Understanding How Original Medicare Works
Federal employees become eligible to enroll in Medicare when they become age 65. This is because an employee during his or her working lifetime has paid the Medicare payroll tax…
The Calendar Says October 15 Which Means That the Medicare Annual Enrollment Period Has Started and the 2024 Federal Benefits, Open Season Is Less Than One Month Away
The calendar says it is the middle of October. The Medicare annual enrollment period (AEP) has started, and the annual federal benefits “open season” is less than one month away.
With Less Than Three Months Remaining in 2024, Now is the Time for TSP and IRA Planning
It is the beginning of October and the year 2024 will end in less than three months. December 31,2024 is an important deadline for retired Thrift Savings Plan (TSP) participants…
FedLife Podcast: Secure Act 2.0: Key Changes and Their Impact on RMDs and Retirement Planning
Discover how federal retirees can potentially reduce their Medicare Part B IRMAA charges significantly through strategic planning and well-informed financial choices.
Federal Annuitants Enrolled in Private Medicare Advantage and Medicare, Part B Need to Review Their 2025 Medicare Annual Notice of Change
Federal annuitants over age 65 have choices with regard to Medicare. There are four parts to Medicare. They are: (1) Medicare Part A – Hospital Insurance; (2) Medicare Part B…
What Is the IRS’ “Hypothetical RMD Rule” and How Does the Rule Affect Surviving Spouses?
The recent FEDZONE column entitled “Understanding Spousal IRA Beneficiary Rules” reviewed three IRS regulations concerning the naming of a surviving spouse as the beneficiary of the deceased spouse’s traditional IRA.
FedLife Podcast: How Federal Retirees Can Lower Their Medicare Part B IRMAA Costs
Discover how federal retirees can potentially reduce their Medicare Part B IRMAA charges significantly through strategic planning and well-informed financial choices.
Understanding Spousal IRA Beneficiary RMD Rules
This column reviews three important required minimum distribution (RMD) rulings with regard to the naming of a surviving spouse as the beneficiary of the deceased spouse’s traditional IRA.
New IRS Regulations on Year-of-Death RMDs
Much has been written in recent years in financial journals and media outlets about the year-of-death required minimum distribution (RMD). Nevertheless, the rules governing the year-of-death RMD continue to confuse…
IRS Issues Final RMD Rules Under SECURE Act 2.0: What Should Affected Individuals Do?
The SECURE Act became law on January 1, 2020. One of the provisions passed as part of the SECURE Act was regulations on required minimum distributions (RMDs) for inherited IRAs…