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FERS Webinar
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FERS Webinar

Author: David Fei, CFP®, ChFEBC℠, AIF®
federal-retirement-planning

August 2024 CPI Inflation Report: Consumer Price Index at 2.5%

August 2024 Inflation Update: Consumer Price Index (CPI) at 2.5% With the Federal Reserve lowering interest rates by half a percentage in September 2024, it is a good time to review some of the key inflatin data points and understand overall trends of inflation and overall change. The CPI is published by the Bureau of Labor Statistics and the Bureau of Economic Analysis. The Federal Reserve also uses this data to determine interest rate changes and policy. Consumer Price Index

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financial-advisor-federal-employee

How Will The Thrift Savings Plan Pay My TSP Beneficiary?

How Will The Thrift Savings Plan Pay My TSP Beneficiary? The Thrift Savings Plan (TSP) is designed to provide financial security for federal employees and service members during their retirement years. However, it also ensures that those benefits continue to support loved ones after a participant’s passing. Upon the death of a TSP participant, the plan initiates a specific process to distribute the remaining account balance to designated beneficiaries. Depending on the type of beneficiary and their relationship to the

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Financial-Advisor-Federal-Employees

Backdoor Roth IRA Conversion: Beware of Tax Traps and Pitfalls

Backdoor Roth IRA Conversion: Beware of Tax Traps and Pitfalls For high earners seeking tax-advantaged retirement savings, the backdoor Roth IRA presents a compelling opportunity. This strategy allows individuals exceeding the income limits who are unable to directly make Roth IRA contributions but still harness the benefits of tax-free growth and withdrawals in retirement. By contributing to a traditional IRA and subsequently converting it to a Roth IRA, this “backdoor” approach opens a pathway to potentially significant tax savings in

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federal-retirement-workshop

IRS Finalizes Beneficiary RMD & 10-Year Rule on Inherited IRAs

IRS Finalizes Beneficiary RMD & 10-Year Rule on Inherited IRA The IRS recently released final regulations for inherited IRAs, clarifying and reaffirming controversial rules around required minimum distributions (RMDs). Simultaneously, the agency offered temporary relief for particular beneficiaries by delaying final RMD rules and waiving penalties for missed distributions in 2024. What is the 10-Year RMD Rule, and How Does It Work? The SECURE Act of 2019 introduced a 10-year rule for most non-spouse beneficiaries, requiring them to empty inherited

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fers-webinar

FEGLI Option C: Life Insurance for Eligible Family Members

Federal Employee Group Life Insurance for Family Members The Federal Employees’ Group Life Insurance (FEGLI) Program is a comprehensive life insurance plan available to federal employees, retirees, and many of their family members. Established in 1954, it’s the largest group insurance program globally. Coverage under FEGLI has options to suit different needs and budgets. Basic life is automatically provided to most new federal employees, with additional options available for supplemental insurance. The program offers financial security by paying benefits in the event

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