Ed Zurndorfer explains the home mortgage interest deduction and its limitations — plus how Tax Cuts and Jobs Act of 2017 (TCJA) resulted in significant changes to this deduction more…
Legislation Would Add Inspector General to Thrift Savings Plan
The goals are to create new accountability mechanisms and to fix widespread problems from the TSP’s rollout of new website features last year more…
Some Face First Traditional IRA Required Minimum Distribution
Ed Zurndorfer discusses what a traditional IRA RMD is, how the RMD is calculated, and the IRS penalty for not making a timely RMD more…
Federal Retirement Planning Checklist for Retiring in 5-10 Years
The last 5-10 years of a federal employee’s service represents a critical period if the employee intends to retire at the time he or she wants and with sufficient pension income and benefits that will last throughout the employee’s retirement years. Ed Zurndorfer provides a general checklist for soon-to-be retirees more…
2024 Federal Pay Raise Proposed at 8.7% by Lawmakers
If passed, the proposed Federal Adjustment of Income Rates (FAIR) Act in the House and Senate would provide a base pay raise of 4.7% plus a 4% average locality pay increase. Several employee groups have endorsed the legislation
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