Required Minimum Distributions and Your TSP
The Thrift Savings Plan requires that participants who are 70.5 or older take required minimum distributions each year. Here is how this works.
Taxes
Social Security Taxes Set to Rise for Some Employees in 2017
The Social Security Administration has announced that the maximum amount of earnings subject to the Social Security tax will climb 7.3% in 2017.
Debt Ceiling Looms… Again
Borrowing money has become commonplace for the federal government to fund its operations. What is this likely to mean for future tax rates? The author provides an analysis.
IRS is Outsourcing Debt Collection Again
The Internal Revenue Service has announced plans to begin private collection of certain overdue federal tax debts as early as spring of 2017. At least one union representing federal employees is opposed to the plan.
Constructing a Retirement Income Plan
The author outlines some of the most crucial sources of retirement income for federal employees.
Required Minimum Distributions and Your IRA
How do required minimum distributions work with your traditional IRA? Here are some key facts for you to know.
The IRS and the Olympics
Team USA is competing in the Rio Olympics and bringing home their medals. But along with their victories comes something else: taxes owed to the IRS. Some in Congress are working to change that.
Cost of Complying with Tax Code Requirements: $409 Billion
Americans will spend 8.9 billion hours to comply with tax filing requirements in 2016 according to a new report.
Accelerate the Tax Efficiency of Roth TSP Distributions
The author describes a technique known as the “The Back Door Roth TSP Withdrawal” federal employees can use to accelerate their tax benefits in retirement.
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.
