In a recent survey, during the 2023 tax season, 23 percent of those who received Social Security for three years or more said they paid tax for the first time more…
10 Costly TSP and IRA Rollover Errors Federal Employees and Retirees Should Avoid
Many Thrift Savings Plan participants who own traditional IRAs and Roth IRAs choose at some time to rollover their TSP account and/or IRAs. While a rollover does not have to be a stressful experience, rollover errors can be costly. Ed Zurndorfer discusses how federal employees and retirees can avoid ten of the costliest mistakes more…
2025 Federal Pay Raise Proposed at 7.4%
Congressman Gerry Connolly (D-VA) and Senator Brian Schatz (D-HI) reintroduced legislation last week that would provide federal employees with a 2025 pay raise of 7.4 percent more…
Maximizing Social Security Benefits and the ‘Deemed Filing’ Rule
Many individuals preparing to claim Social Security retirement benefits are not aware of the Social Security “deemed filing” rule. Ed Zurndorfer explains it, and provides suggestions for married couples in which both spouses are eligible for a Social Security monthly retirement benefit as to how maximize their lifetime benefits more…
OPM Restricts Salary History in Setting Federal Pay
The Office of Personnel Management issued a final rule Tuesday eliminating the use of non-federal salary history in establishing pay for job offers to newly-hired or returning federal employees more…