How to Reduce Your Medicare Part B Premium Surcharge
If your household income has changed, you may need to file a form to notify Medicare so your premiums adjust accordingly. This information can help.
🇺🇸 In honor of those who gave everything in service to this nation — FedSmith observes Memorial Day with gratitude. 🇺🇸
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.
If your household income has changed, you may need to file a form to notify Medicare so your premiums adjust accordingly. This information can help.
A little financial planning now can go a long way for federal employees in the upcoming year.
Federal employees under FERS have various survivor benefits available to provide for the loved ones they leave behind.
These are the amounts you can expect to pay for Medicare Part B in 2025.
An in-plan Roth conversion option is coming to the TSP. Also, one TSP Fund up more than 25% in 2024.
Catch-up contributions for older individuals are increasing dramatically under provisions of the SECURE Act 2.0.
This is a strategy federal employees can use to calculate whether their current salary can be replaced by their retirement income.
The author says that a bill that would repeal the GPO creates an unfair situation with Social Security and one that would further damage its finances.
Legislation that would eliminate the WEP and GPO has passed the House and it appears to have more momentum than in the past.
These are some tips to help new federal employees understand their benefits and jumpstart their retirement savings.