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.
By working another two years, an employee earning $80,000 per year can boost their retirement income by almost $30,000.
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.
Picking the right time to retire - day and month, not just year - could make a huge difference.
Thrift Savings Plan millionaires, many of whom never expected to make it there, provide some perspective.
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.
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 virus-driven stock market crash has hammered the TSP accounts of hundreds of thousands of feds, many of whom had planned to retire this year.
While the short-term impact is obvious, the long-range impact of the coronavirus scare on the world economy, the stock market, and your Thrift Savings Plan nestegg is yet too be determined.
Even in the federal government where workers are supposed to be treated the same and be paid based on their grade level, there are differences. Take the two main retirement systems.