Ed Zurndorfer gives an overview of an often confusing topic: Understanding what the cost-of-living adjustment (COLA) is, how it is computed, and how it affects CSRS and FERS annuities, survivor annuities, and other federal employee death benefits. Several practical examples are included more…
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Roth IRAs and Potential Estate Tax Savings
Ed Zurndorfer discusses how converting traditional IRAs, and/or rollovers of traditional TSP to traditional IRAs (which are then converted to Roth IRAs) can result in estate tax savings for federal retirees more…
IRS Postpones Mandatory Roth Catch-Up Retirement Contributions Until 2026
Eligible federal employees aged 50 and older can continue making catch-up contributions to the traditional Thrift Savings Plan rather than being required to have their catch-up contributions go the Roth TSP more…
With Average 86% Increase in FLTCIP Premiums, Self-Insuring Long Term Care Becomes a Consideration
Ed Zurndorfer explains why an increasing number of federal employees and retirees may want to consider self-insuring as a means of supplementing their FLTCIP LTC coverage rather than pay additional premiums in order to keep their FLTCIP benefits more…
IRS Provides Fix to Mischaracterized RMDs
Ed Zurndorfer discusses the IRS’ guidance and relief for those who may have mistakenly taken a required minimum distribution from a retirement plan during 2023. The deadline is Sept. 30 more…
Deadline for Federal Employees Who Inherit Individual Retirement Account Assets
September 30 is an important date when it comes to IRAs in which the IRA owner named multiple beneficiaries. It is the deadline for determining whether the IRA has designated beneficiaries more…
Many Long-Term Care Insurance Enrollees Affected by Premium Increase Effective Jan. 1, 2024
FLTCIP enrollees were sent sent letters this month about the premium increase with personalized options more…
Requirements & Choices to Maintain FEGLI Optional (A, B, C) Insurance in Retirement
Ed Zurndorfer discusses the eligibility requirements and choices of how much of their Option A, Option B and Option C Federal Employees Group Life Insurances they want to retain in retirement more…
Maintaining FEGLI Basic Life Insurance in Retirement
Ed Zurndorfer outlines the requirements and choices a federal employee has to keep the Federal Employees Group Life insurance “Basic Insurance” into retirement. Practical examples are included more…
Understanding the Different Types of Term Life Insurance
Ed Zurndorfer discusses the several types of individual term life insurance policies and how they work more…