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Under recent laws, it has become more difficult for federal employees to leave their retirement savings to their children and grandchildren. Ed Zurndorfer outlines considerations and questions for those planning their legacy for future generations more…
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Reform Proposed for Social Security’s Windfall Elimination Provision (WEP)
If passed, the proposed legislation could provide more retirement income for some federal employees more…
Understanding the Gift Tax Rules and Why They are Important – Part II
Ed Zurndorfer discusses the procedure of an individual’s lifetime giving and how lifetime giving may or may not lower taxes for the heirs of the individual’s estate more…
Understanding the Gift Tax Rules and Why They Are Important – Part I
Ed Zurndorfer outlines what constitutes a gift, the annual gift tax exemption, and gift tax returns. Several practical examples are provided more…
Is a Reverse Mortgage a Viable Option for Paying Long-Term Care Expenses?
Ed Zurndorfer discusses what a reverse mortgage is, how it works, its advantages and disadvantages, and how it can help employees and retirees pay the expenses associated with long-term care more…
How the Additional Pay Period in 2023 Affects Maximizing TSP Contributions
Because of because of the additional pay period during 2023, many federal employees will earn an additional leave. Ed Zurndorfer how this affects Thrift Savings Plan contribution limits for 2023 — including important deadlines more…
6 Stealth Taxes That Can Affect a Federal Employee’s Retirement
A stealth tax is levied in a way that is largely unnoticed or not recognized as a traditional tax. Ed Zurndorfer explains how many of them do not kick in until retirement, why some are difficult to avoid, and how to prepare for them more…
Additional Pay Period in 2023 Could Affect ‘Use or Lose’ Annual Leave for Many Federal Employees
While many federal employees will have an extra pay period in 2023 and accrue extra annual leave, it is important they understand how this may affect the “use it or lose it” policy for annual leave more…
How to Prepare for Financial Challenges When Retiring Overseas
Ed Zurndorfer discusses the financial challenge of a federal employee retiring overseas with respect to maintaining bank and retirement accounts, potential foreign and federal tax liabilities, health care options, and estate planning more…
Should Federal Employees Self-Insure for Future Long-Term Care?
Ed Zurndorfer provides five questions for federal employees and retirees to consider about self-insuring for their future long-term care needs more…