How Long Should You Keep Your Tax Records?
What tax related documents do you need to keep, and for how long do you need to keep them? Here are some suggestions.
Retirement
Stay informed with the latest federal employee retirement news, including updates on FERS and CSRS, retirement eligibility rules, OPM retirement processing, and TSP performance as it relates to long‑term retirement planning. This category covers annual COLA updates, TSP news, survivor benefits, military service credit, retirement application guidance, and major OPM policy changes or federal legislation that could affect federal retirement benefits. Find clear, timely information to help current and former federal employees navigate retirement planning, benefit calculations, and post‑retirement considerations.
Social Security And The Wall Street Hobgoblins
The author says that of all of the ideas offered by politicians regarding Social Security, privatization is among the worst.
State Fiscal Problems Threaten Higher Taxes On Federal Pensions
Federal retirees depend on their federal civil service annuity for much of their retirement income, but states facing financial problems may be looking to public sector pensions as a source of new revenue.
New Guide Shows You How States Will Tax Your Annuity
A new guide from NARFE gives federal employees an overview of state tax rates and how each state treats retirement income with respect to taxation.
What are the ‘House Rules’ for Paying Off a Home Prior to Federal Retirement?
I am a FERS employee that has reached my Minimum Retirement Age. Is it wise to pay off our mortgage before I retire?
What’s the Real Value of a TSP and FERS Annuity?
The majority of federal employees will not retire with over $1 million in the TSP, however, the author says there are ways to generate equivalent income via other means.
Can I Contribute to an IRA if I’m Fully Funding My TSP Account?
I’ve been told that I cannot contribute to an IRA for either 2015 or 2016 if I’m fully funding my TSP account; is that true?
How Did TSP Investors Prepare for the March Stock Market Rebound?
TSP investors withdrew money from the TSP stock funds in February, just in time for a significant rebound in these funds in March.
OPM Gets Some Reprieve from Influx of New Retirement Applications
After a massive influx of new retirement applications in January and February, OPM finally got a break in March and was able to make some headway on reducing the retirement claims backlog.
Will There be a Super Saver TSP Program in Your Future?
The author describes a retirement savings benefit outlined in the tax code that can dramatically boost one’s ability to save for retirement.
