If reading or hearing the news has become more depressing each year, there is good news for the federal family. Finally.
Federal, military and Social Security retirees are in line for a cost of living adjustment that could be their biggest in more than a decade.
When it comes to a comfortable annuity for life, no matter how high prices go, not all feds are treated equally.
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.
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.
Picking the right time to retire - day and month, not just year - could make a huge difference.
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.
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.
Planning for retirement is a process that doesn't have to be a painful if you avoid some common mistakes. It will pay off big to know what they are and avoid them.
Planning for retirement isn't rocket science, but in some ways it is more challenging because ultimately you'll be riding that rocket however long it takes.
The golden years can be the best time of your life, but only if you are sure you have all your bases covered.
If you're even THINKING about retiring this year, or next, you have a lot to consider. And 2021/22 could be a tough time to decide.
Whether you are going out this year, next summer or departure day is years away, plan ahead. Starting yesterday. But beginning now is better than nothing. A lot better.
News that they will be getting a 1.3% cost of living adjustment in January 2021 is getting a mixed reception from federal, military and Social Security retirees.
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.