While Completing Preparation of 2022 Income Tax Returns, Some Employees and Retirees May Have to Make Estimated Tax Payments During 2023. Edward A. Zurndorfer – Many federal employees and annuitants receive income during the year that is not subject to ... Read More

Ed goes in-depth on how TSP withdrawals and rollovers are subject to taxation. Edward A. Zurndorfer- If TSP account owners have made traditional (non- Roth) contributions to their TSP account, they have not yet paid taxes on those contributions and ... Read More

After an 8.7% COLA for 2023, read the latest on inflation and interest rates – indicating a much lower adjustment next year. Over 70 million Americans receive either Social Security benefits or Supplemental Security Income (SSI) payments from the Social ... Read More

A single withdraw from a fed who has separated from federal service An unpaid TSP loan – also only for a separated individual Installment payments (that are scheduled for 10 years or less) Age-based in-service withdrawals Death benefits paid to ... Read More

STWS Advisor Jennifer Meyer dives deep into items 5 through 7 from her “10 MORE Easy Ways to Ruin a Federal Retirement” Series. Jennifer Meyer, CFP© Hello readers. Here is my next offering in my “10 MORE Easy Ways to Ruin ... Read More

The 48th weekly quiz focuses on recent TSP performance, taxation of FERS and CSRS, and budgetary talks in Congress. Take Our Other Quizzes: Quiz #47 Quiz #46 Quiz #45 [ays_quiz id=”48″] You Might Also Enjoy This Podcast: FedLife Podcast: Top ... Read More

How the IRS Taxes the Surviving Spouse Benefits of Deceased Federal Employees and Annuitants Ed Zurndorfer – Unfortunately, over the years there have been married federal employees who died while in federal service or after they have retired from federal ... Read More

Edward Zurndorfer discusses how a spouse and young children become eligible for a Social Security benefit based on the individual’s Social Security earnings record– A previous FEDZONE column discussed how an individual becomes eligible for a Social Security monthly retirement ... Read More

Adam Schiff, a Democrat Representative from California, just reintroduced a bill of his own: the Federal Employees Sustainable Investment Act, which would add a sixth TSP fund to the existing five (G, C, S, I, and F). The new fund ... Read More

Tax season is now in full swing. This article breaks down the federal taxation of federal government pensions – both FERS and CSRS. Edward A. Zurndorfer Both a CSRS/CSRS Offset and FERS employees make nondeductible contributions to their respective retirement ... Read More