Tag: Retirement

The FERS Annuity Supplement: What Makes The Estimate Wrong

Filed in News by on February 4, 2010 Comments

The FERS annuity estimate is really simple to calculate. But the actual supplement you are paid can be significantly less than the estimate. How does this happen?

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Working After Retiring From Government: Plan in Advance for a Potential Tax Hit

Filed in News by on February 1, 2010 Comments

Many people contemplating retirement from the government but still in their fifties plan on working in the private sector. This can result in a substantial income but you might be surprised at what happens in your income tax return.

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Should a Survivor Annuity Be Part of Your Retirement Planning?

Filed in News by on January 25, 2010 Comments

Some financial planners believe that a survivor annuity is a good choice, while others may encourage you to forgo a survivor annuity and to purchase life insurance with the money you “saved” by not electing a survivor annuity. Here are several considerations.

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Rehiring Retired Federal Employees

Filed in News by on January 25, 2010 Comments

Federal agencies have the authority to hire retired federal employees without a reduction in their federal pension benefit. There are requirements that must be met by agencies and restrictions on the hiring authority.

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Hiring Retired Civilian Employees Under National Defense Authorization Act

Filed in News by on January 25, 2010 Comments

Memo from OPM notifying agencies they may begin using newly enacted legislation to begin hiring retired federal employees and outlining the requirements for using this authority.

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Another Side of Retirement: Caring for Aging Parents

Filed in News by on January 24, 2010 Comments

As we near or enter retirement, another aspect of retirement that may become part of your agenda is caring for aging parents.

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No COLA for 2011? A Technical Change Could Mean a Raise Next Year

Filed in News by on January 19, 2010 Comments

Social Security recipients and federal retirees may be facing a second year of no benefits increases because both systems use the same formula to determine any cost of living increase. How can this happen two years in a row?

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New (Significant) Financial Benefits From an Old Program (For CSRS and CSRS-Offset Employees Only)

Filed in News by on January 15, 2010 Comments

In the past, many CSRS employees have been excluded from contributing to a Roth due to their income level. Here is information about a program that provides a way for CSRS and CSRS-Offset employees to get large sums into a Roth IRA.

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