When it’s time to retire from your federal government career, you’ll likely receive benefits through the Federal Employees Retirement System (FERS) thanks to its Basic Benefits, Social Security, and the Thrift Savings Plan (TSP) pillars. Your TSP is funded by payroll contributions ... Read More

Although the 2024 tax year concluded a little more than two months ago, there is still one tax deduction that may be available to some federal employees and retirees that could reduce their 2024 federal and state income tax liabilities. ... Read More

As interest in sustainable investing grows, many of our Feds have asked how they can align their retirement savings with their personal values. For those who prioritize environmental and ethical concerns, building a green retirement portfolio may be an appealing ... Read More

For our Feds, retirement brings both a steady pension and required minimum distributions (RMDs) – those IRS-mandated withdrawals from your retirement accounts once you reach a certain age. By thoughtfully combining these two income streams, you’ll keep more of your hard-earned money ... Read More

Marriage to a foreign national or working abroad can generate many advantages. You could learn about new cultures, viewpoints, and lifestyles. International marital and employment arrangements also generate their share of changes in U.S. federal benefits, tax considerations, and estate ... Read More

Healthcare costs can sometimes throw a wrench in even the best-laid retirement plans. They are unpredictable, often expensive, and can derail financial stability in retirement if not accounted for. Many federal employees focus on building their Thrift Savings Plan (TSP) ... Read More

The IRS encourages individuals to set up for themselves an IRS online account. Among the reasons to establish an IRS online account are: Accessing tax records View key data from most recently filed tax return. Check the status of a ... Read More

Federal government cost-cutting initiatives and the creation of the Department of Government Efficiency (DOGE) have left many Feds feeling unsettled and wondering how these changes are likely to impact their futures. However, this isn’t the first time federal employees have ... Read More

Well. It’s been quite a couple of weeks for Feds, hasn’t it? From the issuance of numerous executive orders calling for a return to in-person work, a hiring freeze, and enhanced accountability across all levels of the federal government to ... Read More

In conjunction with the administration’s offer of purported “deferred resignations” to most federal employees, the Office of Personnel Management (OPM) will grant federal agencies the authority to offer early retirement to employees in the form of a Voluntary Early Retirement ... Read More