Zurndorfer, explains why OPM is offering this special mid-year election period (ending Aug. 29, 2020) and what FSAFEDS participants need to do in order to make changes to their FSA accounts — including the Health Care FSA (HCFSA), Dependent Care FSA (DCFSA) and the Limited Expense Health Care FSA (LEX HCFSA). more…
July 15 Tax Deadline Approaching: Filing 2019 Returns, Making 2019 IRA Contributions, Paying Balances, and More
Federal benefits and tax expert, Ed Zurndorfer, discusses additional implications of the 2019 federal income tax filing extension to July 15, 2020 more…