Tag: Retirement

Federal Annuity Calculators Available on the Internet

Filed in News by on May 19, 2010 Comments

How much income will you have when you retire? Here are several tools that will help as you plan your future retirement.

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Planning For Retirement

Filed in News by on May 19, 2010 Comments

How do you plan for retirement? “I quickly discovered several rules of thumb. One prominent one is that you need 70% of your income but I also found that I might need 110%. Also, I shouldn’t withdraw more than 4% from my investments. These kinds of guides left me with more questions than answers.”

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What Goes into Your “High-Three” Salary Calculation?

Filed in News by on May 10, 2010 Comments

Your retirement annuity, whether you are CSRS or FERS, is determined by your length of service and your high-three salary. Your annuity is calculated by multiplying your high-three salary by a percentage factor that is derived from your length of service.

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What are “Deemed” Salaries, in the FERS Annuity Supplement?

Filed in News by on April 22, 2010 Comments

In calculating a FERS annuity supplement, you will find some years in which a retiree was not in pay status for the entire year. When this happens, the retiree’s salary for the entire year must, by law, be “deemed,” or legally fabricated. How is this done? Here is an explanation.

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Medicare and Federal Employee Health Insurance

Filed in News by on April 12, 2010 Comments

Discussion of “risk pools” and “call letters” from the Office of Personnel Management (OPM) doesn’t sound very exciting. And, in most years, the issuing of an OPM call letter doesn’t generate much press publicity in the federal community. This year may be different though.

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Women and Money

Filed in News by on April 9, 2010 Comments

A lot of married women leave financial matters to their husbands to handle. Some single women leave their retirement up to fate. If you don’t know how to manage money now, that doesn’t mean you can’t learn. Here are some mistakes to avoid.

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How Is Your Annuity Calculated?

Filed in News by on April 4, 2010 Comments

Your annuity is what is known as a “defined benefit” annuity. This means it is based, essentially, on just two numbers: length of creditable service, and high-three average salary. Here is how that is calculated.

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Should You Convert to a Roth IRA?

Filed in News by on April 1, 2010 Comments

In 2010, there is no income limitation that affects your ability to convert a Traditional IRA to a Roth IRA. This doesn’t mean that you should rush right out and do a conversion. Here are some important factors to consider in order to determine whether a conversion makes sense for you.

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