Tag: Retirement

Leaving Money in the Pot: What Happens to Your TSP Contributions When You Die?

Filed in News by on February 27, 2010 Comments

Many readers have asked retirement author John Grobe about what happens to your TSP contributions if you die with “money in the pot.” Here are some answers.

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How One Former Federal Employee Enjoys Retirement

Filed in News by on February 23, 2010 Comments

What will you do when you retire? Many people travel to places they have always wanted to visit. Author Steve Oppermann is one of these retirees. He travels around the world, when not conducting human resources seminars for federal agencies.

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No Money in the Social Security Trust Fund

Filed in News by on February 22, 2010 Comments

There would be no Social Security funding problem for at least the next 25 years, if the government had not raided the trust fund. If the trust fund held the $2.5 trillion of surplus Social Security revenue, in the form of real marketable bonds, as it should, it could continue to pay full Social Security benefits until at least 2037.

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Calculating Your “High-Three” Average Salary

Filed in News by on February 16, 2010 Comments

Everybody knows what the high-three is for your future retirement – right? But who knows how to calculate the high-three?

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Will Government Repay Its Debt to Social Security?

Filed in News by on February 16, 2010 Comments

Some people just assume that, since the Social Security surplus was “borrowed” or “stolen,” during the period when it was not needed to pay Social Security benefits, the government will automatically repay the looted money when it is needed. It is not at all certain that this will happen.

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Social Security: The Hidden Problem

Filed in News by on February 12, 2010 Comments

There is much debate today about how solvent Social Security is, but most of the debate is over when the trust fund will run out of money, not about whether or not the trust fund actually holds real assets.

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Winning the Lottery is Not a Retirement Plan

Filed in News by on February 10, 2010 Comments

For federal employees in the FERS system, the Thrift Savings Plan is intended to provide 1/3 of your retirement income. So, how do you go about creating a plan for your TSP that won’t leave you scratching lottery tickets as a last resort?

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What Will Happen to Social Security?

Filed in News by on February 8, 2010 Comments

How to fix Social Security is a topic that has been around ever since a demographer realized that the number of workers supporting an individual Social Security recipient was gradually dropping. The options are to cut benefits or raise more revenue.

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