Retirees born before July 1, 1948 usually must take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans, such as the Thrift Savings Plan, by Dec. 31. more…
Recent Articles
Will Federal Employees Get a Pay Raise in 2019?
A spending package negotiation in Congress (due Dec. 21) will likely be the deciding factor more…
TSP Relaxes Hardship Withdrawal Rules for Hurricane Victims
The Thrift Savings Plan is making a temporary change to the financial hardship withdrawal rules for participants affected by Hurricanes Florence or Michael more…
OPM Finalizes 6 New Locality Pay Areas Affecting 70,000 Federal Employees
The changes are applicable on the first day of the first pay period beginning on or after Jan. 1, 2019 more…
OPM Provides Guidance for Federal Employees for Wed., Dec. 5th Government Closure
Most civilian federal employees will get an excused day off from work. The Office of Personnel Management has provided specific guidance for federal employees in this memo more…
Health Care Flexible Spending Account Offers Alternative to Health Savings Account
What is a Health Care Flexible Spending Account? How does it compare to a Health Savings Account? Or a Health Reimbursement Arrangement? Federal benefits expert, Ed Zurndorfer, clears up the confusion and discusses the benefits for federal employees more…
TSP Making Changes to Lifecycle (L) Funds in January 2019
The Thrift Savings Plan will increase the proportion of its L Funds that are invested in stocks over a period of several years more…
TSP to Rollout New Withdrawal Options in Mid-September 2019
The new options are part of the TSP Modernization Act of 2017 and will provide more flexibility for when TSP participants can access money from their accounts more…
HSAs Offer Trifecta Tax Benefit: Contributions, Growth and Distributions
Federal benefits expert, Ed Zurndorfer, outlines how a Health Savings Account offers tax deductible contributions, tax-free growth, and tax-free distributions — and describes how to fund an HSA through a transfer from a traditional IRA more…
OPM Needs to Improve to Reduce Retirement Application Backlog, OIG Says
The Office of Personnel Management’s Inspector General provided a list of improvements OPM needs to make in order to meet its strategic plan in processing retirement applications for federal employees more…