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For many people, dating back to World War I, Treasury securities have been a steady part of their personal financial planning.
On this week's Your Turn, financial advisor Arthur Stein will talk about the future course of your TSP account, and FNN reporter Drew Friedman will talk about the very latest on the federal pay raise. Then we’ll get into the prospects for a large retiree COLA and the issues TSP investors are having with the new system.
Worried about how you will survive the next recession? While you’re at it, maybe you should worry about the recession-after-next. And the one that follows it.
There may come a time in your family's life when having the should-I-have-a-trust conversation is critical. Whether you did it, or especially if you didn’t do it but should have!
Life’s a series of choices. Some easier and more important than others. Like when are you gonna retire? Does it really matter?
When Social Security was launched in 1935, the average life expectancy for men was 59.9 years and 63.9 for women. Full benefits started at 65, so do the math! It sounded almost like a safe, government-guaranteed Ponzi Scheme, minus the scheme part.
When Congress created the Federal Employee Retirement System in the ‘80s, one of the most notable changes was that future retirees would get smaller cost of living adjustments than participants in the old Civil Service Retirement System. CSRS and Social Security beneficiaries get COLAs that match inflation; FERS retirees get a smaller adjustment. That hasn’t been a big deal over the past decade of low inflation, but obviously circumstances have changed.
The Office of Personnel Management reported May’s average monthly processing time for retirement claims was up from April and higher than in May 2021.
The Federal Retirement Thrift Investment Board adds customer service representatives to help participants who are frustrated with new account interface.
A major online update for the Thrift Savings Plan causes high call volumes for the Federal Retirement Thrift Investment Board.
Congress — at least the House side of it — is closer than ever to giving the green light to repeal or reform WEP and GPO, the so-called “Evil Twins” that eat into, or eliminate, the Social Security benefits of hundreds of thousands of former government employees or their widows.
Performance among the Thrift Savings Plan's stock funds was mixed last month and the Lifecycle funds slightly dropped.
A million dollar nest egg may be a reasonable goal at age 25. But that could change by the time you are 50 or 60. Maybe been through a major recession or two. Or seen inflation skyrocket.
It's easy to talk about long-haul, no-panic investing during good times, like we’ve just experienced for an unnaturally long time. But when the going gets tough and markets decline, it is harder to stay the course and sleep at night.