Tag: Retirement

Retirement Claims Backlog Grows Again in February

Filed in News by on March 6, 2015 Comments

OPM saw its outstanding backlog of retirement applications grow for a second straight month in February.

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Phased Retirement: Just the Facts

Filed in News by on February 23, 2015 Comments

There has been a lot of talk about phased retirement, particularly its pros and cons. This article is not debating the merits of phased retirement; it’s “just the facts” in a handy bulleted list.

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Turn Your Taxable Portfolio Into A Tax-Free Retirement Account

Filed in News by on February 16, 2015 Comments

Long-time federal workers under CSRS have a unique opportunity for tax-free retirement income. The author describes how CSRS federal employees can contribute to the little-known Voluntary Contribution Program to overcome some of the major contribution limitations with IRAs.

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FedSmith.com Users Showing More Positivity Towards OPM’s Retirement Processing

Filed in News by on February 10, 2015 Comments

FedSmith.com users who have recently retired from federal service indicated some overall improvement in their dealings with the Office of Personnel Management and getting their retirement applications processed.

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OPM’s Retirement Backlog Surges in January

Filed in News by on February 5, 2015 Comments

OPM saw a massive spike in the number of outstanding retirement claims as evidenced by its latest retirement processing status report.

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3 Quirks About the TSP in Retirement

Filed in News by on February 4, 2015 Comments

The TSP has quirks when it comes to using your money in retirement. These quirks can catch most federal employees by surprise. If you plan to keep your money in the TSP after you retire, you need to understand how it works so you aren’t caught off guard.

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Constructing a Retirement Income Plan

Filed in News by on January 20, 2015 Comments

There are many factors to consider when constructing a strategy for retirement. Through the use of detailed examples, the author outlines some of the most crucial sources of income federal employees are most likely to have in retirement which they need to take into account when devising their own retirement income plans.

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Taxes Federal Employees Will Face in Retirement

Filed in News by on January 13, 2015 Comments

When a federal employee has retired, income taxes do not go away, they just change somewhat. Federal pensions, Social Security and distributions from the Thrift Savings Plan are all taxable to some extent. These are some taxes you can expect to incur in 2015 as a retired federal employee.

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