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Federal-military-Social Security retirees are hoping for a January 2020 cost of living adjustment, which is nice but not as nice as the days of 8% or 9% yearly increases.
Most of the 34,000 active and retired feds with million-dollar-plus Thrift Savings Plan accounts got there by keeping cool. Most have been steady investors for decades.
Senior Correspondent Mike Causey asked long-time reader Tony Krolik if there is life after retiring, which he did from the Internal Revenue Service five years ago.
As the year grows closer to an end, federal employees will be eager to see just how much their pockets will be impacted.
Monday’s column got the attention of a lot of readers, especially those at the top step of the top grade — GS-15. Unfortunately, says Mike Causey, the explanation was mostly wrong.
If your boss doesn't grin when folks speculate about the size of the 2020 federal pay raise, they have a good reason.
Many of the current TSP millionaires made their financial bones during the Great Recession of 08-09. Will history repeat itself during the next big recession?
Given that 2020 is a critical election year, and the number of federal workers in many congressional districts, any federal pay raise is a big deal.
Because of the 2017 tax law, many were surprised to learn that it no longer paid to itemize deductions that had been important in the past.
Bills, budgets and proposals to whack federal retirement benefits used to be the stuff of nightmares for both workers and retirees under FERS and CSRS.
The first TSP millionaires were all alike and today, they still have a lot in common. The vast majority have been investing the maximum for 29-plus years.
Earlier this year, the chances of both (or either) a federal pay raise and a separate cost of living adjustment for retirees were hovering somewhere between slim and slimmer. The president called for a zero…
Active and retired federal-postal workers, and their survivors have some of the best health insurance in the nation.
More than 4 million people, now-voting age adults, were born, and even more were in kindergarten, grade school or junior high when the attacks were made on the World Trade Centers and the Pentagon 18 years ago.