Feds are used to having some wrenches thrown their way this time of year. And this year will come with some surprises too, but predicting them is tricky.
At least 9,000 fewer federal employees have retired this year since the start of the pandemic compared to the same six-month period in 2019. Federal financial planners say the pandemic is partly to blame.
While the politicians insult one another, the regular folks try to get things done.
Depending on your job, agency and geographic location, many feds have been on lockdown going on 8 months. For some people this has been the catastrophic event of a lifetime. Others have taken it in stride or are adjusting.
Most people know they are worth more dead than alive. But many — including those who survive them — don’t know how much more.
Do you find yourselves longing for the good old days, or your version of same? Maybe back to a time when candy bars were only a nickel or a dime, or when kids went to school at actual schools?
Military members and federal employee groups worry those impacted by the president's mandatory payroll tax deferral aren't getting the message about the extra dollars they're seeing in their paychecks -- and that they'll have to pay it all back next year.
How are we going to cope with the second six months of the pandemic?
While it has been an unimaginable tragedy for many people, for many of us, including feds, it has been survivable so far.
The modern day equivalent of a panic-starter is to bring up the subject of the Government Pension Offset or Windfall Elimination Provision to retired federal or state government employees, or their spouses.
Every year thousands of federal workers turn down an extra 1%-4% or more contribution from the government to their TSP account because they can't afford it.
The Thrift Savings Plan will start quietly nudging new participants to contribute more of their income toward their retirements -- by doing it for them.
So many of my former sources' kids are now in the market, I'm declaring a trend.
It's popular, maybe even comforting, to say that the ongoing worldwide panic has put us all in the same boat. Were all in this together and all that! Comforting, maybe. Not really true.
Some savvy investors say the President has a major impact on the economy and the stock market. Others say events -- not whoever is elected POTUS in November -- will determine whether your Thrift Savings Plan languishes or takes off like a rocket over the next four years.