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…
Lawmakers Request Answers to OPM Retirement Application Backlog
It has been reported that average retirement processing times have been far above the agency’s stated goal of 60 days — at least one case that has been in processing for fifteen months more…
Using OPM’s ‘Federal Ballpark E$timate’ Calculator for FERS / CSRS
The Office of Personnel Management has updated it’s online calculator that projects annuity for FERS, CSRS and Thrift Savings Plan benefits to help federal employees more…
How to Use the ‘Backdoor’ Strategy to Contribute to a Roth IRA
The backdoor Roth IRA strategy allows individuals to move funds into a Roth IRA even if they do not qualify to contribute to a Roth IRA because their income exceeds the allowable limits. Ed Zurndorfer discusses how the this strategy works — and how it can benefit some federal employees more…
OPM Reminds Federal Employees, Retirees to Use Updated Beneficiary Designation Form
The form allows the named beneficiary to receive any lump-sum benefit which may become payable under CSRS or FERS more…