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FEDLIFE Podcast: How Federal Retirement Benefits Are Taxed

04/08/2022

In this episode, Dan Sipe and Ed Zurndorfer discuss everything federal employees need to know regarding tax benefits to ensure that you’re not leaving any money on the table. 



FEDLIFE, Episode 70: How Federal Retirement Benefits Are Taxed

Whether you are a CSRS employee or a FERS employee, every two weeks, you contribute a portion of your paycheck into your respective retirement system, and each of these systems are at least partially taxed.

So how do you, as a federal employee, file your taxes and ensure that you fully understand how you’re being taxed, the benefits available to you, and how they will be paid out?

In this episode, Dan Sipe and Ed Zurndorfer discuss everything federal employees need to know regarding tax benefits to ensure that you’re not leaving any money on the table. 

Dan and Ed discuss:

  • CSRS & FERS annuities and how they affect your taxes
  • The 310-month payment rule and the IRS’s simplified rule
  • How survivor benefits are paid out and taxed
  • The importance of filling out your beneficiary forms
  • How the OPM calculates different benefits and payments
  • And more
federal retirement benefits

Federal Retirement Benefits Are Taxed

PODCASTS

FEDLIFE Podcast

The FedLife Podcast is your in-depth, biweekly deep dive into the world of federal benefits and retirement planning. Hosted by federal benefits expert Ed Zurndorfer and Dan Sipe of Serving Those Who Serve, each 30-minute episode unpacks the complexities of FERS and CSRS retirement, FEHB and Medicare, survivor benefits, tax planning, and more. Designed for federal employees and retirees who want more than just the basics, FedLife goes beyond the headlines to explore the rules, nuances, and strategies that can make a meaningful difference in your retirement. Remember: it’s your Fed life, make it a great one.

 

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FED15 Podcast

The Fed15 Podcast is your weekly 15(ish)-minute briefing on federal benefits and financial planning, built specifically for federal employees and retirees. Hosted by Dan Sipe and Katelyn Murray of Serving Those Who Serve, each episode delivers clear, actionable guidance on topics like FERS and CSRS retirement, TSP strategies, FEHB, survivor benefits, tax planning, and more! Whether you’re five years from retirement or already there, The Fed15 helps you cut through the noise, avoid costly mistakes, and make confident decisions about your federal benefits.

 

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