Does OPM base the CSRS retirement calculation on an employee’s high-three annual BASE PAY or LOCALITY PAY when determining the annual retirement payment?
Legislation introduced in the House this week would allow federal law enforcement officers (LEOs) and firefighters to withdraw funds from their Thrift Savings Plan accounts when they are eligible to retire without tax penalty.
Comments about taxes are often long on vitriol but short on facts. Here are the latest data from the IRS about which income groups pay the most in taxes as well as each group’s share of all income taxes paid.
For tax year 2014, the Internal Revenue Service has announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes.
There are a number of factors that need to be taken into consideration when identifying your savings options for retirement. Cost is not the only consideration, but an important one since fees can seriously erode your earnings.
Here are a few tips to consider in calculating your future retirement income as a federal employee.
A famous French actor makes headlines by leaving his home country for a more hospitable economic climate. With a global economy, mobility is always a possibility. Are wealthy Americans leaving this country and will the trend increase with higher taxes?
A recent report by the Tax Foundation based on new IRS data found that the average federal tax rate for all taxpayers in 2010 rose slightly over the previous year.
Will the Bush era tax cuts be extended by Congress? Nobody knows, but regardless of what Congress does, the authors offer steps one can consider taking before year end to improve your personal finances.
If you are at or nearing retirement in your federal career, you may be thinking of relocating to a new state. South Carolina is a state that often attracts newcomers with its mild weather, attractive cities, and lots or recreational activities, but look closely at the state’s income tax structure before taking the relocation plunge.