The size and purchasing power of your 2020 biweekly paycheck or monthly annuity payment will be decided in a couple of months. The good news about the January 2020 COLA for federal, military and Social Security retirees is that there almost certainly will be one.
Thanks to a 1997 tax law that included the then-new Roth option, many people saving for retirement now have two choices.
Despite tough talk from Congress and the White House, the federal employee benefits package has so-far remained untouched.
Many federal and postal workers live and work in high tax states, so many retire to low-or no-tax states to get more from their annuities.
Are there states where retirees can get tax breaks and enjoy a better standard of living? Short answer: Yes.
Despite a decade of mostly good-to-excellent returns in the stock-indexed C, S and I funds, most of the money feds have invested in their in-house 401(k) plan is in the fund which typically had the lowest returns.
Most TSP investors know the stock market is long overdue for a major correction. The question is when will that happen, how long will it last, and what if anything you should be doing about it?
When it comes to saving and investing for retirement, federal and military personnel are way ahead of their private sector counterparts.
Between March 2018 and March 2019 the self-made millionaires club of the Thrift Savings Plan added 9,540 new members.
The slight upward creep in living costs in the first four months of this year points to a modest January 2020 cost-of-living adjustment.