As Trump Seeks To Reshape The Federal Workforce, Unions Blast His Schedule F Plan From meat inspectors to border patrol officers, many Americans who work for the federal government could soon see their jobs reclassified into at-will positions, meaning they can be dismissed for nearly any reason. In a related development, the White House expects […]
2025 Tax Season is Here: TSP, IRA Considerations for Contributions and RMDs You can fund a spouse’s IRA even if he or she had no earned income in the prior year, and take the deduction this year; less tax and more savings. One of the rules around Individual Retirement Arrangements (IRAs) is that one must […]
TSP: Changes in 401(k) Plans Take Effect This Year The changes in 401(k) plans that take effect this year can have implications for the Thrift Savings Plan (TSP) as well, since both are retirement savings vehicles. Here are a few potential impacts: Contribution Limits: If the contribution limits for 401(k) plans increase, a similar adjustment […]
OPM Officials Tout Agency’s Transformation Under Biden Leaders at the federal government’s dedicated HR agency said the organization has come a long way since being targeted for elimination by the first Trump administration. Just six years removed from an unsuccessful bid to break up the federal government’s dedicated HR agency, officials at the Office of […]
This 401(K) Change Could Maximize Your Savings Source: NewsNation New contribution limit for those 60 to 63 years old is $11,250 The 2025 change increased the limit by $3,750 If you exceed the contribution limit, you will be double-taxed A change in 401(k) plans takes effect this year, which means some people who save in […]