The purpose of the Annuity Supplement is to provide a portion of retirement income to FERS employees who retire before age 62. Ed Zurndorfer discusses who is eligible (or not), steps for estimated how much it will be, how long a retiree receives supplement payments, and how it works with Social Security. Practical examples are included more…
Why 62 Is the Magic Age for FERS Employees to Retire
Chris Kowalik, outlines three potentially significant incentives for FERS employees to wait until the age of 62 to retire — plus discusses some natural by-products of waiting longer to retire more…
OPM to Federal Retirees: Forms 1099-R Are Mailed, Receive by March 18
Many federal retirees and annuitants have been waiting for weeks to receive their 1099-R form to file their 2025 taxes. OPM said the paper form of those documents were being mailed the week of March 9. If retirees do not receive the form by March 18, they should email OPM more…
Federal Employees, Retirees Should Be Aware of Paying Estimated Taxes
Most federal employees and retirees receive some type of income that is not subject to mandatory federal and state withholding taxes. Ed Zurndorfer discusses why some should make quarterly estimated tax payments to the IRS and their state tax departments more…
Understanding the Capital Gain Tax Rules When Selling a Primary Personal Residence
Ed Zurndorfer discusses the important IRS rules of the sale of a principal residence, including the $250,000-$500,000 tax exclusion, how to calculate the gain or loss of a sale, and an explanation of the three tests that apply to the owner in order to exclude capital gain (profit) and the resulting taxes. Practical examples are included