Federal employees are often being asked to do more work without any more reward. A common lament is that the work keeps piling up as more employees leave, and it just isn’t worth it if retirement benefits are going to be re-structured, on top of it. The author offers some tips to see if retiring earlier is worth doing.
Winning the lottery just may be the key to a successful retirement, depending on how you define “lottery.”
When you learned to drive, you were taught to be on the lookout for others on the road including cars, bicyclists, small children and pets. What does driving have to do with your federal benefits? The same principles you learned as a new driver can help you navigate your federal career.
The author poses the question, with all the noise around shrinking government and making federal employees out to be the “bad” guys, what would the real effects of some of the current proposals be?
A properly implemented insurance plan can save you money, provide flexibility and give you control of that survivorship benefit.
The average FEHB premium will increase 7.2% this year. What can you do to create your own gravity and hold your health care costs down?
A split income strategy is built by diversifying your assets over time. This can be done with your TSP.
If Congress does not pass further legislation this year, everyone will see their tax bracket and effective tax rates increase due to the Bush tax cuts expiring.
You can choose to simply leave your funds in the TSP, but you can also use it to create income.
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?