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200. New Year Fed Finance Chat -- TSP Limits; Social Security Fairness Act Passes (CSRS employees/retirees)
Manage episode 460027107 series 2800294
Certified financial planner Brian Sigwart joined me on the podcast to discuss the elimination of the windfall provision, whichi limited CSRS employee social security benefits. (If you're a FERS employee, this won't impact you.) He also explains what you should be thinking about as we kick off a new calendar year (update your TSP contributions folks). Catch up contributions for folks of specific ages changed this year. You cna get more details here.
A WEP explainer:
https://www.ssa.gov/policy/docs/program-explainers/windfall-elimination-provision.html
Biden signed the bill:
https://www.psrs-peers.org/About-Us/News/2025/01/06/president-biden-signs-social-security-fairness-act--repeals-wep-and-gpo
Brian Sigwart's contact information:
Schedule a call with Brian here.
Brian Sigwart CFP® , RICP ®
CERTIFIED FINANCIAL PLANNER™ Professional
Financial Services Representative
11350 McCormick Road,
Executive Plaza IV, Suite 200
Hunt Valley, MD 21031
T: (410) 937-9098 Calls & Voicemails only
T: (410) 429-1031 Text only
F: (410) 785-7655
195 episode
Manage episode 460027107 series 2800294
Certified financial planner Brian Sigwart joined me on the podcast to discuss the elimination of the windfall provision, whichi limited CSRS employee social security benefits. (If you're a FERS employee, this won't impact you.) He also explains what you should be thinking about as we kick off a new calendar year (update your TSP contributions folks). Catch up contributions for folks of specific ages changed this year. You cna get more details here.
A WEP explainer:
https://www.ssa.gov/policy/docs/program-explainers/windfall-elimination-provision.html
Biden signed the bill:
https://www.psrs-peers.org/About-Us/News/2025/01/06/president-biden-signs-social-security-fairness-act--repeals-wep-and-gpo
Brian Sigwart's contact information:
Schedule a call with Brian here.
Brian Sigwart CFP® , RICP ®
CERTIFIED FINANCIAL PLANNER™ Professional
Financial Services Representative
11350 McCormick Road,
Executive Plaza IV, Suite 200
Hunt Valley, MD 21031
T: (410) 937-9098 Calls & Voicemails only
T: (410) 429-1031 Text only
F: (410) 785-7655
195 episode
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