This FEDZONE column is the second of three FEDZONE columns presenting the financial considerations of owning two residences in retirement. The first column discussed choosing owning versus renting a second residence and determining legal domicile. This column discusses health care ... Read More

For most federal retirees, retirement is a time of change. One of those changes is a change in residence. Some federal retirees prefer to live in one location during the winter and another location during the summer. The term “snowbirding” ... Read More

The IRS penalty for missing a required minimum distribution for many years was 50 percent of the amount that should have been withdrawn from a traditional IRA or a qualified retirement plan but was not. The IRS penalty, known as ... Read More

We speak with thousands of Feds each year during our complimentary Serving Those Who Serve webinars about the various retirement options available to federal employees.  We’ve found that two of the most important – and often misunderstood – options are deferred and ... Read More

When a Medicare Part B beneficiary dies, his or her estate or surviving family members may be entitled to a refund or monthly Medicare Part B premiums previously paid. This column explains what the estate or surviving family members need ... Read More

Dan and Katelyn discuss potential adjustments to mandatory retirement ages for Federal air traffic controllers and pilots, explaining the rationale and potential outcomes. They also compare FEGLI with private life insurance, highlighting differences between group plans and private options. Check ... Read More

Completing the initial probationary period is a key milestone for Feds. This final assessment allows agencies to ensure new hires have the necessary skills, abilities, and knowledge to succeed in the position and are a good fit for the job ... Read More

Most federal retirees are eligible to receive a monthly Social Security retirement benefit, starting as early as age 62. Many retirees wait until at least their full retirement age (FRA) (currently, age 66 years and eight months for individuals born ... Read More

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

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