Roth Conversion Break-Even Point
Do you need to take the break even analysis on taxes into account when doing Roth conversions?
Taxes
Stay informed on tax rules and implications affecting federal employees and retirees, including guidance on taxes for FERS and CSRS annuities, Social Security taxation, TSP withdrawals, and retirement income planning. Explore updates on IRS regulations, withholding rules, state tax considerations, and policy changes that influence how federal retirement benefits are taxed. Find clear explanations and practical insights to help federal employees understand how different income sources are treated and how tax changes may impact their financial planning.
The Social Security Fairness Act and Your Taxes
Retroactive payments made under the Social Security Fairness Act could have tax implications.
A Tax Deduction and a Tax Credit for a Thrift Savings Plan Contribution?
Some federal employees can earn a tax credit on TSP contributions using the Saver’s Tax Credit.
Fixing the Widow/Widower Tax Trap
While estate taxes are often associated with “death taxes,” a more commonly overlooked issue is the tax increase faced by surviving spouses when filing taxes individually.
5 Huge Retirement Mistakes
Federal employees: Are you making any of these mistakes in your retirement planning?
How Can Federal Employees Prepare for RMDs?
Without proper planning, Required Minimum Distributions can be a tax burden for federal employees in retirement.
The Smart Money List
Money for retirement savings is saved or invested in different kinds of accounts. Taxes will impact these accounts in different ways.
Essential Year-End Financial Planning for Federal Employees
A little financial planning now can go a long way for federal employees in the upcoming year.
Dying With a Large TSP or IRA Balance
A lack of proper financial planning can leave your heirs with a significant tax liability.
Reasons NOT to Do Roth Conversions
These are 8 scenarios when it might not make sense to do Roth conversions.
