Tom Walker, a chartered federal employee benefits consultant and founder of Walker Capital Preservation Group, Inc., details what employees need to consider before taking a loan from their retirement savings account.
The defined pension plan has been a remarkably durable feature of federal civil service for a long time. But noise coming from the 115th Congress suggests big changes for the pension system. Higher employee contributions and even ending the defined benefit pension plan altogether are on the table. Tammy Flanagan, senior benefits director for the National Institute of Transition Planning, shares her insight on Federal Drive with Tom Temin.
The Congressional Budget Office recently published its annual predictions for Social Security. No surprise, it found the cherished program will go broke in a few years, unless Congress changes the rules or raises taxes. Brenton Smith, founder of an organization called Fix Social Security Now, isn't so sure. He's been studying the program for years and joins Federal Drive with Tom Temin with some ideas.
The Office of Personnel Management processed more retirement claims in December than in November, but did little to reduce its claims backlog in preparation for the surge in federal employee retirement it expects to see in January's numbers.
If one of your New Year's resolutions is to improve your financial picture, Senior Correspondent Mike Causey says federal workers should start with their Thrift Savings Plan.
Randy Silvey, president of Silverlight Financial, says federal employees need to have a better grasp of their financial situation as they decide to ride into the sunset.
The Thrift Savings Plan ended 2016 on a strong note, posting both positive monthly numbers and high yearly numbers.
Financial planner Arthur Stein shares his thoughts on the stock market's recent surge and what it means for your Thrift Savings Plan. January 4, 2016
Guest columnist Jim Halbruegger shares some of the lessons he's learned in his long federal career.
Attorney Tom O'Rourke joins host Mike Causey on this week's Your Turn to answer your estate planning questions. December 28, 2016
Social Security may be a third rail, but it's time for the politicians to step right on it.
The 2017 defense authorization bill increases the amount DoD workers get for leaving their jobs by $15,000. The bill, signed into law by President Obama on Friday, provides up to $40,000 in retirement incentives for eligible civilian employees.
What is the fastest growing group of federal workers? Scientists, IT specialists or millionaires? Senior Correspondent Mike Causey says the answer may surprise you.
Stock market prognosticators predicted doom and gloom prior to the election. Senior Correspondent Mike Causey says the reality is quite different since then.
USPS improved its numbers across the board in 2016, reaching record growth in certain categories, but still lost money due to retiree health benefits prefunding requirements and April's exigent rollback, which cost USPS about $1 billion this year.