Posted on Monday, 26th March 2012 by Paul Risser
Little details worth paying attention to as April approaches. Presented by Paul H. Risser Every year, the IRS institutes big and little changes – and some don’t get as much notice as they should. This year is no exception. Here is a rundown of some of alterations and asterisks affecting taxpayers this year. Don’t forget […]
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| Comments (0)Posted on Sunday, 11th March 2012 by Paul Risser
Over the years I’ve talked to many federal employees about their Thrift Savings Plan (TSP). Unfortunately most don’t have an understanding of what their options are at retirement. First, let’s discuss your current TSP allocation. Does your current allocation still meet your needs and goals? What I have found is most folks seldom reallocate investment […]
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| Comments (0)Posted on Sunday, 26th February 2012 by Paul Risser
Meeting your obligations & finding some opportunities. Presented by Paul H. Risser After you turn 70½, the IRS requires you to withdraw some of the money in your retirement savings accounts each year. These withdrawals are officially called Required Minimum Distributions (RMDs).1 While you never have to make withdrawals from a Roth IRA, you must […]
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| Comments (0)Posted on Thursday, 9th February 2012 by Paul Risser
A few months ago, while meeting with a federal employee couple, I came across a story that I think is worth repeating. I’ve changed the names and some of the details, but the overall theme of the story is true. Mr. Jones was a good man and longtime CSRS government employee with many years of […]
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| Comments (0)Posted on Friday, 20th January 2012 by Dennis Damp
We received a question from a federal employee concerning credit for temporary service. Linda was hired as a temporary employee in 1985 and two years later she was hired full time. Last April she bought back her two years of temporary service and her SCD has not changed on her Employee Express Benefits Statement. She […]
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Posted on Friday, 13th January 2012 by Paul Risser
If your loved ones have invested, saved or insured themselves to any degree, you may be named as a beneficiary to one or more of their accounts, policies or assets in the event of their deaths. While we all hope “that day” never comes, we do need to know what to do financially if and […]
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| Comments (0)Posted on Friday, 6th January 2012 by Dennis Damp
Recently OPM clarified a number of issues around interim annuity payments and what retirees can expect when they first leave federal service. It is essential that federal employees have sufficient cash available and are financially prepared when retiring to allow OPM to complete a final adjudication of their claim. OPM is now processing applicants in […]
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Posted on Monday, 26th December 2011 by Dennis Damp
It has been a busy year; from changing FEHB providers to new business ventures, an operation, travels, and more. One of the most significant for me and my wife was switching from Blue Cross Blue Shield Basic (BCBS) to the Government Employees Health Association (GEHA) Standard option during the FEHB open season. When I retired […]
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