Taxes and Your 2009 TSP Distributions: How To Lower Your Taxes
The drop in the value of your Thrift Savings Plan in 2008 may have you worried--especially if you are already retired. recent legislation allows investors to avoid taking the minimum required distribution in 2009. But to take advantage, you need to act sooner rather than later.
Posted: January 8, 2009 7:25 AM | Full Story
- Future Retirees: Do You Know Your Minimum Retirement Age?
- Should You Get a Survivor Annuity or Purchase Life Insurance?
Update on New Federal Chief Performance Officer
Barack Obama's choice to shape up federal agencies, Nancy Killefer, is a senior partner at a consulting firm who tried to modernize the IRS and push it to more aggressively pursue tax cheaters.
Posted: January 8, 2009 6:51 AM | Full Story | Discuss this Story
- Kilfer Selected as First Chief Performance Officer
- Reforming the "20th-Century Bureaucracy" Under a President Obama
Stock Market Plunge May Lead to Change in Americans' Retirement
The drop in the value of stocks has ignited a crisis of confidence for Americans who manage their own retirement savings. Many plans do not offer markets index funds, such as those offered by federal Thrift Savings Plan, which often beat stock-picking fund managers over the long haul.
Posted: January 8, 2009 6:59 AM | Full Story | Discuss this Story
- Money, Congress and Your TSP: Watch Out for Your Retirement Money
- Quietly Changing the TSP's Investment Philosophy
Obama's Remarks on His Pick for Chief Performance Officer
President-elect Obama has selected Nancy Killefer as the government's "Chief Performance Officer."
Posted: January 7, 2009 11:17 AM | Full Story
$240,000 Settlement to Passenger Wearing Arabic T-Shirt
A federal employee allegedly told an Iraqi-born resident of the U.S. that wearing a shirt with Arabic script to an airport was like going to the bank in a shirt that said “I am a robber." He was ordered to cover the T-shirt before boarding but has now been given a $240,000 settlement with two officials of the Transportation Safety Administration and JetBlue Airways.
Posted: January 8, 2009 7:09 AM | Full Story | Discuss this Story
The Kinder, Gentler, Internal Revenue Service
“I've instructed all personnel at the IRS to be sensitive to taxpayers, especially previously compliant taxpayers who for the first time are having a hard time paying the IRS."
Posted: January 8, 2009 7:37 AM | Full Story | Discuss this Story
Trillion Dollar Deficit
The federal budget deficit will hit an an unbelievable $1.2 trillion for the 2009 budget year. The Congressional Budget office also sees a $703 billion deficit for 2010.
Posted: January 7, 2009 9:28 AM | Full Story | Discuss this Story
Labor and Employee Relations in 2008: The Wonderful Stories of the Year
The author recaps FedSmith stories that its authors couldn't have made up had they tried all year. These stories require no suspension of belief by the reader. All are provably true.
Posted: January 6, 2009 8:37 PM | Full Story
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