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Monthly Archives: May 2023

Survey Shows Most Americans Underestimate Their Social Security Income

05/31/2023
A recent study revealed that paper statements help Americans better estimate their social security benefits. A recent study collected over 14,000 responses from 5087 older Americans regarding their predictions for the amount they’d receive from social security against what they ... Read More

New RMD Rules for Non-Spousal Beneficiaries of Inherited IRAs (Part III)

05/30/2023
Understanding the New RMD Rules for Non-Spousal Beneficiaries of Inherited IRAs – Part III Ed Zurndorfer –  This is the third of a series of FEDZONE columns discussing the changes to the required minimum distribution (RMD) rules for non-spousal beneficiaries ... Read More

FedLife Podcast: Transferring a Traditional TSP to a Roth IRA

05/30/2023
In this informative episode, Ed Zurndorfer shares step-by-step guidance for individuals aged 59.5 or older looking to transfer their TSP account into a Roth IRA account. UPCOMING TSP WEBINAR FEDLIFE Podcast (Ep. 96) – Transferring A Traditional TSP To A Roth ... Read More

Introducing the Fed15 Podcast

05/26/2023
The premiere episode is about the TSP and Public Service Recognition. FED15 Podcast (Ep. 01): TSP Fast Facts and Public Service The Fed15 is a new weekly periodic podcast from the team at Serving Those Who Serve, hosted by Dan ... Read More

Retirement Quiz for Federal Employees and Annuitants

05/26/2023
This week’s quiz for feds goes over FEHB plans, Long-Term Care insurance, and new RMD rules. FEHB & MEDICARE WEBINAR [ays_quiz id=”58″] **Written by Benjamin Derge, Financial Planner, ChFEBC℠ The information has been obtained from sources considered reliable but we ... Read More

Federal Pay Raise 2024

05/25/2023
The National Federation of Federal Employees (NFFE) voiced support for RAISE Act, urging members to contact congress. Also, pay cuts hit 2/3 of rural letter carriers. The annual raise for federal employees typically gets approved by the President through an ... Read More

OPM’s Recent Attempt at Modernizing Retirement Services

05/25/2023
A look at the Chief Information Officer (CIO) of OPM’s plan to tackle the long-overdue issue of digitizing retirement services. When a federal employee applies for retirement, it requires mailing a paper packet to the OPM facility at Iron Mountain ... Read More

Another Hack Compromised Federal Employee Data

05/24/2023
A recent hack at the Department of Transportation (DOT) left over 235,000 former and current feds’ private information exposed. Since OPM’s data on individuals in the federal workforce was breached by Chinese hackers in 2014 and 2015, there have been ... Read More

What Is An “MRA+10” Retirement Under FERS?

05/23/2023
Once a federal employee reaches their MRA with 10 years of service under their belt, they’re eligible to retire and start collecting their pension. What options are available to federal employee who has reached their minimum retirement age (MRA) and ... Read More

New RMD Rules for Non-Spousal Beneficiaries of Inherited IRAs (Part II)

05/22/2023
Understanding the New RMD Rules for Non-Spousal Beneficiaries of Inherited IRAs – Part II Ed Zurndorfer – This is the second of a series of FEDZONE columns examining the changes to the required minimum distribution (RMD) rules for non-spousal beneficiaries ... Read More