IRS Corrects Information on 10-Year Rule on Inherited IRAs
Federal benefits expert, Ed Zurndorfer, explains the IRS' clarification of the 10-year rule with respect IRAs in which an individual was named the beneficiary of a deceased individual’s IRA more... The...
View ArticleLegislation Would Raise Age for Required Minimum Distributions, Increase...
Proposed bills in both the House and Senate would raise the age for required withdrawals (RMDs) and increase the amount for catch-up contributions for retirement savings accounts more... The post...
View ArticleLatest Thrift Savings Plan (TSP) Returns: Monthly and Annual
View the latest Thrift Savings Plan returns of the G, F, C, S, I and L funds more... The post Latest Thrift Savings Plan (TSP) Returns: Monthly and Annual appeared first on My Federal Retirement.
View Article10 Biggest Mistakes Federal Employees Make When Planning for Retirement (and...
Learn the 10 biggest federal retirement planning mistakes that many employees make before leaving civil service including CSRS, FERS, Thrift Savings plan and more more... The post 10 Biggest Mistakes...
View ArticleTreasury Suspends Investments to TSP G Fund, Some Federal Retirement Programs...
These actions have been taken before, and the Treasury Secretary assures federal retirees and employees will be not be affected more... The post Treasury Suspends Investments to TSP G Fund, Some...
View ArticleUnderstanding TSP Required Minimum Distribution Rules for Separated and...
Federal benefits expert, Ed Zurndorfer, outlines the rules for required minimum distributions (RMDs) for TSP participants who have separated or retired from federal service. Included is a discussion of...
View Article2022 Federal Retiree COLA Watch
The annual cost-of-living adjustment for the CSRS / FERS federal retirement programs and Social Security continues to trend upward for next year more... The post 2022 Federal Retiree COLA Watch...
View Article2022 Cost-of-Living Adjustment (COLA) Predicted to be 6.2%
If the projection holds until the official figure is determined in October, it would be the highest COLA increase since 1983 more... The post 2022 Cost-of-Living Adjustment (COLA) Predicted to be 6.2%...
View ArticleMost Common Federal Retirement Application Errors
Federal employees nearing retirement are encouraged to review the data in order to lessen the possible delay in receiving their benefits more... The post Most Common Federal Retirement Application...
View ArticleUnderstanding TSP Required Minimum Distribution Rules for TSP Beneficiary...
Federal benefits expert, Ed Zurndorfer, discusses the RMD rules that apply to a Thrift Savings Plan spouse beneficiary of a deceased civilian or uniformed services more... The post Understanding TSP...
View ArticleMore Leave Options Provided for Federal Employees to Get Vaccinated
Federal employees can take administrative leave to get the COVID-19 vaccination or when recovering from for adverse reactions to the dose more... The post More Leave Options Provided for Federal...
View ArticlePresident Biden Announces Plan for 2022 Federal Pay Raise
The White House issued an alternative pay plan for civilian employees providing a 2.2% across-the-board increase with an average 0.5% increase in locality pay more... The post President Biden Announces...
View ArticleTax Refund Delays Still a Problem
Many taxpayers are still reporting delays in receiving a tax refund from their 2020 returns. Here are the reasons for the delay — and a tool to check on the status more... The post Tax Refund Delays...
View ArticleWhy Dec. 31, 2021 is Not a Good Retirement Date for FERS-Covered Employees...
Federal benefits expert, Ed Zurndorfer, explains why those eligible to retire on this date should consider postponing it to January or February 2022 more... The post Why Dec. 31, 2021 is Not a Good...
View ArticleNew Federal Holiday Proposed
If the proposed bill is passed, it would honor civil rights leader Rosa Parks by designating December 1 as a new federal holiday more... The post New Federal Holiday Proposed appeared first on My...
View ArticleOPM Retirement Application Backlog Reaches New High
The Office of Personnel Management's processing time for retirement claims jumped to an average of 93 days in August more... The post OPM Retirement Application Backlog Reaches New High appeared first...
View ArticleUnderstanding the Rules for FERS Disability Retirement – Part I
Federal benefits expert, Ed Zurndorfer, discusses the statutory requirements that a FERS-covered employee must fulfill and the criteria OPM considers in determining whether to approve an application...
View Article2022 Federal Retiree COLA Watch
The annual cost-of-living adjustment for the CSRS / FERS federal retirement programs and Social Security continues to trend upward for next year more... The post 2022 Federal Retiree COLA Watch...
View ArticleFEGLI Premium Rates Are Changing Oct. 1, 2021
Changes will be made to Federal Employees' Group Life Insurance premium rates for employee Basic Insurance, Option A (most age bands), Option B (most age bands), Option C (most age bands), and...
View ArticleUnderstanding the Rules for FERS Disability Retirement – Part II
Federal benefits expert, Ed Zurndorfer, discusses a federal employee’s electing either a FERS disability retirement (which includes a FERS disability annuity) or receiving workers’ compensation...
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