The Consumer Financial Protection Bureau told the chairmen of two Senate financial committees it fixed an "isolated coding error" in its retirement planning calculator, but those senators said many questions remain unanswered.
When investing for retirement having more time is good, but Senior Correspondent Mike Causey says that young and lower-paid federal investors may be missing a golden opportunity.
On this week's Your Turn, financial analyst Bob Lang will discuss investment options for federal workers and Katie Maddocks with the Federal Managers Association will talk about some pending legislation on Capitol Hill and how it could affect feds. March 9, 2016
More than 90,000 current and former federal workers have 401k plan balances of half a million dollars or more. Senior Correspondent Mike Causey explains why.
The Office of Personnel Management saw retirement claims increase in volume in February as its backlog of claims continued to climb upward.
Investors in the federal Thrift Savings Plan are trying to figure out when their stock funds will return to normal. Senior Correspondent Mike Causey says maybe they already have.
February marks the fourth month in a row that the Thrift Savings Plan posted negative numbers in nearly all its funds, although the negative returns were less severe than January's data.
Federal workers and others trying to build substantial retirement nest eggs could be hit with future face limits on how much they can invest and save.
Do you know the difference between retirement planning and estate planning? Washington estate planner Tom O'Rourke will explain it when he joins host Mike Causey on Your Turn. March 2, 2016
Do you have an escape route from your job, the date you plan to retire? Senior Correspondent Mike Causey says you actually need two sets of numbers.
What are your best date(s) to retire? Federal benefits expert Tammy Flanagan will answer that question when she joins host Mike Causey on Your Turn. February 17, 2016
Randy Silvey, president of Silverlight Financial, highlights three kinds of federal employees who prepare for retirement. And like the three little pigs, the retirement plan made of bricks is the most prepared.
If you're thinking of retiring or maybe retired a bit early, Social Security has a couple of curve balls for you. One of them concerns claiming your benefits. The elimination of claiming strategies that takes place this year is something you need to keep in mind. Tammy Flanagan, senior benefits director at the National Institute of Transition Planning, joined Federal Drive with Tom Temin to offer some insight.
As usual, more federal employees filed for retirement in January than any other month in the last year. The Office of Personnel Management ended January with an inventory of 19,761 unprocessed claims.
Democrats and Republicans both agree the Postal Service needs congressional help to better its budget, but getting there is a tougher problem.