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Choosing when to retire is never an easy decision, and the pandemic (during an election year) isn't helping feds either.
New federal retirement claims held largely steady in September, though they were still below their levels a year ago.
At least 9,000 fewer federal employees have retired this year since the start of the pandemic compared to the same six-month period in 2019. Federal financial planners say the pandemic is partly to blame.
The modern day equivalent of a panic-starter is to bring up the subject of the Government Pension Offset or Windfall Elimination Provision to retired federal or state government employees, or their spouses.
The Thrift Savings Plan will start quietly nudging new participants to contribute more of their income toward their retirements -- by doing it for them.
Some savvy investors say the President has a major impact on the economy and the stock market. Others say events -- not whoever is elected POTUS in November -- will determine whether your Thrift Savings Plan languishes or takes off like a rocket over the next four years.
The board that oversees the Thrift Savings Plan will have a few new members in the coming weeks and months. They'll eventually pick up the debate over the international fund -- and whether to throw China in the mix.
Given the choice, would you take a reduced CSRS or FERS annuity later — for life — if it meant you could telework from the geographic location of your choice?
For better or worse, the country is slowly beginning to re-open, so for many feds, whether long-time or relatively new, the question is -- what now?
The number of new claims received last month dropped while the number of claims processed also decreased in August, according to monthly data from Office of Personnel Management.
Fortunate federal retirees, like people who get Social Security, usually get a catchup-with-inflation increase in their benefits the first of each year.
Mike Causey asked long-time fed and financial coach Abraham Grungold to check out the 2020 situation, who listed some things which workers under the Federal Employees Retirement System retiring in 2020 should seriously consider.
And during times like this, when a pandemic is still running wild, your estate, which you may not have known you had, probably needs a little work because the old rules no longer apply.
In today's Federal Newscast, early retirement and buyout offers the Federal Deposit Insurance Corporation made to employees back in March are off the table.