Many federal and postal workers live and work in high tax states, so many retire to low-or no-tax states to get more from their annuities.
Some see federal employment as a protected world of benefits, protections, a great place to retire from, etc. But the reality is sometimes very different.
A lot of people are now wondering if it’s a good time to get out of government and do something else. Jeff Neal reminds feds that an ill-informed move could land you somewhere that is worse than where you are now.
A growing number of people have moved into the TSP millionaires club. But, should all your retirement nest egg money be in the TSP?
While April and May produced record low numbers, June took a different turn as OPM received more retirement claims with less being processed.
Things are looking good. but the possibility of yet another government shutdown remains, as today’s guest columnist Abraham Grungold points out.
If you own a home, have a spouse, carry life insurance and invest in the Thrift Savings Plan, you probably need an estate plan.
When they retire, even with a guaranteed annuity and TSP investments, many feds have to learn to live with less. And taxes, which are never fun, can become an even bigger factor.
It’s a ritual of federal retirement: You retire, you get part of your pension while OPM takes months to figure out what you are really owed.
Active and retired feds probably won’t know the size of their 2020 pay raise — if any — or cost-of-living adjustment — if any — until late in the year.
Nearly every year for the past decade lawmakers have gone after the two major federal retirement programs, FERS and CSRS. So far, groups representing workers and retirees have managed to beat back the changes — but there have been some close calls.
Thrift Savings Plan participants will soon have access to additional lifecycle funds that will more closely align to their specific retirement dates.
Best listening experience is on Chrome, Firefox or Safari. Subscribe to Federal Drive’s daily audio interviews on Apple Podcasts or PodcastOne. No one ever said marriage was simple. For federal employees getting set to retire, having a spouse…
While Mike Causey is on vacation he asked readers to fill in the space with guest columns for some fresh material and different viewpoints.