Planning A Career Change In 2024? If a new career outside of the federal workforce is on your list of resolutions, here are a few things you need to know about your benefits. It’s a new year and for some federal employees, it is time for a career change. If you are planning to leave […]
New Rules for Rolling Over a 529 College Savings Plan to a Roth IRA I’ve long been a fan of 529 college savings plans. The potential to tackle one of every family’s biggest financial challenges — getting your kids through school without accumulating a bunch of debt — combined with some amazing tax incentives and […]
One TSP Investment Limit Rising, Other Staying Same Effective in 2024, Roth balances will no longer be subject to required minimum distributions prior to a participant’s death. The standard investment limit for the TSP (and other 401(k) type retirement savings plans) is rising to $23,000 for 2024, from $22,500 in 2023. That “elective deferral limit” […]
Biden Signs Order Finalizing 5.2% Pay Raise For Feds in 2024 Source: Government Executive The measure confirms that the federal workforce will see its largest pay increase in more than 40 years. President Biden on Thursday issued an executive order implementing his plan to provide civilian federal workers with an average 5.2% pay raise next month. Click […]
2024 General Schedule Base Pay Table Salary Table 2024-GS Incorporating the 4.7% General Schedule Increase Effective January 2024 Annual Rates by Grade and Step Click HERE for full chart