January is always a popular time for federal employees to retire, and last month was no exception. The Office of Personnel Management saw its backlog of retirement claims jump 73% thanks to an influx of new applications.
Tax time is closer than you think. Here are 13 things you should know about taxes and your federal retirement.
The author says that federal employees are frequently sheltered from financial and retirement information in their careers. He says federal workers need to be permitted to have self-reliance in their understanding of at least basic retirement concepts to avoid making mistakes that can harm their future financial goals.
When your poor health begins to hinder your work performance, you need to prepare an exit strategy. For federal workers, applying for FERS federal disability retirement benefits may be a viable option. The author outlines five common myths federal employees should be aware of when seeking disability retirement benefits.
The Roth TSP and the Roth IRA share many similarities, however, they are not the same thing. The author describes some of the similarities and differences federal employees should be aware of as they look at how each one fits into their retirement savings plans.
The Office of Personnel Management was able to reduce the backlog of federal employees’ retirement claims to close out 2015. This is a good thing too since retirement applications usually surge in January. Here is a glimpse of what OPM’s retirement inventory might look like at this time next month.