The new options are part of the TSP Modernization Act of 2017 and will provide more flexibility for when TSP participants can access money from their accounts more…
HSAs Offer Trifecta Tax Benefit: Contributions, Growth and Distributions
Federal benefits expert, Ed Zurndorfer, outlines how a Health Savings Account offers tax deductible contributions, tax-free growth, and tax-free distributions — and describes how to fund an HSA through a transfer from a traditional IRA more…
OPM Needs to Improve to Reduce Retirement Application Backlog, OIG Says
The Office of Personnel Management’s Inspector General provided a list of improvements OPM needs to make in order to meet its strategic plan in processing retirement applications for federal employees more…
Deadline for Changing TSP Monthly Payments is Dec. 15
If you have chosen to receive part or all of your Thrift Savings Plan account in a series of monthly payments, you may change and manage those payments once a year before Dec. 15. more…
2019 Tax Inflation Adjustments Announced
The IRS recently announced the annual inflation adjustments for tax year 2019, including tax rate schedules, deductions, and other changes. more…