There are two types of Thrift Savings Plan loans: General purpose loan with a repayment… more…
TSP Participants Should Carefully Examine 2020 Form 1099-R Statements
Federal benefits expert, Ed Zurndorfer, explains why some are receiving a Form 1099-R for 2020 as a result of the COVID-19 pandemic and how the information will be included on the TSP participant’s 2020 federal income tax return more…
House Democrats Propose 3.2% Pay Raise in 2022 for Federal Employees
If passed, the law would mandate an across-the-board increase of 2.2% and a 1% increase in locality pay more…
Recharacterizing IRA Contributions Are Still Permissible Under Current Tax Law
Federal benefits and tax expert, Ed Zurndorfer, discusses what a recharacterization is, and how it can benefit federal employees and annuitants who may have contributed to the wrong type of IRA for the year 2020 more…
Elimination of WEP and GPO Proposed in Bipartisan Legislation
The WEP and GPO reduce or eliminate Social Security benefits for many that are those who are covered by government-sponsored pension plans more…