TSP investors are continuing to move money from stock funds and into the G fund although the number of transfers has declined substantially. What is the risk of not putting some of your investment money back into stock funds? Should you wait until the bear market is over before moving money around?
No one lives forever but you will leave survivors. Your federal employee benefits are valuable. What happens to these benefits when you die as a retired federal employee? In some cases, it depends on actions you take to protect those you are leaving behind.
Federal retirement expert John Grobe recently wrote an article read by tens of thousands of readers entitled “What Happens to Your Federal Employee Benefits if You Die While Still Working?” Some readers had questions or wanted more information. Here are answers to some of the more frequent questions. Please read this in conjunction with the previous article on this subject.
Benjamin Franklin said: “Plan like you’ll live forever; pray like you’ll die tomorrow.” We tend to focus on the first part but this article will be helpful to federal employees who might want to know what will happen to your federal benefits should you die will still employed.
Open season will soon be upon us. Retirement expert John Grobe says that this is a good time to look at the “five-year requirement” for federal employee health insurance and life insurance and how this requirement may impact your retirement.
How much of an increase will federal retirees receive next year? At 5.8%, it will be the highest increase in about 25 years. Here is a summary of which groups will get the full increase and who will not receive the full benefit of next year’s COLA.
Some readers say they are contemplating leaving federal service before they retire. It could be for a better job, boredom, the boss from Hell or a myriad of other reasons. What happens to your benefits when you leave?