Federal retirement expert, Chris Kowalik, helps FERS employees to understand the potentially significant incentives in store for them if they can hang on to retire from federal service until age 62. more…
There’s A Lot to Love About the Thrift Savings Plan – and Some Surprises, Too
Federal retirement expert, Chris Kowalik,helps federal employees better understand their TSP options while working, and begin to leverage the TSP to be a powerful part of their bigger retirement picture. Plus — a few bonuses and challenges to help them make the most out of their TSP experience more…
How to Submit a Healthy Federal Retirement Application Package
Learn how — after making sure all documents, forms and information are complete — a retiring federal employee will be submitting a “healthy” federal retirement package under OPM’s guidelines, thereby avoiding unnecessary delays in processing of their retirement application package more…
Federal Public Safety Employees Can Make Penalty-Free TSP Withdrawals Starting at Age 50
The Defending Public Safety Employees Retirement Act of 2015 amended the Internal Revenue Code to allow specified federal law enforcement officers, customs and border protection officers, federal firefighters and air traffic controllers who separate from service during or after the year they become age 50 to make withdrawals from the TSP without incurring a 10 percent early withdrawal penalty. Federal benefits expert, Ed Zurndorfer, discusses what the new law means to federal employees who are eligible to take advantage of the new law more…
Video: TSP 10% Early Withdrawal Penalty Tax
If you receive a TSP distribution before you reach age 59½, you may be subject to a 10% early withdrawal penalty tax in addition to the regular income tax. more…