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Few aspects of federal retirement seem to be trending down more than a year after the pandemic first hit the U.S.
With five months left to go in the cost of living countdown, federal, military and Social Security retirees are looking at a 3% increase in benefits beginning in January.
When it comes to getting quality career financial advice from your employer, a lot of people say many government agencies provide the best overall quality advice.
While it is virtually impossible for a federal or postal retiree to run out of money, it is possible to run dangerously low — even with an annuity indexed in whole, or part to inflation.
The pros differ on how much anyone, average or not, needs in their retirement emergency cash fund. But you can, and should, work that out sooner rather than later.
Picking the right time to retire - day and month, not just year - could make a huge difference.
Although many don't think about it, you likely have an estate you will leave behind. Planning ahead could save you and your family lots of money and heartache.
Thrift Savings Plan millionaires, many of whom never expected to make it there, provide some perspective.
The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), created by Congress, have made monthly raids on the Social Security benefits of millions of retired civil servants for decades.
In March of 2020, there were 27,212 individuals with $1 million or more in their Thrift Savings Plan accounts. One year later, the TSP millionaires club has grown to 84,808 members.
An unexpected surge in retirement claims during March exceeded OPM's ability to keep up with the backlog.
The number of active and retired feds with $1 million or more in their Thrift Savings Plan accounts has jumped to a record 84,808 as of March 31 of this year.
Want to have a million dollars, at least, in your federal Thrift Savings Plan when you retire? Abraham Grungold, a financial adviser and current federal employee, can help you reach that goal.
Once again, there are dueling agendas to eliminate or offset the Windfall Elimination Provision, a pesky nuance that reduces Social Security benefits for some federal retirees.