What is the Best Date to Retire?
The author says that the best date to retire is when you are financially able and psychologically prepared, however, he offers some dates and considerations for those concerned about the monetary nuances.
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 the best date to retire is when you are financially able and psychologically prepared, however, he offers some dates and considerations for those concerned about the monetary nuances.
The unfunded liability of the older CSRS retirement system will hit a peak of $684.8 billion by 2023. Your future pension benefits should be secure despite the financial shortfall, according to OPM, as the number of people covered by CSRS continues to decline.
The “fiscal cliff” is a term that refers to a series of tax increases set to take effect at the start of 2013. What are some of these tax increases, and what impact would they have for you?
As a federal employee, you may be wondering if your active duty military service is “creditable” toward your civilian retirement. It depends on several factors.
With an increased concern over tax rates, there is compelling need to protect what may be for many individuals their largest single asset: their retirement plans. The author outlines critical decisions that she says must be made before January 1, 2013 as they relate to tax implications in planning for retirement.
Now that the country has gone through a polarizing election and billions of dollars and untold hours have been spent to determine the will of the American people, what has changed and what will be the impact on the federal government and federal employees?
According to OPM’s monthly progress report on its retirement claims backlog, the number of claims received in October was much lower than the number received in September, but the number of claims actually processed was about the same as the previous month.
Hurricane Sandy caused the federal government and stock market to shut down for two days, but despite that, federal retirees shouldn’t see a disruption in their retirement income.
The author explains some common misconceptions about how sick leave is credited for retirement purposes.
A new survey reveals that for many Americans, planning for retirement has become a “guessing game,” with 75% of respondents reporting their retirement calculations as being based on a best guess.