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Monthly Archives: September 2022

How to Make Penalty-Free Pre-Age 59.5 Traditional IRA Withdrawals

09/30/2022
Ed provides insight on SEP exceptions and 72(t) withdrawals – both can allow pre-age 59.5 withdrawals without penalties. Edward A. Zurndorfer Tax-advantaged retirement accounts such as traditional IRAs provide individuals with many valuable benefits. In exchange, traditional IRA owners have ... Read More

Quiz 25: Federal Retirement, Life Insurance, and Changing Agencies

09/30/2022
Are you getting ready for retirement? Stay prepared with our weekly quizzes. [ays_quiz id=”25″] Federal Retirement Quiz

FEDLIFE Podcast: Life Insurance 101 for Federal Employees

09/29/2022
Did you know that 70% of Americans say they need life insurance but don’t really understand how it works? FEDLIFE Podcast (ep. 81): Life Insurance 101 for Federal Employees In light of September being Life Insurance Awareness Month, this week ... Read More

Pursuing A Job in a Different Government Agency – Ch. 3: More Skills

09/29/2022
The third piece from our Coach’s Corner about deciding to take a job at a different government agency- by Bob Oberleitner contact the coach [email protected]  Federal Retirement Webinars Chapter Three: More Skills According to OPM, there are over 2 million ... Read More

USPS News: Latest on the Upcoming Postal Service Health Plans

09/28/2022
Recent word from White House sheds some light on upcoming health insurance options only accessible by USPS workers. Of the roughly 2.1 million federal workers currently employed by the US Government, about 653,000 of those are USPS employees, meaning USPS ... Read More

2023 COLA Update: 8.7% is Best Bet. Plus, WEP and GPO Finally Done For?

09/27/2022
Social Security news: 2023 COLA looking like 8.7%  + legislation to eliminate the WEP and GPO makes it out of House committee. In the middle of Summer, as inflation was rising, the CPI-W index was indicating the 2023 Cost-of-Living Adjustment ... Read More

2023 TSP Contribution Limit Likely to Increase by $2000 from 2022

09/27/2022
The latest figures on inflation and cost-of-living adjusts suggest a substantial annual increase to TSP contribution limits. How much can be contributed to a savings account? For retirement plans like 401(k)s, the TSP, and 403(b)s, which are employer-based, there is ... Read More

Workplace Safety Plan Legislation Gets Approved by Committee

09/26/2022
A congressional committee has okayed a bill to move to a vote on the House floor. The bill would require agencies to develop a safety plan. In 2021, one of the representatives from Virginia, Gerry Connolly, introduced a bill that ... Read More

Quiz 24: TSP, Life Insurance, and Special Provisions

09/23/2022
Don’t miss this week’s quiz for federal employees. [ays_quiz id=”24″] Federal Benefits Quiz

Understanding the Advantages and Disadvantages of Pension Maximization

09/22/2022
The fourth article from Ed about Life Insurance Options for feds – make sure you get all the details about “pension-max” Edward A. Zurndorfer This is the fourth of four FEDZONE columns during the month of September in conjunction with ... Read More