Some Alternatives to “529” Education Savings Plans
Many financial advisors recommend “529” education savings plans to their clients in order to help for the future cost of higher education. Among the advantages of “529” education savings plans…
Mandatory Roth TSP “Catch-Up” Contributions Take Effect January 1, 2026
On January 10, 2025, the IRS issued proposed regulations that facilitate the implementation and operations of one of the provisions passed as part of SECURE 2.0. This provision is that…
Federal Employees and Retirees May Have Forgotten About Retirement Accounts from Previous Employers
The way the average American is employed has changed through the years. Parents of the “baby-boomer” generation typically worked for the same employer when they started working in their 20’s…
FedLife Podcast: How Social Security Changes and Lump-Sum Payments Impact Your Taxes
In this episode, Dan and Ed break down the tax implications of the Social Security Fairness Act and how it affects federal retirees. They discuss the impact of retroactive lump-sum…
With the Challenges and Problems Facing the LTC Insurance Industry, Is “Self-Insuring” a Better Option?
Long-term care (LTC) insurance started in the late 1970’s and early 1980’s in response to the growing recognition of the need for financial protection against the prohibitive costs of LTC…
FedLife Podcast: Are You Vested? What Federal Employees Need to Know About FERS & TSP
In this episode, Dan and Ed break down what it means to be vested in your FERS retirement and TSP. They explain when employees become eligible for deferred retirement, what…
Understanding the Need for Long Term Care Insurance
Many individuals do not understand long-term care (LTC). LTC includes a range of services for individuals who have functional limitations or chronic health conditions. These limitations may be the result…
Understanding How Prescription Drug Discount Programs Work
There is no doubt prescription drug costs are increasing and remain a financial challenge for many Americans, including federal employees and retirees. To help make prescription drug costs more affordable,…
FedLife Podcast: Medicare Enrollment Deadlines and What Feds Need to Know
In this episode, Dan and Ed break down the 2025 General Enrollment Period (GEP) for Medicare and what it means for federal employees and retirees. They explain the differences between…
Departing Employees Need to Consider What Happens to Their HCFSAs and HSAs
Since early February 2025, thousands of federal employees have received notices from their agencies about losing their federal jobs. Many of these employees are not eligible for any type of…