Q: I plan to retire from the U.S. Postal Service on Dec. 31. Any word on the proposal to roll over terminal annual leave into the Thrift Savings Plan? A: Not that I’ve heard.
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Q: I retired from the U.S. Postal Service on Oct. 31 and received a $10,000 incentive payment in December that was counted as part of my 2009 earned income. As part of the incentive package, I will receive another $5,000 this October. This has nothing to do with my retirement annuity, so will it again be counted as earned income for 2010? If so, I will be able to contribute it to my Roth IRA, correct? A: This is really a question for your tax preparer, but I expect that income to be reported for tax year 2010.