The author discusses a strategy for maximizing Social Security benefits known as “file and suspend.” In addition to detailing who can use this strategy, he outlines some examples of how it might work.
Would you like to get a 32% higher Social Security benefit? How about being able to collect ½ of your spouse’s Social Security benefit while you are still working; with no earnings test? The author explains a technique called “restricting your benefits” that can work for many FERS or CSRS employees to boost Social Security benefits.
Upon receiving the leave and earnings statement for the first full pay-period of 2014, many employees will notice that their premiums for Federal Employees Group Life Insurance (FEGLI) have increased. The author offers some details on what you can expect.
The concept of a “best” day to retire is more often than not related to financial considerations, specifically maximizing your lump-sum annual leave payment. The author offers some details on how to best make this decision.
New Year’s resolutions mainly have to do with items such as health and relationships. Sometimes they also impact our careers.
Can you become eligible to retire whenever your age and length of service add up to 85? The authors offer some details on this common retirement myth.
More 2014 numbers have been announced, this time by the IRS and the TSP.
The cost-of-living adjustment for Social Security recipients, CSRS retirees and FERS retirees (other than special category employees) age 62 or older will be 1.5%. The author goes over some detailed numbers to illustrate what this will mean.
Will your pension and TSP withdrawals count towards the Social Security earnings test?
Is Congress about to pass a law that will offer generous VERA (early-out) and VSIP (buy-out) terms? The authors offer some insight on this common retirement myth.
