If white collar feds get a pay raise in January, pat yourself on the back — if you’re a member of a union, managers group or retiree association, that is.
Do you wish you could switch retirement plans with some of the younger or older people in your office. If so don’t worry about it. It’s probably safe to say that many if not most feds under the old Civil Service Retirement System envy their colleagues who are in the Federal Employees Retirement System.
If Uncle Sam had a special open season when you could change retirement plans, would you pick the old Civil Service Retirement System program or the Federal Employees Retirement System that replaced it in the 1980s?
Washington, D.C. area financial planner Arthur Stein joins host Mike Causey on this week’s Your Turn discuss how volatility in the U.S. stock market is affecting federal workers’ TSP accounts, and whether feds should head for the ‘safety’ of the Treasury securities fund, or stay the course. October 17, 2018
Last week’s $1.3 trillion “paper” loss gave a lot of people the jitters, but this is not an unusual amount of volatility.
The U.S. stock market was down 4.21 percent last week or about $1.3 trillion. If you are invested in the Thrift Savings Plan’s C and S funds, that means you, too.
Thanks to the diet COLA rule, people who have already retired under FERS will be limited to a 2 percent COLA in 2019.
The 2.8 percent cost of living adjustment coming this January for millions of retirees will be the biggest catch-up-with-inflation increase in years.
Last week a reader who plans to retire in 2022 asked for some TSP investing help so we passed the buck to you for the wisdom of the crowd. Here’s what you advised.
Kristine Simmons, Thomas W. Ross and Bill Valdez join host Mike Causey on this week’s Your Turn to talk about a new report that proposes some major changes to the Civil Service Reform Act.
For many people age 40 seems to be the not-so-magic number. If you buy that, be advised that the Civil Service Reform Act is turning 40 this Saturday.
The number of feds who have account balances ranging from $750,000 to $999,000 rose between 2016 and this year. Now the largest balance is more than $6 million.
This is supposed to be a government holiday, but unless you have kids in school or either work in a bank or need to visit your credit union today, you might be on the job.
When it comes to investment strategies, many Thrift Savings Plan participants have a plan. But one Causey reader needs your help.