Thousands of feds in some of FEHBP’s best and most expensive health plans may be spared from a pending 40% tax on their favorite plans.
Many retirees will be watching the inflation index from now through September to see what their January cost of living adjustments will look like.
Even though Federal Employees Health Benefits Program health premiums are likely to go up next year, Uncle Sam will continue to pay the lion’s share of the total premium.
Many federal and postal workers live and work in high tax states, so many retire to low-or no-tax states to get more from their annuities.
Some see federal employment as a protected world of benefits, protections, a great place to retire from, etc. But the reality is sometimes very different.
A lot of people are now wondering if it’s a good time to get out of government and do something else. Jeff Neal reminds feds that an ill-informed move could land you somewhere that is worse than where you are now.
A growing number of people have moved into the TSP millionaires club. But, should all your retirement nest egg money be in the TSP?
While April and May produced record low numbers, June took a different turn as OPM received more retirement claims with less being processed.
Things are looking good. but the possibility of yet another government shutdown remains, as today’s guest columnist Abraham Grungold points out.
If you own a home, have a spouse, carry life insurance and invest in the Thrift Savings Plan, you probably need an estate plan.
When they retire, even with a guaranteed annuity and TSP investments, many feds have to learn to live with less. And taxes, which are never fun, can become an even bigger factor.
It’s a ritual of federal retirement: You retire, you get part of your pension while OPM takes months to figure out what you are really owed.
Active and retired feds probably won’t know the size of their 2020 pay raise — if any — or cost-of-living adjustment — if any — until late in the year.
Nearly every year for the past decade lawmakers have gone after the two major federal retirement programs, FERS and CSRS. So far, groups representing workers and retirees have managed to beat back the changes — but there have been some close calls.