2023 Federal Pay Raise Update: FAIR Act Suggests 5.1%, + New Minimum Wage
01/31/2022
The FAIR Act was introduced on Capitol Hill, giving the first indication to feds for what next year’s raise will be. Also, the president raised the minimum wage for federal employees to $15/hr. Learn about FERS retirement and more by ... Read More
TSP Takes Hit After Stock Market Enters Correction Territory
01/27/2022
The stock funds in the Thrift Savings Plan (TSP) have been rattled by the stock market’s volatile month. Upcoming TSP Webinar: REGISTER HERE A stock market correction is frequently defined as a drop of 10% or more from an all-time ... Read More
Contributing to 401k & TSP: How to Avoid Excess Deferrals
01/26/2022
Learn about “excess deferrals” for those who contributed to both a TSP account and another qualified retirement account last year. Edward A. Zurndorfer Almost all federal employees participate and contribute to the Thrift Savings Plan (TSP). In addition to the ... Read More
CSRS VCP: Voluntary Contribution Program – Part IV
01/25/2022
CSRS VCP: Voluntary Contribution Program – Part IV of IV by Ed Zurndorfer << PART THREE Edward Zurndorfer- This last of four columns discussing the CSRS Voluntary Contribution Program (VCP) examines how the VCP annuity is taxed. As discussed in ... Read More
Recap of Busy Month for Federal Employees
01/24/2022
An update on the 2023 Federal Pay Raise, vaccination mandate stalled by injunction, stock market volatility, and NASA prepares for Artemis program’s first launch. Complimentary Webinars: REGISTER HERE FAIR Act Introduced Again The FAIR Act has been introduced in the ... Read More
CSRS VCP: Voluntary Contribution Program – Part III
01/21/2022
CSRS VCP: Voluntary Contribution Program – Part III << PART TWO Edward A. Zurndorfer This third of four columns discussing the CSRS Voluntary Contribution Program (VCP) examines death and survivor benefits associated with a VCP account. As discussed in the ... Read More
Remedies for Feds Who Made Excess Contributions to IRAs During 2021
01/19/2022
Put too much in your IRA last year? Ed goes over what remedies are available to federal employees. Edward A. Zurndorfer For the year 2021, all federal employees are eligible to contribute a maximum $6,000 to an Individual Retirement Arrangement ... Read More
The S-Fund in the TSP: How Small Is It?
01/18/2022
The S-Fund is one of three stock funds in the Thrift Savings Plan (TSP). Read how it works to boost your retirement savings. Upcoming TSP Webinar: REGISTER HERE The S-Fund was not one of the original 3 TSP funds that ... Read More
Understanding CSRS Voluntary Contributions – Part II << PART ONE Edward A. Zurndorfer– This second of four columns discussing the CSRS Voluntary Contribution Program (VCP) examines withdrawal options from a VCP account. The first column discussed which CSRS and CSRS ... Read More
VCP: The CSRS Voluntary Contribution Program – Part II
01/14/2022
Eligible Employees Should Consider the CSRS Voluntary Contribution Program (VCP)- Part II << PART ONE Edward A. Zurndorfer– This second of four columns discussing the CSRS Voluntary Contribution Program (VCP) examines withdrawal options from a VCP account. The first column ... Read More