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