Benefits

Retirement planning is essential for just about everyone but if you work for Uncle Sam, a few things can cost you once you’ve switched from larger biweekly paychecks to a smaller monthly annuity deposit.

Years after the buyout surge of the 1990s some still-working feds are hanging on until the next round of buyouts. But that could take a while.

The Trump administration is also planning to study the full scope of federal employees’ pay, benefits other opportunities for recognition, in effort to prove to Congress that the workforce would benefit from more flexible performance-based awards over across-the-board pay raises.

The Trump administration’s 2020 budget proposal includes significant changes in federal employee retirement programs, most of which are cuts but with one exception.

The federal employment question forms a knot that remains difficult to untie.

Retirement expert John Grobe, himself a former fed, said the length and uncertainty of the recent shutdown has a lot more people thinking about retirement, or just leaving government for greener pastures.

Who would apply for a job at a place where you might be forced to work without pay for a month, or that is threatened with bankruptcy every year? American University’s Bob Tobias says that is how the federal government looks right now.

John Grobe, president of Federal Career Experts, specializes in prepping feds for retirement and is Mike Causey’s guest on today’s episode of Your Turn.

Allan Roth, founder of Wealth Logic and a nationally syndicated financial columnist, said that when it comes to investing, his motto is “Dare to be dull,” as in boring.

Sen. James Lankford says whatever retirement changes occur should only apply to new hires. Hear this story and more in today’s Federal Newscast.

Lawmakers and Trump administration officials remain divided over whether rolling back postal unions’ right to collectively bargain over compensation, as recommended by the White House’s Postal Task Force, would put the agency on firmer financial footing.

The annual winter presentation of the president’s budget is akin to other ancient rituals which have since lost their original purpose.

Hardly anybody joins the government planning to become rich but you could be well on the way to millionaire status if you meet a few key characteristics.

Most of the House Republicans who repeatedly tried to cut costs in the massive FERS program are either gone from Congress or relegated by the 2016 midterm elections to minority status.