Upcoming Cost-of-Living Adjustment (COLA) for Social Security beneficiaries and federal annuitants. Plus, proposed legislation about both COLA and leave. COLAs for federal retirees’ pension income and social security benefits are linked to inflation, which is measured by one of the ... Read More

Jen delves into items 1 to 4 from her ’10 more ways to ruin a federal retirement’ list. Jennifer Meyer, CFP© Hello again readers and thank you for joining me in our discussion of “Ten More Easy Ways to Ruin ... Read More

SECURE Act 2.0 Eliminates RMDs on Roth Retirement Plans: What Does It Mean to Roth TSP Participants? Edward A. Zurndorfer- If an individual owns a traditional IRA and has reached his or her required beginning date (RBD), he or she ... Read More

Now Is a Good Time for Employees to Make Their 2022 IRA Contributions If They Have Not Already Done So Ed Zurndorfer – An individual retirement arrangement (IRA) provides a tax-beneficial way in which an individual can set aside additional ... Read More

Weekly Quiz #40 covers new retirement account withdrawals, Family & Medical Leave, and the news on 2024 localities. Try These Quizzes Next: Quiz 39 Quiz 38 Quiz 37 [ays_quiz id=”40″] Federal Benefits Quiz

SECURE Act 2.0 Passage Allows for Enhanced Retirement Savings: Increase in RMD Age from 72 to 73 Effective 1/1/2023 and Then to Age 75 Effective 1/1/2033. Edward A. Zurndorfer SECURE Act 2.0 measure, past into law on December 30,2022 as ... Read More

Another 10 mistakes that can be disastrous to your retirement from federal service. Jennifer Meyer, CFP© Hello readers. As promised here are the next ten errors that I identified when I began working on my article series “Ten Easy Ways ... Read More

Take our latest weekly quiz – on retirement accounts for feds! Try These Quizzes Next: Quiz 38 Quiz 37 Quiz 36 [ays_quiz id=”39″] Retirement Account for Federal Employees Quiz

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

Beginning with the 2024 tax-year, RMDs from Roth accounts in employer-based plans will no longer be required. RMDs are already not needed from Roth IRAs. For employers that offer their workers a defined contribution plan, like a 401(k) or the ... Read More