Tag: Retirement

What is the Best Way to Measure Inflation?

Filed in News by on November 20, 2015 Comments

The Social Security Administration states that the goal of a cost-of-living adjustment is to ensure that the purchasing power of seniors is not eroded by inflation, but with no COLA planned for 2016, does that mean that seniors do not have to worry about inflation? As the author notes, it depends on how inflation is measured.

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Tax Favored ABLE Accounts For Special Needs Children

Filed in News by on November 18, 2015 Comments

Congress recently introduced a new type of account for young, disabled individuals; the Achieving a Better Life Experience account, or ABLE account for short. The author describes how these accounts work for saving money for an individual with special needs.

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What Does a Fed Focused Financial Advisor Look Like, and Where Can I Get One of My Own?

Filed in News by on November 17, 2015 Comments

In the fourth article in his series on federal retirement, FedSmith.com author Randy Silvey addresses a frequent question he has received from FedSmith.com users: “What are the attributes of a fed focused financial advisor, and where can I find one?”

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The FEHB Five Year Requirement and Your Spouse

Filed in News by on November 15, 2015 Comments

In this follow up to his article on the FEHB and the five year requirement, FedSmith.com author John Grobe provides clarification based on questions he received from readers asking if the five year requirement also applies to a federal employee’s spouse.

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OPM Processes Over 10k Retirement Applications in October

Filed in News by on November 5, 2015 Comments

The Office of Personnel Management processed over 10,000 retirement applications in October, however, there are still over 12,000 backlogged applications.

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Bipartisan Budget Act of 2015 Signed Into Law

Filed in News by on November 2, 2015 Comments

President Obama signed the Bipartisan Budget Act of 2015 into law on Monday. Among its provisions, the two-year budget deal sets 2016 Medicare Part B premium rates.

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Who Wins and Who Loses From The Proposed Legislation For Medicare Part B Premiums?

Filed in News by on November 1, 2015 Comments

Following an outcry by many groups, new legislation would reduce the premium increase facing Medicare Part B participants in 2016. However, some will benefit and some will not. The author explains who comes out on top and who doesn’t under the new law.

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Budget Deal Includes Protections for Medicare Part B Recipients

Filed in News by on October 28, 2015 Comments

Federal retirees who are also enrolled in Medicare part B will be glad to know that the budget deal put forth in the House includes language to protect them from a sharp increase in premiums.

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