While there are still probably lots of self-made civil servant millionaires, the ranks of those who invested or saved their way into the 7-figure 401k club have definitely been thinned by the stock market’s reaction to the coronavirus problem.
It took agencies an average of 98 days to hire new talent, according to the most recent data available from 2018.
When I made my stop-the-presses announcement that I’m moving into phased retirement, I found out a couple of things.
Well, it finally happened. After 10-plus years, the longest bull market in history, the stock market had an historic correction.
Experts from the National Active and Retired Federal Employees Association said the election season will overshadow much of what should happen on Capitol Hill.
The Democratic presidential primaries are great drama this year and the coronavirus scare is super important. That said, until a lot more is known, life goes on.
Lobotomizing of federal telework programs could be happening for a couple of reasons but the coronavirus is presenting a new test of that trend.
Phased retirement hasn’t been as popular among federal employees as expected, but Mike Causey is willing to give it a shot.
While the short-term impact is obvious, the long-range impact of the coronavirus scare on the world economy, the stock market, and your Thrift Savings Plan nestegg is yet too be determined.
The White House’s proposal would eliminate a long-time benefit which provides “gap” payments to employees, like federal firefighters, forced to retire as early as age 57.
Working for the federal government has its rewards and challenges. The same when you retire — a lot of options which also means a lot of choices.
Is this maybe not the best time for government agencies to be cutting back on their telework programs? Can you say coronavirus?
Even in the federal government where workers are supposed to be treated the same and be paid based on their grade level, there are differences. Take the two main retirement systems.
One of the great fears of people planning for retirement is running out of, or low on money while they are still breathing.
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