Did Lyndon Johnson Steal From the Social Security Trust Fund?
The author says that a pervasive online myth is that Lyndon Johnson stole money from the Social Security trust fund in order to pay for the Vietnam war.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
The author says that a pervasive online myth is that Lyndon Johnson stole money from the Social Security trust fund in order to pay for the Vietnam war.
What was the average TSP balance in March 2014 compared to one year earlier? How did federal employees handle their money in March preparing for the stock market returns in April? Here are some new data from the TSP.
OPM made a modest improvement in its backlog of retirement claims in April.
What are the rules about coming back to a government position after retirement in a contracted capacity? Will this affect annuity paymts?
There are specific rules and regulations on returning to work for Uncle Sam after retirement. This article does not attempt to answer the question as to why someone would want to return to working for the federal government after retiring. It will simply address how to do that.
Can one leave the TSP as it is for now and take monthly payments for now and roll over into an IRA after 2 years?
Is it better to start saving early for retirement? Absolutely! However, not everybody is willing or able to start at a young age. Are you ever really “too old” to invest and save for your future?
The money in the Social Security trust fund is gone. The author offers some details about why this is the case and says that Social Security can still be a good program if the money were to be replaced.
There is a lot of uncertainty facing federal employees these days, and one idea that has been floated is reducing the size of the federal workforce. One way to do this is by offering buy outs. The author offers some details you need to know if you are considering a buy out.
The procedure for calculating the supplement is clearly spelled out in Chapter 51 of the CSRS & FERS Handbook, but it is a difficult process. The author offers a more concise explanation.