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Monthly Archives: July 2024

 The FedLife Podcast: Federal Retirement and Military Service Credits

07/19/2024
The rules for making a military deposit to boost your FERS or CSRS pension from a civilian federal position. Check Out Our Next FERS Webinar for Federal Employees – REGISTER HERE The FedLife Podcast: Federal Retirement and Military Service Credits ... Read More

Federal Employee Annual Leave: Accrual & Retirement Explained

07/18/2024
Accumulation of Annual Leave For full-time employees employed for less than three years, half of a day of annual leave is accrued each pay period (4 hours every two weeks), totaling 13 days, or 104 hours, every year. With 3 ... Read More

 The Fed15 Podcast: Maximizing TSP Contributions; Habit Stacking and Catch-up Contributions 

07/17/2024
Dan and Katelyn discuss strategies like the ‘January jump’ to help maximize TSP balances, emphasizing the impact of small adjustments and advocating habit stacking for consistency. They also delve into Roth TSP and catch-up contributions, highlighting their potential benefits and ... Read More

The Case For a Late-Stage Career Change Into Federal Government

07/16/2024
The trend of late-stage career changes is becoming increasingly common, with many jobseekers finding federal government jobs an attractive option. A recent employee survey conducted by the U.S. Office of Personnel Management (OPM) highlights the growing desirability of federal jobs. Over 625,000 ... Read More

Delaying Traditional TSP and Traditional IRA RMDs Can Result in Additional Income Taxes

07/15/2024
Most of us would prefer not to pay up-front for anything that could be paid for at a later time.  That is true for paying income taxes on retirement distributions, including distributions from the Thrift Savings Plan (TSP), from traditional ... Read More

The MSPB Backlog: Understanding The Cause, The Solution. and What it Means

07/12/2024
If you’re a federal government employee, you might have experienced a personnel grievance like wrongful termination, a demotion, or a reduction in grade. That grievance might have led you to file a complaint with the U.S. Merit Systems Protection Board ... Read More

Your June TSP Update: C Fund Soars on Shaky Footing, While F Fund Continues to Fight for a Comeback

07/10/2024
Jennifer Meyer, CFP© As we wrap up the first half of 2024, there is much to cheer about for TSP participants as the stock funds all show positive year to date gains. The C fund turned in a stellar first ... Read More

 The Fed15 Podcast: Portfolio Structuring and COLAs 

07/09/2024
Dan and Katelyn offer guidelines for building a resilient investment portfolio and discuss how COLAs respond to existing economic conditions. They provide valuable insights into combating inflation through a strong TSP strategy. Check Out Our Next FERS Webinar for Federal ... Read More

Potential Adjustments to Mandatory Retirement Ages for Federal ATC and Pilots

07/08/2024
The aviation industry is buzzing with discussions about raising the mandatory retirement age for federal air traffic controllers (ATC) and pilots. If enacted, this change could extend careers and massively impact retirement planning for the federal aviation community. Understanding the ... Read More

IRS Increasing Estimated Tax Penalties: What Federal Employees and Retirees Need to Know

07/07/2024
Over the past year, the IRS has significantly increased penalties on underpayment of both estimated tax payments and federal income withholding from salary and retirement income. Individuals who are required to make quarterly estimated payments (due dates each year are ... Read More