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In the wake of the COVID-19 pandemic, the importance of estate planning has never been more apparent. The reality that anyone can face sudden incapacitation underscores...
Retirement planning is a significant milestone in any federal worker’s career, marked by considerations of age, length of service, and financial preparedness. Recent statistics from the...
Retirement is the phase of life we eagerly anticipate, a time for relaxation and enjoying the fruits of our labor. However, ensuring financial stability throughout retirement...
1. Errors in Your Earnings Record Can Impact Your Benefit Many individuals overlook the importance of regularly reviewing their Social Security earnings record for accuracy. Mistakes...
When does the journey towards retirement truly commence? The IRS’s provision for Catch-Up Contributions to your TSP at age 50 marks a pivotal milestone in your...
As you transition into retirement, it becomes crucial to grasp the extent to which federal income taxes are withheld from your TSP distributions. Failing to do...
Why does the IRS mandate Required Minimum Distributions (RMDs) from your traditional Thrift Savings Plan (TSP) once you hit 73? Simply put, it’s all about taxes....
At the age of 65, it’s mandated by federal law that FERS participants must make a crucial decision regarding Medicare enrollment. If you’re currently an active...
When considering retirement, it’s essential to factor in not just federal taxes but also state taxes. While states like Florida and Texas are often lauded for...
For many, the prospect of retirement conjures a mix of anticipation and uncertainty. A prevailing reason behind the lack of retirement planning stems from a fundamental...
Retirement planning starts long before you’re ready to head off into the sunset and enjoy your golden years. In fact,...
Divorce can shake up your Thrift Savings Plan (TSP), the retirement savings vehicle for federal employees. If you’re splitting up,...
According to 2024 data from the Federal Retirement Thrift Investment Board, the typical 60-year-old federal employee’s Thrift Savings Plan (TSP)...
Voluntary Retirement – Immediate Unreduced Annuity Requirement: Eligible for the retiree annuity supplement if you’re under 62You can carry your...
Federal Employees Retirement System (FERS) employees may be eligible for Discontinued Service Retirement (DSR) under certain circumstances, primarily when they...
If you leave your government job before reaching retirement eligibility, you have two main options regarding your FERS contributions: Refund...
On February 11, President Trump signed an Executive Order directing federal agencies to implement the Department of Government Efficiency’s workforce...
A federal judge on Monday extended his injunction preventing the Trump administration from implementing its contentious “deferred resignations” program, just...
The Office of Personnel Management (OPM) has granted federal agencies the authority to offer voluntary early retirement (VERA) alongside the...
Throughout your federal career, your Thrift Savings Plan (TSP) balance is likely to grow into a significant asset. With its...