In this episode, Ed and Dan break down the new “Trump Accounts” created under the One Big Beautiful Bill Act of 2025 (OBBBA), expected to launch July 4, 2026. These accounts are structured as traditional IRAs for children under age ... Read More

In this episode, Ed and Dan explore a new SECURE 2.0 provision that may allow penalty-free withdrawals from certain qualified retirement plans to help pay long-term care (LTC) insurance premiums. Beginning after December 29, 2025, eligible plan participants under age ... Read More

In this episode, Ed and Dan discuss when it makes sense to amend a federal income tax return and the key rules surrounding IRS Form 1040-X. Millions of taxpayers discover errors or omissions after filing their returns each year, but ... Read More

In this episode, Ed and Dan discuss why many federal employees and retirees may need to make quarterly estimated tax payments and how failing to do so can result in costly IRS underpayment penalties. With more retirees receiving income from ... Read More

In this episode, Ed and Dan take a deeper look at the tax consequences of Roth TSP in-plan conversions beginning in 2026, with a focus on how the IRS “five-year rules” impact withdrawals. The discussion breaks down how traditional vs. ... Read More

In this episode, Ed and Dan explain recent changes to the State and Local Tax (SALT) deduction following the passage of the One Big Beautiful Bill Act of 2025. The law significantly increases the SALT deduction cap beginning in 2025 ... Read More

In this episode, Ed and Dan explain what happens when federal employees contribute too much to their Thrift Savings Plan (TSP), especially if they also participated in another employer-sponsored retirement plan such as a 401(k) during the same year. This ... Read More

In this episode, Ed and Dan explain how the SECURE Act 2.0 affects the Thrift Savings Plan (TSP) for federal employees and retirees. From required minimum distribution (RMD) age changes to higher catch-up contribution limits, this episode breaks down the ... Read More

In this episode, Ed and Dan explain the newest Thrift Savings Plan (TSP) option: Roth TSP in-plan conversions, starting January 28, 2026. Federal employees, retirees, and spouse beneficiaries can now convert portions of their traditional TSP accounts into Roth TSP ... Read More

In this episode, Dan and Ed explain the new Roth TSP in-plan conversion feature beginning January 28, 2026. They review how the process works, eligibility requirements, tax considerations, and important rules federal employees and retirees should understand before converting traditional ... Read More