How to fix Social Security is a topic that has been around ever since a demographer realized that the number of workers supporting an individual Social Security recipient was gradually dropping. The options are to cut benefits or raise more revenue.
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.
Should you elect a survivor benefit for your spouse? You must pay for survivor benefits out of your annuity. Here are the costs and some of the considerations when you make this decision.
People often ask, “What’s the best day to retire?” There is only one answer that will fit everyone and every situation. That answer is “It depends.” In fact, the best day to retire depends on many factors; factors that can lead different people to reach different conclusions. Here are factors you should consider.
We are in that time of year when Congress, the White House and others announce numbers for the next year. The number in which current employees are most interested was just announced – the “comparability increase” (aka your raise) will be about 2%. Here is how this raise compares with other numbers that impact you and your family.
What should you know about your financial planner and what questions should you ask? Here is a good starting point.
Sometimes no change can be good. On October 15th the Internal Revenue Service announced the elective deferral limit for defined contribution plans such as the Thrift Savings Plan
The Special Retirement Supplement (SRS) is a payment that is made by OPM and is designed to approximate the amount of an age 62 Social Security benefit that is due to civilian service under the FERS retirement system. Most FERS retirees begin receiving the SRS at their Minimum Retirement Age.
There is a real possibility that the contribution limits to your Thrift Savings Plan could go down for 2010. Here is why this is the case.
Federal agencies are searching for the candidate that most closely matches the requirements for the jobs that they are seeking to fill. A generic resume will not be as successful as one that is written specifically for a job announcement.