Why Are Current Federal Employees Not Getting the Same Raise as Federal Retirees?
Federal retirees will get a higher pay raise next year than what is proposed for current federal employees. I feel this is unfair; why is this the case?
Q&A
Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
How is Modified Adjusted Gross Income Calculated?
I understand that my Medicare Part B premiums can be higher if my modified adjusted gross income is above a certain amount. How is MAGI calculated?
How Do I Know What I Will Receive in Social Security Benefits?
How do I figure out what I will actually receive in Social Security benefits if I retire at age 55?
I Worked Part Time Under FERS; How Does This Affect My Annuity?
I’m a FERS employee who has worked part time for part of my federal career. How does this affect my length of service and the way my FERS annuity is computed?
What Can I Do to Fix a Roth IRA Contribution When I Exceeded the Income Limitations?
Last year I contributed the max to a Roth IRA, but it turned out that my income was too high to contribute. Is it too late for me to fix this?
What Are the Best Retirement Dates for Law Enforcement Officers?
With respect to the “best” date to retire, are there special considerations for law enforcement officers?
Can I Deposit an Inheritance I Received Into My TSP Account?
My Aunt Bertha died and left me a tidy sum as an inheritance. Can I deposit this money in my Thrift Savings Plan account?
Can I Roll My Spouse’s 401(k) Over to the TSP?
My spouse is retiring and has over $300,000 in his 401(k) plan. How would he go about rolling this over to the TSP?
Does the TSP’s Annual Contribution Limit Include the Agency Match?
One of my co-workers said the $18,000 annual contribution limit to the TSP includes both his portion and the agency match. Is this a lost savings opportunity?
What Penalties Would I Face If I Retire at 62 With Less Than 20 Years of Service?
What penalties would I face if I retire at 62 years old but have less than 20 years in service?
