A ‘diet COLA’ for FERS retirees has compounding effects on retirement savings
A reduced cost-of-living adjustment, or “diet COLA,” for FERS retirees can create a much larger difference in retirement savings over time.
A reduced cost-of-living adjustment, or “diet COLA,” for FERS retirees can create a much larger difference in retirement savings over time.
If you are planning on retiring soon (this year or next) have you thought of the lifetime impact of long-term inflation on your diet-COLA annuity?
For a huge chunk of the U.S. population, the big deal is that more than 73 million people will soon be getting their biggest catch-up with inflation increase…
With so many feds retirement-eligible, many are likely crunching the numbers to decide if it is better to be retired from government than working for it. Both financially and emotionally.