annuity

  • Will retirement mean lifetime diet?

    Most current federal retirees, and a small percentage of folks still on the payroll, are under the old Civil Service Retirement System. It offers a generous lifetime annuity that is based on salary and length…

  • Social Security’s windfall: Curse or cure?

    The windfall elimination provision reduces the Social Security benefit for someone with less than 30 years of covered service if they qualify for an SSA benefit after as little as five years of covered service.

  • Summer special: Perform your own (financial) autopsy

    Have you had your professional mid-life crisis yet? If not, this might be a good time to get it over with.

  • Retirement prep tips: Boost your Social Security benefit 76%

    Benefits expert Tammy Flanagan joins Your Turn today to answer questions about Social Security and retirement applicable to both federal and private sector workers.

  • Are you worth more dead or alive?

    Many long-time government workers and retirees are worth more dead than alive due to the variety of wealth they accumulate over a lifetime.

  • Managing your inner millionaire

    Most federal and postal TSP millionaires got that way by ignoring the ups and downs of the market despite the pre-Christmas plunge in 2018.

  • Timing your retirement to get maximum benefit

    For at least the past six years, right or wrong, smart or not, some nervous feds from Maine to California have kept a nervous watch on Washington and their HR office. They are watching the…

  • Retirement plan tops congressional hit parade — again

    For the last six years many federal workers and retirees have had nightmares about losing major parts of their Civil Service Retirement System and Federal Employees Retirement System benefits. And they’ve gone through a series…

  • Social Security offering early outs, not buyouts

    Senior Correspondent Mike Causey thought he had a scoop that the Social Security Administration was offering buyouts to long-time employees but he explains why that’s a misunderstanding.

  • 2020 retiree COLA: Going up, down or nowhere?

    Federal retirees and folks who get Social Security benefits may be among the few people in the country who get anxious when crude oil prices drop.