Tag: Retirement

Take This Job and Shove It!

Filed in News by on February 20, 2008 0 Comments

What happens to your federal pension benefits if you leave federal service before becoming eligible to retire? Be sure to read this before acting on an impulse to quit your federal job.

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Protecting Your Retirement Income By Paying Lower Taxes

Filed in News by on February 13, 2008 0 Comments

Do people choose where to live based on how much they will pay in taxes? Apparently they do–and it isn’t just retirees that pay attention to tax rates. Here are lists of the most–and least–popular destination states for Americans on the move.

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Taxing Retirees: Some States Will Give You a Break (And Some Won’t)

Filed in News by on February 11, 2008 0 Comments

Where is the best state for a federal retiree to live? It’s a complex question with many considerations (such as family and friends) based solely on personal preferences. Some states will give you a tax break to encourage you to move there; others will get as much from your pocket as possible. Here is a list of some of the best (and worst) states for living after retirement.

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Taxes and Your Federal Employee Retirement

Filed in News by on February 6, 2008 0 Comments

Your contributions to the federal retirement fund are not taxable when the government send this money back to you in the form of an annuity. But you only receive a portion of it back each year. You do not recoup all of your contributions until you have reached your life expectancy.

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Which is Better: A 10% Reduction In Your Annuity or No COLA for 12 Years?

Filed in News by on January 30, 2008 0 Comments

A casual observer might think that CSRS employees who retire on an early out and receive a 2% per year reduction for being under age 55 are worse off than are similarly situated FERS early retirees. In most cases that casual observer would be wrong. Here is why.

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Future Retirees: Do You Know Your MRA?

Filed in News by on January 22, 2008 0 Comments

If you are a federal employee and do not know your MRA (Minimum Retirement Age), you are probably in the CSRS system. There is a financial penalty for FERS retirees who leave government under the MRA +10 provision. Look before you leap!

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Big Jump in COLA Calculation for Federal Retirees

Filed in News by on January 2, 2008 0 Comments

Tens of thousands of federal employees are heading into retirement. They will get a COLA each year. Will it really keep up with inflation? Will you have enough money to last until you die? Unpleasant questions and here are some thoughts before you file your retirement forms.

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An Introduction to Long Term Care Insurance

Filed in News by on December 20, 2007 0 Comments

Retirement on your mind? Consider long term care insurance. What you are really buying is protection for your assets.

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