Starting in January, most retirees under the Civil Service Retirement System (CSRS), who also are enrolled in Medicare Part B, could see a 52% jump in their monthly Medicare premiums.
Is it worth moving from your job with the federal government to one with the private sector? While there are many variables to consider, the author looks at the financial considerations by way of an example with some hypothetical salary figures.
The author says there are a lot of myths and misconceptions regarding the federal retirement system and benefits for federal workers. He provides an example he recently saw firsthand when providing financial advice to a couple of long time federal employees.
Are the funds inside of your TSP account being put in jeopardy by financial advisors who aren’t looking out for your best interests? This matter was discussed at a Department of Labor hearing last week on a proposed rule change governing the conduct of financial advisors.