In 2024, the Thrift Savings Plan updated its rules for in-service withdrawals. Ed Zurndorfer outlines the updated rules for TSP participants who make age-based (age 59.5) withdrawals more…
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OPM Announces Crack Down on Ineligible FEHB Enrollees
The Office of Personnel Management has new tools to reduce the number of ineligible enrollments in the Federal Employees Health Benefits program more…
TSP Updates Financial Hardship Withdrawal Rules
Thrift Savings Plan updated its rules for in-service withdrawals earlier this year. Ed Zurndorfer discusses the updated TSP rules for financial hardship withdrawals in this part of a two-part series more…
TSP Withdrawal Options
Chris Kowalik outlines how (and when) you can withdraw from your Thrift Savings Plan funds, the limitations on withdrawal options in retirement, and the tax consequences to expect in retirement — both good and bad more…
How to Deal With OPM’s Delay in Retirement Application Processing
Delays in receiving your first full FERS or CSRS annuity check can be 3-10 months. Ed Zurndorfer, provides a checklist of how to expedite your retirement application — plus practical tips on how soon-to-retire employees should prepare for a possible cash flow problem during the early months of retirement more…
Survey of Seniors Indicates Recent Cost-of-Living Adjustment (COLA) is Not Enough
71% of respondents say that an increase in household costs are exceeding the 3.2% COLA they received this year more…
IRA Beneficiaries Get More Time to Make Traditional IRA RMDs
Ed Zurndorfer explains why any non-spouse beneficiary (with some exceptions) of a traditional IRA whose owner died after December 31, 2019, and who must withdraw the entire inherited traditional IRA within 10 years of the death of the traditional IRA owner, does not have to withdraw any inherited IRA funds during 2024 more…
Understanding Social Security Widow/Widower Benefits
Ed Zurndorfer discusses Social Security widow/widower benefits including when and how a surviving spouse can receive a survivor benefit and how these benefits can assist the surviving spouse meet financial needs more…
Why Your Agency’s Retirement Estimate Isn’t Enough
Chris Kowalik discusses three areas where federal employees need to pay special attention to when they’re requesting and reviewing the retirement estimate from their agency more…
Social Security and Children’s Benefits
In addition to retirement income, Social Security can also serve as a lifeline for children when one or both of a child’s parents retires, becomes disabled, or dies. Ed Zurndorfer discusses children’s Social Security benefits including which children are eligible, when these benefits are reduced and stop, and how parents can apply for them more…