Donald Trump’s Middle Class Tax ‘Cut’
The author notes that a tax plan proposed by Donald Trump would cut many Americans’ taxes but at the same time might actually create a tax increase for others.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
The author notes that a tax plan proposed by Donald Trump would cut many Americans’ taxes but at the same time might actually create a tax increase for others.
An employee who plans to retire on 1/3/2017 wants to know if he has to be off of the government’s payroll by 12/31/16 to receive the COLA. The author provides the answer.
Can you tell me how the TSP annuity that is supplied by MetLife is calculated? I have been given a bunch of different answers and none match what the TSP rate is offering (which is of course much lower).
Legislation has been introduced that would make sweeping reforms to Social Security. The author says it would make cuts to the program that would potentially harm older Americans.
The author says that taxes are likely to be higher in the future when current federal employees are at or nearing retirement. He outlines some options available to federal workers to help offset future tax burdens.
The TSP has provided details about the annual contribution limits for plan participants in 2017 as defined by the IRS.
Some federal retirees may be impacted by a significant increase in Medicare Part B premiums. A bill has been introduced to minimize the impact.
OPM made a small reduction to its backlog of retirement applications, but it remains above 16,000 as of the end of November.
The Office of Personnel Management is featured in a new report that highlights examples of wasteful government spending.
TSP stock funds were up in November. One fund is now up more than 14% for the year. Bond yields are also up. Here is why the market jumped and a big investing advantage for federal employees seeking to preserve their money if inflation recurs with faster economic growth.