What’s Your TSP Withdrawal Strategy?
If you spend more time planning a family vacation than working on a withdrawal strategy for retirement, you’re doing yourself a...
Understanding Taxable Income vs. Earned Income
When it comes to taxes and benefits, it’s essential to understand the difference between taxable income and earned income. Earned income,...
Tips To Help You Save More For Retirement
Did you know that by age 50, you should have about four times your yearly salary in your Thrift Savings Plan (TSP)? If it looks like...
IRS Raises 2025 Thrift Savings Plan Contribution Limit
Next year, federal employees will be able to contribute more to their Thrift Savings Plan (TSP). On November 1, 2024, the IRS announced the 2025 contribution limits for the Thrift Savings Plan (TSP) and other retirement accounts. 2025 Maximum Contribution Limits In 2025, the contribution limit for your TSP is $23,500 — $500 more...
Medicare Part B Premiums & Deductions Expected To Increase
Even though the 2025 increases for Medicare Part B coverage have not been officially announced by the CMS, reliable sources have estimated what we can expect next year. Federal Workers & Medicare Since most federal workers have Medicare taxes deducted from their paychecks, Medicare Part A (inpatient hospital care) is premium free....
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IRS Announces Inflation-Adjusted Tax Brackets For 2025
Each year, the Internal Revenue Service (IRS) adjusts income tax brackets to offset inflation. Since inflation is currently lower than in...
Understanding Income Taxes On Other Types Of Retirement Income
If you’ve been doing your research you already know up to 90% of your FERS annuity is taxable as income and 50% to 85% of your Social...
How Does An In-Service TSP Withdrawal Compare To A TSP Loan?
If you’re considering a Thrift Savings Plan (TSP) loan or an in-service withdrawal, it’s important to compare the two to see which one...
Correcting Key Retirement Issues Before It’s Too Late
You’ve probably read countless articles on retirement and the steps you should take to ensure you’re well-prepared for your financial...
Deferred vs. Postponed Retirement
There are several retirement options unique to Federal employees under the FERS system. A common source of confusion is the difference...
Understanding Dependent Eligibility For Federal Benefits
Federal employees have a wide range of benefits available to them and their families. Let’s take a minute to break down the eligibility...
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