In this episode, Dan Sipe and Ed Zurndorfer speak about everything federal employees need to know about phased retirement plans and taxation of employer-sponsored life insurance. As tax season is upon us, it is important to understand what is going on with your money.
FEDLIFE, ep. 61: Phased Retirement and the Taxation of Employer Sponsored Life Insurance Plans, including FEGLI
As a federal employee, it is critical that you understand all of the benefits that are available to you. Unfortunately, often it can be hard to find the right information that pertains to you and your particular situation.
In this episode, Dan Sipe and Ed Zurndorfer speak about everything federal employees need to know about phased retirement plans and taxation of employer-sponsored life insurance. As tax season is upon us, it is important to understand what is going on with your money.
Dan and Ed discuss:
- Recent changes in demand for government jobs and what that means for exiting and recently retired Feds
- What happens to annuities as a phased retiree
- Two general components to FEGLI, basic life and optional coverages
- What tax ramifications might look like
- And more
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