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Category Archives: Taxes

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

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

The Case for Private Life Insurance for Feds — When FEGLI’s Not Your Best Option

07/05/2024
The U.S. government launched the Federal Employees’ Group Live Insurance Program (FEGLI) during the mid-1950s to provide group life insurance for federal employees and their families. FEGLI can be an affordable and effective tool to help protect your family in the face ... Read More

Roth TSP for Participants Over Age 50 (Catch-Up Contributions)

07/03/2024
For our Feds, a Thrift Savings Plan (TSP) is a foundational element of the overall investment portfolio. While TSP is likely not new to you, certain provisions, including catch-up contributions and the Roth option, offer opportunities to further optimize your ... Read More

January Jump: The Easy Way to Boost Your TSP Balance

07/01/2024
All too many times blogs and articles like this offer tactics and strategies but neglect the transmission point. With this piece, we hope to change that by giving you a crystal-clear key first step.  Quick quiz:  Since January 1, 2000, ... Read More

Guidance for Beneficiaries of Federal Annuitants – Part III

06/28/2024
This is the third of three FEDZONE columns presenting guidance for family members of deceased annuitants (federal employees who retired and receiving either a CSRS or FERS annuity at the time of their death) and the tasks that have to ... Read More