Tag: Taxes

How All 50 States Tax Retirees

on November 21, 2019 in Retirement with 0 Comments

What kind of taxes can you expect on your federal pension income in each state? This guide breaks it all down.

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2020 TSP Contribution Limits Announced

By on November 6, 2019 in Retirement with 0 Comments
2020 TSP Contribution Limits Announced

The IRS has announced the 2020 contribution limits for the TSP and IRAs.

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Former IRS Employee Heading to Prison for Evading Over $500,000 in Taxes

By on October 24, 2019 in Court Cases with 0 Comments
Former IRS Employee Heading to Prison for Evading Over $500,000 in Taxes

A former IRS employee is heading to prison for evading payment in over $500,000 in taxes.

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Surviving Spouse Benefit: What Kind of Income Would Your Spouse Like?

By on August 28, 2019 in Retirement with 0 Comments
Surviving Spouse Benefit: What Kind of Income Would Your Spouse Like?

The author says that federal retirees can wind up paying more taxes than they have to due to misunderstanding available survivor benefit options.

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Could the Typical Fed Benefit from Capital Gains Reform?

By on August 15, 2019 in Retirement with 0 Comments
Could the Typical Fed Benefit from Capital Gains Reform?

A proposal is on the table to modify the capital gains tax. How likely is it to pass and what could it mean for your retirement savings?

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The Retirement Math Problem

By on August 8, 2019 in Retirement with 0 Comments
The Retirement Math Problem

Taxes are expected to rise as the government continues to increase spending. These are some tax planning strategies to consider to protect yourself now.

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Strategies for Growing Your TSP

By on July 21, 2019 in Retirement with 0 Comments
Strategies for Growing Your TSP

The earlier you being saving, the more money you can have for retirement, however, you also need to consider tax implications.

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Quick Financial Tips for Federal Employees

By on May 13, 2019 in Pay & Benefits with 0 Comments
Quick Financial Tips for Federal Employees

The author lists several tips for federal employees when it comes to their pay, benefits and retirement.

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Companion Bill Introduced to Provide Tax Break for Some Federal Employees

By on April 19, 2019 in Pay & Benefits with 0 Comments
Companion Bill Introduced to Provide Tax Break for Some Federal Employees

A second bill has been introduced to provide a tax break to some federal employees who are reimbursed by the government for their relocation costs.

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Watch Out for This Retirement Tax Trap

By on April 16, 2019 in Retirement with 0 Comments
Watch Out for This Retirement Tax Trap

Will your income in retirement be less than it is now? As the author illustrates, you could be surprised thanks to required minimum distributions.

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