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.
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.
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?
The Certified Financial Planner Board of Standards has published the Consumer Guide to Financial Self Defense. It lists some “red flags” that investors should be aware of when working with a financial advisor. The author explains what this means for federal employees.
The recent volatility in the stock market has many federal employees worried about their Thrift Savings Plan investments and future retirement. The author says that some federal employees may unintentionally be paralyzing their own retirement plans through “analysis paralysis.” He explains what this means and how to avoid it.
Federal retirement expert John Grobe recently wrote an article describing what federal employees can expect to happen to their federal benefits should they pass away while still working. Many of our users had more questions on the subject, so he has written this follow up article providing answers to some of the questions he received.