Ed Zurndorfer discusses how a Thrift Savings Plan account can be used to fund a Roth IRA — specifically, the tax-free direct rollover of a portion of a traditional TSP account to a traditional IRA, which in turn is converted to a Roth IRA (a taxable event) more…
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Thrift Savings Plan ‘My Account’ Dashboard to Get New Features
The new layout will allow TSP participants to easily view their account balance, rate of return, and year-to-date contributions. Secure mailbox notifications and a personalized to-do list will also be added more…
Using a TSP Life Annuity
Ed Zurndorfer discusses the TSP withdrawal method of a life annuity including how to purchase it, the various options, features available for beneficiaries, and some important reminders when choosing this method. more…
FEHB and Medicare: Helpful Resources from OPM
The Office of Personnel Management offers several resources for federal employees and retirees regarding Medicare explaining how it works with the Federal Employees Health Benefits (FEHB) program more…
Proposed Legislation Would Require FEHB Carriers to Cover Infertility Treatments
If passed, the Family Building FEHB Fairness Act would require Federal Employees Health Benefit carriers to cover in-vitro fertilization (IVF) and assisted reproductive technology (ART) services for federal employees more…
TSP Withdrawal Payments Based on Life Expectancy
Ed Zurndorfer discusses the withdrawal option of Thrift Savings Plan payments for separated participants based on life expectancy. Includes an in-depth example more…
Some May Have Received Incorrect RMD Notices in Early 2023
Ed Zurndorfer explains how the incorrect required minimum distribution notices stated that traditional IRA owners have to take their first traditional RMD for 2023, when in fact they do not have to more…
Senators Reintroduce Legislation to Address Tax Delinquent Federal Employees
If passed, the bill would hold tax delinquent federal employees accountable for their tax debt or unfiled tax returns more…
USPS Issues Fact Sheets Regarding New Postal Service Health Benefits (PSHB) Program
Effective Jan. 1, 2025, PSHB is a new, separate program within the Federal Employees Health Benefits (FEHB) program for postal service employees and retirees. Open season dates were also announced more…
TSP Withdrawals Fixed Payment Option
There have been numerous changes to the Thrift Savings Plan including withdrawal options. Ed Zurndorfer discusses the various withdrawal methods for separated TSP participants including the fixed dollar amount option more…