In part 2 of this 3-part series, federal benefits expert, Ed Zurndorfer, explains RMD rules for inherited Roth IRAs and for successor beneficiaries of traditional inherited IRAs and workplace retirement plan participants such as the Thrift Savings Plan more…
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FEGLI Option C (When You Have No Eligible Family Members)
Federal retirement expert, Chris Kowalik, reviews FEGLI Option C coverage and what happens when you no longer have eligible family members who are covered. more…
Legislation Would Prohibit TSP From Investing in Russia
If passed, the Terminating Securities from Putin (TSP) Act would bar the Federal Retirement Thrift Investment Board from establishing any Thrift Savings Plan funds that would include an investment of an entity based in Russia more…
4 Actions to Take Now to Avoid the FEGLI Trap
Federal retirement expert, Chris Kowalik, explains why the Federal Employees Group Life Insurance program was designed to be relatively affordable coverage while you are working — and never intended to be the long-term life insurance policy that you kept forever more…
Recently Proposed IRS Regulations on New 10-Year RMD Rule Are a Surprise – Part I
Federal benefits expert, Ed Zurndorfer, explains the major surprise: The IRS’ interpretation of how the 10-year rule for required minimum distributions applies to certain individual retirement accounts and workplace retirement plan beneficiaries more…
House Passes Bill to Increase Catch-Up Contribution Limit and RMD Age for TSP Participants
If signed into law, the SECURE Act 2.0 would increase the required minimum distributions age and increase the limit on catch-up contributions to qualified employer-sponsored retirement plans such as the Thrift Savings Plan more…
7 Retirement Regrets to Avoid
Federal retirement expert, Chris Kowalik, explains how retirement regrets have real consequences, and why it’s important to do what you can now to get ahead of the game more…
How Current and Future Federal Retirees Could Be Affected by the Postal Service Reform Act of 2022
While the new law has no effect on current federal retirees’ health benefits participation and cost, federal benefits expert, Ed Zurndorfer, says chances are good that both current and future federal retirees will be affected by similar reforms in the near future more…
The TSP Early Withdrawal Penalty
Federal retirement expert, Chris Kowalik, reveals the rules of the early withdrawal penalty (and how to avoid it) when taking money out of the TSP prior to age 59-1/2. Examples are provided.
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Federal Employee Groups Press for Higher 2023 Federal Pay Raise Than White House Recommended
While the groups support the White House’s recommendation of a 2023 federal pay raise of 4.6%, most are also pressing for a 5.1% increase more…