In this episode, Dan Sipe and Ed Zurndorfer discuss everything federal employees need to know regarding tax benefits to ensure that you’re not leaving any money on the table.
FEDLIFE, Episode 70: How Federal Retirement Benefits Are Taxed
Whether you are a CSRS employee or a FERS employee, every two weeks, you contribute a portion of your paycheck into your respective retirement system, and each of these systems are at least partially taxed.
So how do you, as a federal employee, file your taxes and ensure that you fully understand how you’re being taxed, the benefits available to you, and how they will be paid out?
In this episode, Dan Sipe and Ed Zurndorfer discuss everything federal employees need to know regarding tax benefits to ensure that you’re not leaving any money on the table.
Dan and Ed discuss:
- CSRS & FERS annuities and how they affect your taxes
- The 310-month payment rule and the IRS’s simplified rule
- How survivor benefits are paid out and taxed
- The importance of filling out your beneficiary forms
- How the OPM calculates different benefits and payments
- And more
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“Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Lee, Sipe & Associates, Inc. is not a registered broker/dealer and is independent of Raymond James. Content represents the opinions of the speaker and not necessarily those of Raymond James. Important Disclosure Information: http://raymondjames.com/smicd.htm.
