With Roth IRAs — together with Roth TSP accounts — federal employees can save for their future retirement in a tax-free way. Any Roth accounts remaining at their deaths can be passed on to family members tax-free. However, high-earning federal employees who may be limited or even barred from contributing to a Roth IRA. Ed Zurndorfer outlines three more methods to fund their Roth IRA. Practical examples are included more…
Social Security Says It Could Take More Than One Year to Implement Repeal of WEP, GPO
The Social Security Administration provided a Q&A on how the new law affects many beneficiaries including information on Medicare premium payments more…
Some Considerations on OPM’s Deferred Resignation Program
Ed Zurndorfer breaks down some of the issues federal employees should consider regarding the “deferred resignation program” offered by the Office of Personnel Management. Includes references to opinions from groups representing federal employees more…
Preparing for the DOGE Workforce Reductions
Chris Kowalik discusses how to control your response by knowing your options in advance. It includes reviewing the likely scenarios for various groups of federal employees, eliminating most of the uncertainty by knowing your numbers, understanding the consequences of leaving government service early, and creating your checklist of must-do “pre-notice” action items more…
Trump Administration Offers ‘Deferred Resignation’ to Most Federal Employees
The “Deferred Resignation Program” email states those federal employees receiving the offer must resign by February 6. A Q&A on the program is provided more…