Serving Those Who Serve Logo

Category Archives: TSP

Cybersecurity in the Federal Government

04/28/2020
The GAO Reports Unimplemented Recommendations Involving Cybersecurity Risks at the USDA, DOI, Education Department, and State Dept. Also – How Safe is Your TSP Account? The GAO released its report of Unimplemented Recommendations, thus revealing possible cybersecurity risks at some ... Read More

What Feds Should Learn From COVID-19 and the 2019 Government Shutdown

04/27/2020
Edward A. Zurndorfer Over the last few months, the COVID-19 virus pandemic has upended the lives of millions of Americans. The U.S. economy has been devastated, with record numbers of Americans filing for unemployment benefits and in many states individuals ... Read More

FedLife Podcast: How to Get the Most from Your TSP

04/26/2020
Ed Zurndorfer and Dan Sipe sit down to Talk about Taxes and the TSP for Federal Employees FedLife Podcast (ep. 23): How can Federal Employees get the MOST from their TSP? Federal employees have a convenient way to save for ... Read More

TSP: Skip the Notary & Come Get Your Money

04/24/2020
Update: TSP Resumes Notary Requirement in October 2020 TSP allows married participants to skip notarized spousal consent to make withdrawals, accentuating how this is truly an unprecedented time [NOTE: ALL notary requirements have been waived by TSP during the COVID-19 ... Read More

Rules for Recruitment Incentives Can Be Loosened for Federal Agencies

04/23/2020
OPM Tells Agencies- The ‘3R’ Incentive Rules are Relaxed to Allot up to 50% of Basic Pay Amidst COVID-19 Crisis. Recruitment Incentives could be possibly double for some. When operating normally, agencies are allowed to offer new hires up to ... Read More

How the CARES Act Significantly Changes the RMD Rules for 2020

04/19/2020
Edward Zurndorfer explains how the Coronavirus Aid, Relief and Economic Security (CARES) Act significantly changes the required minimum distribution (RMD) rules for 2020 Edward A. Zurndorfer – A previous FED-ZONE column discussed the passage of the Coronavirus Aid Relief and ... Read More

US Postal Service on the Verge of Collapse

04/18/2020
USPS Could be on the verge of collapse, forced to cease operating by the Fall without some sort of Bailout The USPS was arguably on the path to bankruptcy by 2024 already. With the COVID-19 pandemic causing havoc on society, ... Read More

TSP Announces RMD Waiver for 2020

04/15/2020
      Responding to the COVID-19 crisis, the CARES Act waived minimum distribution requirements for retirement plans. The Thrift Savings Plan (TSP) Followed Suit this week Here we are 3 to 4 weeks into quarantine and the world is ... Read More

5 Financial Tips for Quarantine

04/14/2020
      Financial Planning is a task one can tackle while cooped up in quarantine- here are 5 financial tips for Federal Employees   “I don’t have enough time” How many times have we used that to explain why ... Read More

OPM Backlog Drops 10% in March as Incoming Retirement Claims Drop

04/13/2020
OPM’s backlog of retirement claims for processing drops in total as the amount of incoming forms slow The process for handling claims for Federal retirement benefits is performed in a defunct limestone mine in Western Pennsylvania called Iron Mountain. Those ... Read More