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Employees Need to Understand the Rules for Inherited IRAs - Part IV
In the fourth of four columns discussing the rules for “inherited” IRAs, this week’s column discusses the rules for naming trusts as IRA beneficiaries. Specific IRS requirements for naming a trust as an IRA beneficiary is presented. Two potential IRS traps associated with naming trusts as IRA beneficiaries are also presented together with some suggestions to avoid these traps.
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Thrift Savings Share Prices
Thrift Savings Share Prices as of Oct. 11, 2017.
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The TSP yoyo
For many federal investors October is the scariest time. Some say it is akin to walking through a financial mine field full of booby traps waiting to happen. October is when the Great Depression started in 1929. The tenth month of 1987 was when the bottom fell out again giving us the Great Recession, which was unmatched until 2007, October naturally, when the most recent Great Recession happened and the country almost went under.
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Fed retirees get 2 percent COLA in 2018
Federal retirees will get a 2 percent cost-of-living adjustment for 2018, which is in accordance with the latest consumer price data released by the Bureau of Labor Statistics.
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Dems stop short of threatening a shutdown over ACA cuts
Some Democrats have put the threat of a government shutdown back on the table over issues with President Trump’s recent action with the Affordable Care Act funding.
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VA could undergo BRAC process
Lawmakers are urging the Veterans Affairs Department to go through a process of closures of underutilized medical buildings similar to that of base realignment and closures that occur at the Defense Department.
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Survey: Federal employee engagement highest in 6 years
Federal employee engagement has reached its highest level in six years, and most employees have a positive perspective of their workplaces, according to the results of the Office of Personnel Management’s annual viewpoint survey.
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OGE warns agency leaders about unethical behavior
The Office of Government Ethics is reminding agency leaders that they are responsible for the ethical culture within their organizations, a message that comes at a time when the Trump administration has been criticized for agency secretaries’ use of private jets.
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Senate panel advances security clearance backlog bill
A bill that aims to reduce the federal government security clearance backlog has advanced to the full Senate with a few additional provisions aimed at standardizing the background check process.
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D.C.-area commission reviews federal parking policies
After more than a decade, the National Capital Planning Commission is reviewing its federal parking policies, which will likely have an impact on federal workers in the Washington, D.C., region.