The Latest News & Information

Postal Reform Act, signed by Biden Apr 6, 2022

The long-awaited Postal Reform Act has been signed by President Biden.  The USPS was burdened a decade ago when congress required the postal service to “Pre-Fund” retirement FEHB into the future, beyond the horizon. The result was that the Postal Service was unable to make a profit, therefore faced a complete shutdown. There are many

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passive income during retirement

Can I Receive Passive Income While Collecting Social Security?

Terry, from Atlanta writes:  Can I Receive Passive Income While Collecting Social Security? A good question, one that has portions to it, let me clarify. Once you achieve Full Retirement Age (FRA) your Social Security is taxed as ordinary income, however, if you are drawing social security prior to FRA, then you may have some

Read More »

TSP to ROTH Conversion

If you are counting on converting from your Traditional TSP into a TSP Roth, I have some news for you… You cannot. TSP has no provision and indeed prevents anyone from converting the Traditional TSP to a ROTH. If this is important to you, you will have to transfer out of TSP into an IRA

Read More »

IRS Announces 2022 TSP Contributions Increase

TSP Contributions The IRS has raised the standard investment limit for the TSP and other 401(k) type retirement savings plan to $20,500 for 2022, up from the current $19,500. The Catch-Up maximum has not been announced. ROTH contributions The maximum amount you can contribute to a Roth IRA for 2022 is $6,000 if you’re younger than

Read More »
Health Insurance Options

Medicare vs Tri-Care & FEHB

When a federal employee or military personnel retire, the first question asked is “What health care provider will I need? These people have choices, which may not be totally clear to everyone, so let’s explore the options: Medicare Supplement insurance plans generally cover some or all of your out-of-pocket costs with Part A and Part

Read More »
Retirement Fairness Act

The Federal Retirement Fairness Act (H.R. 4268)

For the third time in the past three years, The Federal Retirement Fairness Act (H.R. 4268) is being introduced by Congressman Derek Kilmer (D-WA). It would ensure that federal employees who began their careers as temporary workers are granted the opportunity to make catch-up retirement contributions so that they can retire on time, otherwise they would have

Read More »

Postal Reform Act, signed by Biden Apr 6, 2022

The long-awaited Postal Reform Act has been signed by President Biden.  The USPS was burdened a decade ago when congress required the postal service to “Pre-Fund” retirement FEHB into the future, beyond the horizon. The result was that the Postal Service was unable to make a profit, therefore faced a complete shutdown. There are many

Read More »
passive income during retirement

Can I Receive Passive Income While Collecting Social Security?

Terry, from Atlanta writes:  Can I Receive Passive Income While Collecting Social Security? A good question, one that has portions to it, let me clarify. Once you achieve Full Retirement Age (FRA) your Social Security is taxed as ordinary income, however, if you are drawing social security prior to FRA, then you may have some

Read More »

TSP to ROTH Conversion

If you are counting on converting from your Traditional TSP into a TSP Roth, I have some news for you… You cannot. TSP has no provision and indeed prevents anyone from converting the Traditional TSP to a ROTH. If this is important to you, you will have to transfer out of TSP into an IRA

Read More »

IRS Announces 2022 TSP Contributions Increase

TSP Contributions The IRS has raised the standard investment limit for the TSP and other 401(k) type retirement savings plan to $20,500 for 2022, up from the current $19,500. The Catch-Up maximum has not been announced. ROTH contributions The maximum amount you can contribute to a Roth IRA for 2022 is $6,000 if you’re younger than

Read More »
Health Insurance Options

Medicare vs Tri-Care & FEHB

When a federal employee or military personnel retire, the first question asked is “What health care provider will I need? These people have choices, which may not be totally clear to everyone, so let’s explore the options: Medicare Supplement insurance plans generally cover some or all of your out-of-pocket costs with Part A and Part

Read More »
Retirement Fairness Act

The Federal Retirement Fairness Act (H.R. 4268)

For the third time in the past three years, The Federal Retirement Fairness Act (H.R. 4268) is being introduced by Congressman Derek Kilmer (D-WA). It would ensure that federal employees who began their careers as temporary workers are granted the opportunity to make catch-up retirement contributions so that they can retire on time, otherwise they would have

Read More »
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