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Entering retirement as a federal employee often brings surprises regarding the deductions from your monthly FERS annuity (pension). To ensure your retirement income meets your needs,...
Many federal employees find the prospect of a Thrift Savings Plan (TSP) loan appealing for various reasons, particularly given the current trend of rising interest rates....
A survey conducted by the Federal Retirement Thrift Investment Board (FRTIB) unveiled intriguing perspectives among participants in the Thrift Savings Plan (TSP) within the Federal Employees...
In its 2023 annual report, Social Security revealed that without governmental intervention, the program’s surplus will be depleted by 2035. While some interpreted this as Social...
Recent economic forecasts suggest a decline in inflation from 3.2% in 2023 to 2.4% in 2024, according to Forbes.com. While the Federal Reserve is lauded for...
As the new year unfolds, it’s prudent for federal employees to reevaluate their retirement plans in light of recent changes. From pay raises to tax adjustments,...
Considering dropping your FEGLI coverage upon retirement? It’s a decision often pondered among federal employees due to concerns over age-based premiums impacting their FERS annuity. Before...
Contemplating extending your working years beyond your Minimum Retirement Age (MRA)? Delving into the FERS 10% Bonus available at age 62 could offer valuable insights. Here’s...
As you hit the half-century mark, retirement planning starts to take center stage. Here are five pivotal milestones to guide your retirement journey: 1. Age 50:...
The TSP Life Annuity, provided by MetLife, presents an alternative for TSP account holders seeking a distinct approach to managing their distributions. However, before diving in,...
Retirement planning starts long before you’re ready to head off into the sunset and enjoy your golden years. In fact,...
Divorce can shake up your Thrift Savings Plan (TSP), the retirement savings vehicle for federal employees. If you’re splitting up,...
According to 2024 data from the Federal Retirement Thrift Investment Board, the typical 60-year-old federal employee’s Thrift Savings Plan (TSP)...
Voluntary Retirement – Immediate Unreduced Annuity Requirement: Eligible for the retiree annuity supplement if you’re under 62You can carry your...
Federal Employees Retirement System (FERS) employees may be eligible for Discontinued Service Retirement (DSR) under certain circumstances, primarily when they...
If you leave your government job before reaching retirement eligibility, you have two main options regarding your FERS contributions: Refund...
On February 11, President Trump signed an Executive Order directing federal agencies to implement the Department of Government Efficiency’s workforce...
A federal judge on Monday extended his injunction preventing the Trump administration from implementing its contentious “deferred resignations” program, just...
The Office of Personnel Management (OPM) has granted federal agencies the authority to offer voluntary early retirement (VERA) alongside the...
Throughout your federal career, your Thrift Savings Plan (TSP) balance is likely to grow into a significant asset. With its...