The two decades-old laws impact, as in reduce or almost eliminate, the Social Security benefits of 1.8 million public servants.
In what’s become the administration’s evergreen budget plan, the White House has again proposed that federal workers kick in more of their salary toward their retirement plan in return for smaller lifetime annuities that are frozen when they retire.
Most people stop looking forward to birthdays after they first become eligible to drive, or vote.
NARFE president Ken Thomas says last year's White House budget proposal “breaks promises to both current and future retirees."
The decision to pull the plug depends on the job, your family situation, health, financial goals and, maybe, whether you’re a glass-half-full versus glass-half-empty type.
Some experts in retirement planning believe that many feds with memories of the Great Recession of 2008-2009 are working longer than they have to.
But the one way to anger many feds is to tell them or remark that they are lucky to have such a good pension — then stand back.
While your income will likely go down in retirement, moving to a more tax-friendly state could increase the cash value of your annuity.
Federal workers this month are getting a 3.1% total pay and federal-postal retirees are getting a 1.6% cost of living adjustment.
To protect their annuities from the ups and downs of the stock market, many active and most retired federal-postal workers have a major chunk of their Thrift Savings Plan account in the Treasury securities G fund.
Timing federal retirement right allows you to carry over the maximum amount of annual leave, and in 2020 be paid for most if not all of it at the new higher 3.1% pay raise.
Most experts would say it depends on your age, when you plan to retire, and, very important, your risk tolerance.
When it comes time to start withdrawing money from your TSP will you be glad you invested pre-tax, or wish somebody had talked to you about the Roth option?
Last month the Thrift Savings Plan implemented a series of changes in withdrawal rules it hopes/expects will lead to more people leaving their investments in the TSP when they leave government.