The strategy allows individuals to move funds into a Roth IRA even if they do not qualify because their income exceeds the allowable limits. Federal benefits expert Ed Zurndorfer provides 5 advisories for federal employees on this strategy more…
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Why Federal Employees, Retirees Should Recheck Federal Tax Withholding for 2018
The new tax law makes it even more important this year to having too little tax withheld — from paychecks and CSRS or FERS annuities — and facing unexpected large tax bills or penalties. Includes a list of who should check withholding, plus tips for using the IRS’s updated calculator more…
Does Your State Have an Estate or Inheritance Tax?
In addition to the federal estate tax of 40 percent, some states impose an additional… more…
Thrift Savings Plan Releases 2017 Administrative Expenses
The Thrift Savings Plan (TSP) released the 2017 net administrative expense figures last week revealing… more…
Some Federal Employees Receiving Large Tax Bills Due to Tax Reform Change
Nine federal employee groups sent an urgent letter regarding an issue with tax implications affecting a large number of federal employees and retirees. more…