Serving Those Who Serve Logo

Archives

The Politicization of the Thrift Savings Plan Continues

03/14/2023
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

2024 Federal Pay Raise Update: White House Budget Says 5.2%

03/13/2023
The White House’s proposed budget for 2024 was released last week, recommending a 5.2% pay raise for federal employees. On Thursday, March 9th, the Biden administration released its recommended budget for the fiscal year 2024, which included a suggested pay ... Read More

Federal Benefits Quiz: COLAs, Beneficiaries, and Special Salary Rates

03/10/2023
Our weekly quiz focuses on the current COLA outlook, designating beneficiaries for your federal benefits, and the anticipated Special Salary Rate on the horizon for IT workers. Try These Quizzes Next! Quiz #46 Quiz #45 Quiz #44 [ays_quiz id=”47″] FedLife ... Read More

OPM Sends Out Notice About FLTCIP Enrollment Suspension

03/09/2023
The Office of Personnel Management (OPM) released a letter with some important reminders regarding the suspension of FLTCIP. A few months ago, in mid-December, OPM suspended the Federal Long Term Care Insurance Program (FLTCIP). The only company to bid on ... Read More

How the IRS Taxes CSRS and FERS Annuities

03/08/2023
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

FedLife Podcast: More on the SECURE Act 2.0 – From College to Retirement

03/07/2023
The SECURE Act 2.0 is shaking up the world of college savings and retirement planning.  FedLife Podcast (Ep. 92): From College to Retirement: How the SECURE Act 2.0 Can Help You Save Smarter The SECURE Act 2.0 is shaking up ... Read More

Budget Debates on Government Spending: What Feds Should Know

03/07/2023
The administration is expected to publish its recommended budget around mid-March. Contained in the publication, we can anticipate to find what the President wishes the following year’s annual pay raise for Feds should be. While Democrats in Congress have already ... Read More

Thrift Savings Plan Monthly Recap: February 2023

03/06/2023
TSP Update for Month Ending February 2023 – after promising January, all TSP core funds except G saw small dips in value.  Jennifer Meyer, CFP© February brought a pullback from the significant January gains for most TSP participants. All the ... Read More

Weekly Quiz for Feds: TSP and Leave Questions

03/03/2023
Take our latest weekly quiz and then share with your federal friends and family. Try These Quizzes Next! Quiz #45 Quiz #44 Quiz #43 [ays_quiz id=”46″] FedLife Podcast: Taxation of TSP withdrawals with Ed Zurndorfer Weekly Quiz for Feds #46

Don’t Miss These Three Federal Retirement Lessons from… Football?

03/02/2023
We offer insights from our years of experience working with feds through the lens of football. In my life, I have been blessed to be a part of three great, meaningful endeavors.  They are, in order: my family, my career ... Read More