Do you wish you could switch retirement plans with some of the younger or older people in your office. If so don’t worry about it. It’s probably safe to say that many if not most feds under the old Civil Service Retirement System envy their colleagues who are in the Federal Employees Retirement System.
Retiring from federal service sounds simple, but federal retirement expert Tammy Flanagan says you’ve got more choices to make about your annuity than you might realize.
Thanks to their Civil Service Retirement System and Federal Employees Retirement System annuities, most federal-postal workers are in good shape compared to many of their private sector counterparts.
Many experts say that the current bull market began in March 2009 and if it lasts through this month it will be the longest in history. Others say it didn’t start until much, much later.
Thanks to the FERS, CSRS and Social Security retirement programs, some feds will have guaranteed lifetime payments worth $1 million to $2 million. Are you one of them? If not, what can you do to reach your retirement goals? Find out when attorney Thomas J. O’Rourke joins host Mike Causey on this week’s Your Turn. August 1, 2018
Thanks to the Federal Employees Retirement System, the Civil Service Retirement System and Social Security retirement programs many people in the federal government will have guaranteed lifetime payments worth $1 to $2 million.
Guest columnist Abraham Grungold, a federal employee and burgeoning financial coach in Florida, offers his federal employee retirement planning checklist.
Having a secure financial future is even more likely if you know where you are now and where you are heading, as you get closer to that magic time when you could retire.
If any of the Trump administration’s proposals to overhaul the federal pay and pension plans make it through Congress, thousands of federal workers might have to extend their tours of duty by as much as a decade to maintain their standard of living.
The White House has revived old proposals to make feds pay more for, and get less from, their retirement package while also eliminating a gap payment for workers who retire before age 62, even if they are required to do so.