Tag: Retirement

State Fiscal Problems Threaten Higher Taxes On Federal Pensions

Filed in News by on April 17, 2016 Comments

Federal retirees depend on their federal civil service annuity for much of their retirement income, but states facing financial problems may be looking to public sector pensions as a source of new revenue.

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What’s the Real Value of a TSP and FERS Annuity?

Filed in News by on April 13, 2016 Comments

The majority of federal employees will not retire with a million dollars or more in their Thrift Savings Plan. However, the author notes that the potential exists for federal workers to generate retirement income equivalent to that of having a TSP portfolio of over $1 million using other benefits available to them.

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The Biggest Federal Employee Retirement Mistake

Filed in News by on April 6, 2016 Comments

The author describes what he believes to be the single biggest mistake he sees federal employees make when it comes to planning for retirement. But the good news is that with a little planning, it can be corrected.

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OPM Gets Some Reprieve from Influx of New Retirement Applications

Filed in News by on April 5, 2016 Comments

After a massive influx of new retirement applications in January and February, OPM finally got a break in March and was able to make some headway on reducing the retirement claims backlog.

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Will There be a Super Saver TSP Program in Your Future?

Filed in News by on April 3, 2016 Comments

The author describes a retirement savings benefit outlined in the tax code that can dramatically boost one’s ability to save for retirement. What is the likelihood of this benefit also being made available to federal employees who invest in the Thrift Savings Plan?

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What Are Your Retirement Dreams?

Filed in News by on March 31, 2016 Comments

Actuaries tell us that a 55 year old can expect to live another 30 years. How will you spend those days after you leave the workforce? The author provides some suggestions on how to find your retirement dreams and make them a reality.

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IRS Reminds Retirees of April 1 Deadline to Begin Required Retirement Plan Distributions

Filed in News by on March 29, 2016 Comments

The Internal Revenue Service said in a statement Monday that taxpayers who turned 70½ during 2015 must start receiving required minimum distributions (RMDs) in most cases from Individual Retirement Accounts (IRAs) and workplace retirement plans by Friday, April 1, 2016.

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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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