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Sometime this summer, the number of investment choices in the federal Thrift Savings Plan will jump to include roughly 5,000 mutual funds.
The age requirement for starting TSP retirement distribution would increase under the Securing a Strong Retirement Act
Important consideration: Know when to quit! Often later is better, even if you could get by leaving the job earlier.
With so many feds retirement-eligible, many are likely crunching the numbers to decide if it is better to be retired from government than working for it. Both financially and emotionally.
It isn’t the year that matters, but the month of the year that you decide to retire. So if you’ve got a friend hoping to take advantage of a higher COLA tell him or her that the clock is ticking.
Financial planner Arthur Stein, who has a large number of federal-retiree clients, says there is another option for them — or anyone else — who may want to invest some of their emergency funds or excess cash in a super-safe option.
Social Security is an agency in some crisis as labor relations are strained with ongoing uncertainty over their contracts.
While the raises and COLAs are important to individuals, the community and the nation, the actual amounts are often a mystery to both workers and retirees. Especially when the amounts vary greatly.
The WEP/Offset battle is up and running again, with renewed vigor. Since it's important to so many, Mike Causey will be taking a look at both sides of the argument.
In most cases there are a number of “best dates” each year to retire. Even more importantly is picking the actual year itself. What’s best for you may not work for a colleague with the same service time and salary level. So how do you find that magic moment?
The backlog in federal retirement claims continued to climb in February as OPM decreases the monthly average processing time from 94 to 89 days.
One long-time fed said I had made unfair (and unjustified) editorial comments about the impact and the need for the WEP and GPO.
After a month of disappointing returns in January, Thrift Savings Plan funds closed out February trending positive. Performance is still negative over the past year.
TSP participation rates for the Federal Employees Retirement System and active duty uniformed services were at all-time highs in January: 94.9% and 81.3%, respectively.