The Thrift Savings Plan might be the easiest way to accumulate wealth ever devised. Still, people find ways to mess it up, or not get the most out of it.
The government might employ some two million people, but no two federal employees are alike. That's why career and retirement planning can be complicated.
Your faithful radio anchor and columnist has a year before his own retirement and will chronicle the practical parts of the planning.
The Windfall Elimination Provision and Government Pension Offset have both been around for decades. They reduce or rule out Social Security benefits for some.
Many lawmakers are pushing for a full repeal of WEP and GPO, but others are instead looking to reform the benefit calculations for affected federal annuitants.
OPM also made improvements in the inventory backlog shrinking it by 2,786, for a total of 16,823 claims in March, the lowest it's been since December 2023.
With the era of near-zero inflation over, retirement planning has taken on new urgency, because a fixed income and rising prices don't make a good combination.
USPS retirees who are eligible for Medicare Part B, but do not have it, can sign up between now and September 1 without having to pay a penalty.
TSP is the one element in the TSP-FERS annuity-Social Security trio that is not fixed, or at least not tied to nominal inflation adjustments.
No one avoids death and taxes. But you can make sure an element that is crucial to a comfortable retirement lasts the rest of your life.
First, it may be helpful to explore if Roth contributions to your TSP or Roth conversions outside of your TSP are helpful to you during your lifetime.
Not all debt is evil if you manage it correctly. Retired federal manager Abe Grungold of AG Financial Services offers advice.
OPM also saw improvements for the average retirement claims processing time for February, reaching 47 days, setting a new record.
For a couple of decades, the For Your Benefit show has aired here on Federal News Network. Host Bob Leins broadcast his final show this past Monday.
Long time benefits show host Bob Leins broadcast his last show. But coverage of retirement and how to build that nest egg will continue on Federal News Network.