Posted on Saturday, 31st March 2012 by Ann Ozuna
Do you know what that divorce from years ago is going to do to your federal retirement? Even though you may be a couple of years away from retirement, early out offers and changes in retirement law may tempt you to jump ship and retire sooner than you had originally planned. That old divorce decree […]
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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 Saturday, 17th March 2012 by Dennis Damp
Starting in 2013 newly hired FERS employee’s retirement contributions will increase from .8 percent to 3.1 percent of salary. Originally this was intended to apply to all FERS employees. There is another vote pending in the house that proposes increasing all employees’ contributions by 1.5 percent that will be phased in over a three year […]
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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 Friday, 2nd March 2012 by Dennis Damp
This May the Thrift Savings Plan is launching a new investment option that provides more flexibility for TSP participants. Federal employees and military members will be able to allocate their contributions between a Roth and the traditional plan shortly. The flexibility is in the tax treatment of the employee’s contributions and it may be beneficial […]
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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 Friday, 10th February 2012 by Dennis Damp
A recent Pew Research Center report titled The Rising Age Gap in Economic Well-being contends that the old prosper relative to the young and they provide abundant statistics to prove their assumption. I’m tired of the constant subtle attacks on anyone that did the right things throughout their lives; saved, worked hard, spent responsibly, paid […]
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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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