The SECURE Act 2.0 Becomes Law, Bringing Workplace Retirement Plan and IRA Changes. Edward A. Zurndorfer During late December 2022, Congress passed the $1.7 trillion Consolidated Appropriations Act of 2022 which was signed into law by President Biden on December ... Read More

Federal employees, start the year out right! 2023 COLA, Federal Pay Raise, TSP Contribution information, and more! Happy 2023! Here’s a quick look at important information for Federal Employees- 2023 COLA For Social Security recipients and CSRS annuitants: 8.7% For ... Read More

More losses for core funds TSP – except G of course. Check out Jen’s update for last month’s TSP performance. Jennifer Meyer, CFP© Similar to the moves of June and July earlier this year, when the market had significant losses ... Read More

Social Security Administration and the Internal Revenue Service Announce Benefit and Contribution Limits for 2023 Edward A. Zurndorfer This column summarizes the 2023 Social Security changes recently enacted by the Social Security Administration (SSA) and the 2023 inflation-adjusted IRA and ... Read More

The 2023 contribution limits have been released by the IRS, and are in-line with earlier projections. Also, an update on the June TSP transition and how online accounts are getting hacked. Regarding next year’s limits on TSP contributions, prior projections ... Read More

Part 3 of a 3-part series on federal employees who occupy positions that are subject to “special provisions.” The third job on the list is Air Traffic Controllers (ATCs). An ATC, or Air Traffic Control Specialist, is considered to be ... Read More

Items of pending legislation that Congress could still vote on: Schedule F, Eliminating the WEP, and more. There are several prospective pieces of legislation that, if passed, could have a significant effect on some or all civilian federal employees. While ... Read More

The 8.7% Cost-of-Living Adjustment (COLA) will also apply to CSRS and CSRS-offset retirees while FERS retirees will see a COLA of 7.7%. As predicted a few weeks ago, the 2023 COLA has officially been revealed at 8.7% for Social Security ... Read More

Here are the options for reversing a social security benefits claiming decision and their consequences Edward A. Zurndorfer– Throughout much of the 2.5 years of the COVID-19 pandemic, many federal employees who were eligible to retire decided to retire. Some ... Read More

Where you live in retirement can impact your retirement income because different states tax the “three legs” of FERS, and CSRS, differently. For FERS retirees, they should have three sources of income to draw from upon retiring from the Federal ... Read More