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.
Bills to reform the Windfall Elimination Provision and Government Pension Offsets have been reintroduced to Congress many times. Now a bill to reform the FERS "diet COLA" joins them.
If you are currently a federal worker who is considering retiring this year, is it possible to get both the pending pay raise and the COLA due retirees in January?
In today's Federal Newscast, House lawmakers want to change how cost-of-living adjustments, or COLAs, are calculated for many federal retirees.
The less than good news is that workers and retirees will need every penny of the near-record raise and COLA just to keep pace with inflation.
The House Committee on Oversight and Reform passed legislation that would create an internship center at the Office of Personnel Management.
The people behind the TSP, the Federal Retirement Thrift Investment Board, have a strategic plan for now through 2026.
Decades after FERS replaced CSRS some people, in both systems, insist they got the shaft. And are very bitter about being one of the have-nots.
The Office of Personnel Management reported that April's average monthly processing time for retirement claims was down from March and February, but still higher than in 2021.
Retiring as soon as you can may seem like a good idea now. But how will it impact you financially years into retirement when inflation has reduced your FERS annuity or your TSP balance?
Performance among the Thrift Savings Plan's stock funds was mostly down last month and the Lifecycle funds dropped, too, following slight gains in February.
Retiring from the federal government isn’t rocket science. And for some people its even more complicated and baffling. So it helps to have a checklist to keep you on the right career path.
If you have a simple exit strategy that provides the best deal for you in retirement, there is a good chance it may be wrong. Or at least not very simple.