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 reveals opportunities outside of direct Roth IRA contributions that will allow them to fund their Roth IRAs. Practical examples are included more…
FERS Postponed Retirement
Ed Zurndorfer outlines the postponed retirement option for those in the Federal Employees Retirement System (FERS) including the strategy to minimize or eliminate the annuity reduction. Several practical examples are included more…
How Will The Social Security Fairness Act Affect Federal Employees & Retirees?
While currently the Social Security Administration is evaluating how to implement the new law repealing Social Security’s Windfall Elimination Provision and the Government Pension Offset, here’s what federal employees, retirees and spouses should know (and do) now. Includes online tool to estimate how much of their Social Security benefits have been — or would be reduced — due to the WEP and GPO more…
5 FEHB Premium Questions Federal Employees Have Going into Retirement
Chris Kowalik addresses some important questions people have at retirement on the Federal Employees Health Benefits program — including what percentage of your premium is covered by the government, and how enrolling in Medicare affects premiums more…
FERS Deferred Retirement Option
Ed Zurndorfer discusses the option for FERS employees who elect to leave federal service before they are eligible for an immediate (and unreduced FERS annuity) retirement and may be eligible to receive their FERS annuity at a later date more…