Have your career plans changed some, a lot or completely since the COVID pandemic? Has the retirement tsunami, first predicted in the 1990s, actually started?
Currently, most feds in retirement left under the CSRS program so they get full COLAs. But the overwhelming majority of people working for Uncle Sam now are under the FERS program.
Employees and contractors are entering uncharted territory with the new federal vaccine mandate, bringing anxiety to some who wonder whether it'll prompt firings, retirements and departures for the resistant.
Time, especially for federal workers under the Federal Employees Retirement System (FERS), can be on your side. If you plan wisely and begin early.
What’s a TSP investor do? Plan ahead and don’t panic is what most of the pros say. But knowing what you should do during the next stock market crash and doing it are two very different things.
OPM has not come back to pre-COVID levels of retirement claims processing and staffing, and like many federal agencies is still dealing with a wide swath of the workforce working remotely.
For somebody with a long retirement horizon ahead of them, deferring Social Security until age 70 could boost their benefit 68%. Tough call. But one worth considering very carefully.
Is it safe to put your retirement nest egg in the never-has-a-bad-day (or many good days) G fund? Or go for the stock index or L funds which go up and down but mostly up in recent years?
If the 2022 mid-term elections are as energized as some experts predict, it could produce a Congress that might repeal or modify two 1980s laws.
The Biden administration is planning on an average 2.7% federal pay raise for most civilian employees in 2022, but for many seasoned feds, next year's salary is anything but certain.
Year over year, the F and G funds were up slightly while the S, I and C funds were down between 3.36 and 5.20 percentage points.
Whatever the reason, whether your life is a bed of roses or a getting-worse-nightmare, there are things you can do now to insure what you leave will go to who you want.
The good news for most white collar civilian federal workers is that President Joe Biden wants them to have a 2.7% raise in January, 2022.
The White House gave its clearest indication yet on where it's going with federal pay in 2022.