Tag: Retirement

Constructing a Retirement Income Plan

Filed in News by on January 20, 2015 Comments

There are many factors to consider when constructing a strategy for retirement. Through the use of detailed examples, the author outlines some of the most crucial sources of income federal employees are most likely to have in retirement which they need to take into account when devising their own retirement income plans.

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Taxes Federal Employees Will Face in Retirement

Filed in News by on January 13, 2015 Comments

When a federal employee has retired, income taxes do not go away, they just change somewhat. Federal pensions, Social Security and distributions from the Thrift Savings Plan are all taxable to some extent. These are some taxes you can expect to incur in 2015 as a retired federal employee.

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OPM Reduces Retirement Backlog to Close Out 2014

Filed in News by on January 6, 2015 Comments

The Office of Personnel Management has released its latest monthly retirement processing status report. The figures show that OPM was able to reduce the outstanding backlog by 17%.

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Maximizing Retirement Benefits and Perks for Federal Employees

Filed in News by on January 6, 2015 Comments

Whether you are planning to retire soon or well into the future, you need to understand the retirement system and its benefits. The author provides an overview of the general eligibility requirements under FERS and also lists discounts available to federal employees and retirees.

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The Best of 2014

Filed in News by on December 29, 2014 Comments

What were the most popular articles on FedSmith.com in 2014? From the 2015 COLA to a 1% pay raise next year, here are the articles you read the most.

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The Best Day to Retire in 2015

Filed in News by on December 17, 2014 Comments

The author says that while you can retire on any date that you choose, there may be some advantages to retiring at certain times of the month or year. She shares her opinions as to which dates she believes may be best dates for federal employees to consider retiring.

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The CSRS Voluntary Contribution Program

Filed in News by on December 15, 2014 Comments

The CSRS Voluntary Contribution Program has been available to CSRS or CSRS Offset federal employees for many years. It can be a very useful option to significantly increase retirement savings. The author explains some of the details of this program.

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IRAs Celebrate 40th Birthday

Filed in News by on December 15, 2014 Comments

January 1, 2015 marks the 40th anniversary of Individual Retirement Accounts (IRAs) in the United States. The author provides some of the history and benefits of the IRA.

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