200. New Year Fed Finance Chat -- TSP Limits; Social Security Fairness Act Passes (CSRS employees/retirees)

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: [phone]  Calls & Voicemails only T: [phone] Text only F: [phone] [e-mail] http://www.caafg.com/