A Health Reimbursement Account (HRA) For Federal Employees Is Important For Several Reasons: Tax Advantages: Contributions made to an HRA are tax-deductible for the employer and tax-free for employees when used for qualifying medical expenses. This can lead to significant tax savings. Flexibility in Use: HRAs can be used to reimburse employees for a wide […]
Will 2025 Be a Bad Year For Federal Employees and Remote Work? It’s hard to predict specific outcomes for 2025 regarding federal employees and remote work, as many factors can influence the landscape. Trends like the ongoing evolution of remote work policies, budgetary decisions, and changes in administration priorities will play significant roles. Some experts […]
How Could the Trump Administration Impact Your Retirement? The Trump administration could potentially impact retirement through various policies and reforms. Some of the key areas include: Social Security: Any proposed changes to Social Security could affect benefits, eligibility, and funding. Discussions around privatization or alterations in the taxation of benefits could lead to significant shifts […]
What is The Savers Credit in TSP? The Savers Credit, officially known as the Retirement Savings Contributions Credit, is a tax credit designed to encourage low- to moderate-income individuals to save for retirement. While it’s not specific to the Thrift Savings Plan (TSP), participants in the TSP may be eligible for this credit if they […]
Saving In Your Thrift Savings Plan (TSP) Is Important For Several Reasons Retirement Security: The TSP is a powerful tool for building a nest egg for retirement. It helps ensure you have enough funds to maintain your lifestyle when you stop working. Tax Advantages: Contributions to the TSP can be made on a pre-tax basis, […]