Preparing for FERS Retirement: Making Deposits and Redeposits -Part II: Deposits for Military Service
FERS retirement, military service credit, FERS deposit, federal employee retirement, military retirement pay, federal workforce reduction
Preparing for FERS Retirement: Making Deposits and Redeposits – Part I (Deposits for “Non-Deduction” Service)
With a new Presidential administration and a new Congress taking office in January 2025, there has been much discussion in Washington on reducing the size of the federal workforce.
What Happens When Employees Make Excess Contributions to the TSP
Each year, IRS rules limit the amount that employees can contribute via payroll deduction to their qualified retirement plans such as 401(k), 403(b) and 457 retirement plans. Federal employees are…
The 2025 Federal Employee Pay Increase: How Much, When It becomes Effective, and Other Benefits Affected
There is uncertainty as to the amount of the 2025 pay raise. In August, President Biden formalized his proposed 2.0 percent average pay raise, stipulating that 1.7 percent would be…
Using “Tax Loss Harvesting” to Save on 2024 Taxes
While investors prefer to have their investments increase in value over time, sometimes an investment that has lost value can produce some good in the form of possible tax savings.
Understanding the Problematic Consequences of Roth IRA Conversions
Roth IRAs have been available since 1998. In spite of their being advertised as a financial panacea, Roth IRAs may not be financially suitable for all individuals. At this time…
Summary of Medicare Enrollment Options for Federal Retirees
Several previous FEDZONE columns have discussed Medicare enrollment options for federal retirees once they become eligible to enroll in Medicare at age 65.
HSAs Can Be Beneficial But Beware of Common Mistakes
A Health Savings Account (HSA) allows federal employees and retirees to contribute and to pay out-of-pocket medical and dental expenses in a tax-advantaged way.
OPM Encourages FEHB Health Plans to Adopt Medicare Part D for Federal Annuitants
A recent FEDZONE column entitled “FEHB Program Health Types and Options” (https://stwserve.com/fehb-program-health-plan-types-and-options/) discusses the various types of Federal Employee Health Benefit (FEHB) program health plans available to federal employees and…
Federal Employees and Retirees Enrolled in an HSA Should Be Aware of Medicare’s Tricky Rules After Age 65
A recent FEDZONE column entitled “FEHB Program Health Types and Options” (https://stwserve.com/fehb-program-health-plan-types-and-options/) discusses the various types of Federal Employee Health Benefit (FEHB) program health plans available to federal employees and…