FedLife Podcast | Ep. 167: Avoiding IRS Estimated Tax Penalties
In this episode, Ed and Dan discuss why many federal employees and retirees may need to make quarterly estimated tax payments and how failing to do so can result in…
Federal Agency News from around the Federal Government; keeping Federal Employees Updated on Trending Topics from Numerous Agencies
In this episode, Ed and Dan discuss why many federal employees and retirees may need to make quarterly estimated tax payments and how failing to do so can result in…
Required minimum distributions (RMDs) are mandatory, taxable withdrawals from pre-tax retirement accounts, like a Thrift Savings Plan (TSP) or traditional IRA. They’re not optional, and they can push your income…
Delaying Social Security past full retirement age (FRA) increases your benefit through delayed retirement credits — generally about 8% per year up to age 70. That can translate into significantly…
A provision coming out of SECURE 2.0 (2022) may allow for penalty-free distributions from certain qualified retirement plans to pay long-term care (LTC) insurance premiums without the 10 percent early…
Jen and Dan discuss tax planning strategies that can help federal employees keep more of their retirement income and the critical ages that can shape retirement decisions under FERS
When you separate from federal service, your retirement benefits are income diversified thanks to the Federal Employees Retirement System and its three “stool legs” of the Basic Benefit, Thrift Savings…
Long-term care does not just mean a nursing home. It often starts with help at home, moves to assisted living, and in some cases, includes skilled nursing care. For many…
Trump accounts are a new type of custodial-style traditional IRA for minor children. The accounts are owned by a child but administered by an adult. They are set to launch…
Your salary and benefits are likely excellent as a mid-career fed. However, the chances are pretty good that you don’t have buckets of cash available to pay for your child’s…
The United States Postal Service (USPS) announced a temporary suspension of its employer contributions to the defined benefit portion of the Federal Employees Retirement System (FERS), effective April 10, 2026,…