Can You Outperform Social Security?
The average worker in America has 6.2% in Social Security taxes withheld from each of his or her paychecks. Could investing this money on your own offer better returns in retirement?
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 average worker in America has 6.2% in Social Security taxes withheld from each of his or her paychecks. Could investing this money on your own offer better returns in retirement?
The author says that utilizing the TSP effectively is key to a comfortable retirement and outlines some important contribution strategies to consider in your retirement planning.
What can go wrong with your retirement application under FERS? A retired federal employee shares a frank, personal perspective of her experience, her frustration and offers advice on how to realistically prepare for retirement under FERS in the hope it will help other federal workers be better prepared for the experience.
Exactly how is your retirement income taxed for federal income tax purposes? The author breaks it down piece by piece.
The author offers some questions to consider before taking the plunge into retirement.
How good is the Thrift Savings Plan? Its advantages for investors, including the rates of return, are unique, very favorable, and only available to those in the federal community.
The author says that it appears that President Reagan put Social Security on a premature path to insolvency through a payroll tax hike in the early 1980s and offers an analysis of why he believes this happened.
The Internal Revenue Service has announced annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012.
Many times when people consider the VCP annuity, it looks like a viable option. However, there are critical problems with the CSRS VCP annuity that you should know about before you sign on the dotted line.
Social Security has announced that it is expanding the services available with a my Social Security account, a personalized online account that people can use beginning in their working years and continuing throughout the time they receive Social Security benefits.