Federal employees and members of the military have access to the Thrift Savings Plan, a retirement vehicle specifically designed for government workers. The TSP was created in 1986 as part of the…
If you want to reduce the amount of time you spend preparing your tax return, the IRS allows you to prepare it on a 1040-EZ or 1040-A instead of the standard long-form 1040. However, if you plan to…
If you work for the federal government, you may be eligible for a comprehensive retirement plan. The Federal Employee Retirement System, also referred to as FERS, is made up of three different…
When you work for the federal government, you can take advantage of a retirement plan known as the Thrift Savings Plan. The TSP is a plan that combines employee and employer contributions to fund an…
Retiring can be stressful if you don't have enough money to live on. But, an annuity is an insurance policy that may provide significant increases in your retirement savings. The increase in your…
If you are a veteran who was injured during your service and you are disabled because of it, you may be eligible to receive veterans' disability benefits. The Department of Veterans Affairs not only…
Disabled veterans can receive disability benefits from the United States Department of Veterans Affairs, which is usually simply referred to as the VA. The type of disabled veterans benefits that a…
Federal workers making retirement plans should consider whether the state where they live or plan to move taxes federal pensions or annuities. Federal employees fall under either the Civil Service…
Congress recognizes that the United States owes a debt of gratitude to veterans of the U.S. Armed Forces. Consequently, it has authorized a broad array of benefits for veterans not typically available…
A service member who was disabled due to military duty is eligible for assistance from the United States Department of Veterans Affairs. The benefits available to a disabled veteran depend on the…
When a relative dies, you may be entitled to death benefits from a life insurance policy. However, you may also be entitled to other death benefits as well. Although this might be a hard time…
You own your Individual Retirement Account. That not only means that it is portable when you move between jobs, but you can choose who inherits your IRA when you die. While spouses are the most-common…
In general, annuities provide a way to save for retirement. Investors looking for a safe means of insuring a steady stream of income in retirement often buy annuities. A federal annuity is a similar…
Congress passed the American Recovery and Reinvestment Act in 2009 and it was signed into law by President Barack Obama. This bill serves the purpose of creating new jobs, encouraging economic…
For most institutions, benefits are subject to federal income tax. It is customary to be able to change your withholding status at any time; however, there will likely be a delay in the actual…
The federal government offers a variety of annuity, pension, and other benefits for retired employees. The Office of Personnel Management administers the benefits program for government employees,…
If you plan to retire from the federal government, there are certain procedures that you must accomplish to ensure you get the maximum amount of benefits allotted to you. Just as it is with any…