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Don’t let poor planning and a lack of self-discipline wreck your retirement. Planning, saving and insurance comprise the three basic pillars of a well-balanced financial plan, which are wealth, cash and risk management.
As you get closer to the time when federal employees start thinking about retirement, there can often be apprehension about whether or not you are ready. This article will attempt to give you a clear understanding of the financial impacts of your decisions, so you can be informed and comfortable with what you decide.
The author says that economic stimulation in the United States cannot last forever and eventually we will have to go through some suffering to make things right. She says federal employees may see more changes coming to their retirement benefits and should have a realistic plan before making the decision to leave government service.
According to recent data from the Employee Benefit Research Institute (EBRI), men and women do not differ significantly in their retirement preparations.
The federal retirement plan is one of the biggest benefits of being a federal employee. Changes are coming that will impact many readers and most of the changes are not going to improve the program.