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.
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.
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.
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.
About 89% of participants said they're satisfied with the Thrift Savings Plan in 2021, a 2% bump over last year. The TSP attributes the slight increase to improved satisfaction among military members in the blended retirement system.
Do you suffer from pension envy? Many current and retired federal employees do!
With inflation on the rise, a growing number of feds are crunching the numbers to weigh the financial benefits of working another year or two.
When they leave government, either for other jobs or to retire, more than half of all TSP investors take some, or often all, of their money with them.
By avoiding some common mistakes, you can prepare yourself for a much easier retirement.
If they made a movie about a government janitor who legally became a millionaire, would you see it? Would you believe it?
Are you saving enough for retirement? Maybe the question nags at you; maybe you wish you thought about it more.
The 22% increase in federal retirements from June to July has led to a growing claims backlog.
While some welcome regular reports on the TSP and its stakeholders, many are concerned that Congress may take issue with the idea of millionaire bureaucrats.