As last Sunday's Super Bowl recedes into old news, I think there's a lesson for federal employees who work far below the political level.
The good news is that federal, postal, military and Social Security retirees in January will be getting the largest cost of living adjustment they’ve had in years. That is also the bad news!
In today's Federal Newscast, President Joe Biden will sign an executive order aimed at saving Americans time and frustration when seeking a broad array of federal services.
Recent legislation would get rid of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), but the repeal would be temporary. Federal employee groups say it's better than nothing.
Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022
For somebody with a long retirement horizon ahead of them, deferring Social Security until age 70 could boost their benefit 68%. Tough call. But one worth considering very carefully.
If the 2022 mid-term elections are as energized as some experts predict, it could produce a Congress that might repeal or modify two 1980s laws.
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.
The decision to collect your Social Security now or later can be a tough one. There are a number of tradeoffs.
Should you treat Social Security like insurance or like an investment? Your answer may affect how much money you collect.
If federal retirees wait until age 70 to collect Social Security, their monthly benefits could see a big increase.
By working another two years, an employee earning $80,000 per year can boost their retirement income by almost $30,000.
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.
Those who spent decades in the military will see a modest COLA increase as coronavirus pandemic continues.
Military members and federal employee groups worry those impacted by the president's mandatory payroll tax deferral aren't getting the message about the extra dollars they're seeing in their paychecks -- and that they'll have to pay it all back next year.