Lawmakers reintroduced the Federal Adjustment of Income Rates Act last week, which — if passed — would provide federal employees a 3.5 percent pay increase in 2021 more…
Recent Articles
Tax Issues Facing Federal Employees Who Divorce — Part I: Dividing Income and Deductions
Federal benefits and tax expert, Ed Zurndorfer, discusses dividing up income and deductions between spouses who divorced more…
New Federal Filing Option for Taxpayers Over Age 65 (Working or Retired)
Taxpayers age 65 or older now have the option to file the new Form 1040-SR whether they are working, not working or retired… more…
Significant Changes Coming to TSP and IRAs from SECURE Act
The new rules for IRAs and the TSP mean a new landscape for retirement and estate planning for federal employees and retirees. Federal benefits expert, Ed Zurndorfer, explains why more…
IRS Launches Improved Tax Withholding Estimator to Help Workers Target the Tax Refund They Want
Starting in 2020, federal income tax withholding is no longer based on an employee’s marital status and withholding allowances, tied to the value of the personal exemption. more…
3 Retirement Resolutions You Should Make for the New Year
Federal retirement expert, Chris Kowalik, discusses three retirement resolutions you should be making in the new year — specifically how making smaller, realistic goals (and sticking to them) can lead to big results over time more…
New Long Term Care Insurance Plan FLTCIP 3.0
Federal retirement expert, Chris Kowalik, discusses who is eligible for the FLTIP 3.0 version, what options 1.0 and 2.0 participants have, changes in the benefit periods and inflation protection options, and the premium stabilization feature more…
Federal Employees Could Get Largest Pay Raise in 10 Years
Congressional appropriators reached an agreement Monday for a 2020 spending package giving federal employees the largest pay raise since 2009 more…
House, Senate Bills Would Correct Locality Pay Disparity for Federal Employees
If passed, the Locality Pay Equity Act would close this gap by applying the pay boundaries for salaried employees to hourly workers more…
What is the Best Time of Year to Take a Required Minimum Distribution?
While there’s no right or wrong answer, here are some important factors that Thrift Savings Plan participants and IRA owners should consider when making the decision more…