Federal benefits and tax expert, Ed Zurndorfer, discusses the upcoming deadline for withdrawing excess 2019 IRA contributions, recharacterizing 2019 IRA contributions, and filing 2019 federal income tax returns on extension more…
More Federal Employees Subject to Mandatory Payroll Tax Deferral than Originally Anticipated
The IRS informed NTEU that the taxes are deferred if the gross salary is less than $3,999 after several pre-tax deductions are subtracted out, including health insurance premiums and deductions for flexible spending and health savings accounts more…
Understanding Your Future Long-Term Care Needs — Part III
Not every individual can qualify for long-term care insurance, its premiums can be unaffordable, and benefits paid may not be deployed as soon as the insured needs them. Federal benefits expert, Ed Zurndorfer, discusses some alternatives more…
TSP to Increase Automatic Enrollment Contribution to 5%
The Federal Retirement Thrift Investment Board is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the TSP on or after October 1, 2020 more…
Understanding Your Future Long-Term Care Needs — Part II
One way for paying for long-term care expenses is having long-term care insurance. Federal benefits expert, Ed Zurndorfer, outlines the Federal Long-Term Care Insurance Program (FLTCIP): who is eligible, how to apply, the benefit choices, and the options for paying premiums… more…