Using the CSRS Voluntary Contribution Program to Max-Fund a Roth IRA
Do you make “too much money” to qualify for a Roth IRA? CSRS and CSRS Offset federal employees have a unique benefit that can be used max-fund a Roth IRA.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
Do you make “too much money” to qualify for a Roth IRA? CSRS and CSRS Offset federal employees have a unique benefit that can be used max-fund a Roth IRA.
GAO was asked to review strategies that experts recommend retirees employ to ensure income throughout retirement, choices retirees have made for managing their pension and financial assets for generating income, and policy options available to ensure income throughout retirement and their advantages and disadvantages.
Sometimes a little adds up to a lot. I recently met a CSRS employee who did not to participate in the Thrift Savings Plan in 1987 when he was eligible to start. How much in potential savings did this employee pass up?
For most of the 25 years or so of the existence of the Federal Employees Retirement System (FERS), if a FERS employee resigned and accepted a refund of his pension contributions, it was final and absolute. That is, if the employee returned to Federal service, and wanted to repay the refund, the answer was “no.” The time was lost forever. About two years ago, this changed.
Congress is looking at several proposals that would cut into federal employee benefits. The author focuses on some specific ones that would directly impact your financial security in retirement.
Using a financial advisor can be a good decision. But, before you select an advisor and in your dealings with the person you have selected, here are a few tips you should know before making a financial decision that could impact your retirement and your financial security.
The only thing 100% clear about the FERS annuity supplement is that it ends at age 62.
If you’re close to retirement, you’ve probably calculated your FERS or CSRS Pension. But did you remember to consider these important reductions in your retirement planning?
In preparing a Federal Disability Retirement application, a change in a medical diagnosis may require an amendment to the application. In such instances, should a change be implemented?
Should you do a Roth conversion to take advantage of the current tax rates which may be lower now than they are likely to be in the future? It may be a good idea but check out the details before you take action as your tax bill may be higher than you think.