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Understanding Hazard Pay for Federal Employees

04/27/2023
A quick look at the rules and restrictions surround hazard pay for the federal workforce. This article is for feds who are paid by the General Schedule (GS), not those who are paid under the wage system, although they do ... Read More

Retiring Feds Should Think Twice About Moving to a State Without Income Tax

04/26/2023
Retiring from federal service? If you’re thinking about moving to state with no income tax, make sure you read this first! By: Katelyn Murray, CFP®, ChFEBC®, FBS®, CFT-1™, ECA – By Katelyn Murray- Retirement planning can be a challenging and ... Read More

TSP Expense Ratios Remain High After Modernization

04/25/2023
The total expense ratio for the TSP hit 7.6 basis points (or, 0.076% of the invested amount that the account holder pays for managing the investments) in 2021, and from what information is available, seems to have dipped to 0.069% ... Read More

How New Jersey and Pennsylvania Tax the TSP

04/24/2023
TSP Participants Living in New Jersey and Pennsylvania Should Be Aware on How Their Traditional TSP Withdrawals Are State-Taxed Edward A. Zurndorfer – Most federal employees are familiar with the tax benefits associated with the traditional Thrift Savings Plan (TSP). ... Read More

Weekly Quiz for Feds: TSP, FERS, and Taxes

04/21/2023
Our 53rd weekly quiz is about recent TSP performance, FERS history, and Taxes COMPLIMENTARY FERS WEBINAR [ays_quiz id=”53″] **Written by Benjamin Derge, Financial Planner, ChFEBC℠ The information has been obtained from sources considered reliable but we do not guarantee that ... Read More

Missteps to Avoid if You Want to Optimize Your Retirement

04/19/2023
In-depth explanations for items 8-10 (and the bonus item) from Jen’s second series of lists. Jennifer Meyer, CFP© Hello again readers. Thank you for joining me for the final installment of “Ten More Easy ways to ruin a Federal Retirement.” ... Read More

Five Important Facts to Remember About CSRS

04/18/2023
The Civil Service Retirement System – here’s a list of fast facts that you should keep in mind. Welcome to part two of our series of “listicles.” We’ll be going over 5 key points to remember for several areas of ... Read More

Certainty vs. Flexibility: The TSP Life Annuity Option

04/17/2023
No matter what decision is made – is the life annuity option ever worth it? The biggest problem with purchasing the annuity is that it is irrevocable and as it is a single-premium immediate annuity, you cannot surrender the contract ... Read More

Serving Those Who Serve’s Weekly Quiz on Federal Retirement

04/14/2023
Take our latest quiz. This week we’ve got questions on TSP taxes, Medicare part D, and lending money to family members. UPCOMING TAXES WEBINAR [ays_quiz id=”52″] **Written by Benjamin Derge, Financial Planner, ChFEBC℠ The information has been obtained from sources ... Read More

Unable to Pay Balance Due on 2022 Federal Income Tax Return?

04/13/2023
Individuals Unable to Pay Balance Due on 2022 Federal Income Tax Return Should Still File Edward A. Zurndorfer – With less than a week remaining until the 2022 Federal income tax return filing deadline of April 18, 2023, those individuals ... Read More