Assessing the Consequences of the SECURE Act 2.0 RMD Penalty Reductions
The IRS penalty for missing a required minimum distribution for many years was 50 percent of the amount that should have been withdrawn from a traditional IRA or a qualified…
How To Get Medicare Premiums Refunded After A Death?
When a Medicare Part B beneficiary dies, his or her estate or surviving family members may be entitled to a refund or monthly Medicare Part B premiums previously paid. This…
What Federal Retirees Can Do to Minimize Medicare Part B IRMAA
Most federal retirees are eligible to receive a monthly Social Security retirement benefit, starting as early as age 62.
Delaying Traditional TSP and Traditional IRA RMDs Can Result in Additional Income Taxes
Most of us would prefer not to pay up-front for anything that could be paid for at a later time. That is true for paying income taxes on retirement distributions,…
IRS Increasing Estimated Tax Penalties: What Federal Employees and Retirees Need to Know
Over the past year, the IRS has significantly increased penalties on underpayment of both estimated tax payments and federal income withholding from salary and retirement income
Guidance for Beneficiaries of Federal Annuitants – Part III
This is the third of three FEDZONE columns presenting guidance for family members of deceased annuitants
Guidance for Beneficiaries of Federal Annuitants – Part II
This is the second of three FEDZONE columns presenting guidance for family members of deceased annuitants and the tasks that have to be performed in order for these surviving family…
Guidance for Beneficiaries of Federal Annuitants – Part I
One of the unfortunate life events that individuals experience at some point of their lives is the death of a loved one – a parent, sibling, child, or a spouse.
Understanding PSHB Program
The Postal Service Reform Act of 2022 (PSRA) created a new group-sponsored health insurance plan, the Postal Service Health Benefits (PSHB) program.
RMDs for Beneficiaries of Inherited Traditional IRAs
For the Fourth Consecutive Year, IRS Waives RMDs for Beneficiaries of Inherited Traditional IRAs