Tag: Retirement

What Should Your Surviving Spouse Do About Your Work-Related Benefits When You Die?

Filed in News by on March 28, 2016 Comments

If you are the spouse of a federal employee who has passed away, what do you need to do with regards to the benefits? And if you are a federal employee, what should you do to make sure your spouse is prepared if you die? This is a list of steps to take should this unfortunate event take place.

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Americans Still Lagging in Saving for Retirement

Filed in News by on March 24, 2016 Comments

According to a new survey, while Americans’ saving habits in preparing for retirement have improved somewhat in the last few years, many workers are still not saving for the future and have not developed a plan to do so.

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House Budget Committee Proposes Increasing Pension Contributions, Cutting G Fund Interest Rate

Filed in News by on March 23, 2016 Comments

The House Budget Committee released its budget proposal for 2017 last week, but details at the time were lacking about what it might mean for federal workers. However, a new report from the Committee gives federal employees a glimpse into what the House budget would mean for them.

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Top 5 Tips for Young Federal Employees

Filed in News by on March 22, 2016 Comments

The author lists five tips for federal employees who are at an earlier stage in their career to help them build wealth over the course of their careers to prosper in retirement.

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What Happens To Your Benefits If You Die After You Retire?

Filed in News by on March 17, 2016 Comments

No one lives forever, but you will leave survivors. Your federal employee benefits are valuable and can affect those that survive you. The author details what federal workers can expect to happen with regards to their benefits if they pass away after retiring from federal service.

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Recent Budget Proposal Omitted Cut to Federal Workers’ Compensation Benefits

Filed in News by on March 10, 2016 Comments

The big news for federal employees in the President’s recently released budget proposal was that it called for a 1.6% pay raise for the federal workforce, however, the author notes that there is a lesser known albeit important part of the budget that also affects federal workers.

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The True Cost of the G Fund

Filed in News by on March 8, 2016 Comments

The G Fund is one of the most popular funds among TSP participants, however, as the author notes, there is a lesser known risk associated with having too much of one’s retirement savings inside of the G Fund that many federal employees are likely to overlook.

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OPM Falling Further Behind on Retirement Applications Backlog

Filed in News by on March 5, 2016 Comments

The Office of Personnel Management saw yet another surge in the number of new retirement applications come in during February, pushing the outstanding backlog higher. OPM is aware of the problem and wants more funding to hire more people to fix it. Will this approach work?

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