Retirement

2018 Budget Proposes Eliminating COLAs, Increasing Retirement Contributions

By on May 23, 2017 in Pay & Benefits, Retirement with 0 Comments

The 2018 budget proposal from the White House includes various cuts to federal employee retirement programs. Here is a summary of the proposed changes.

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Can I Withdraw From My TSP to Purchase an Annuity?

By on May 22, 2017 in Q&A, Retirement with 0 Comments
Can I Withdraw From My TSP to Purchase an Annuity?

Can I take a certain percentage out of my traditional TSP (all G fund) for two years, and then purchase an annuity?

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Becoming a TSP Millionaire: One Federal Employee’s Story

By on May 21, 2017 in Retirement with 0 Comments
Becoming a TSP Millionaire: One Federal Employee’s Story

A federal employee with the Fish and Wildlife Service tells his story of how he became a millionaire by investing in the TSP throughout his federal career.

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States That Tax Your Federal Government Pension the Most

on May 17, 2017 in Retirement with 0 Comments
When evaluating retirement destinations, avoiding the states that do tax federal government pensions could save a federal retiree thousands of dollars in state taxes every year throughout retirement. These are some of the worst offenders.

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Nervous Feds Nearing Retirement Continue to Ask, ‘Am I Invested Correctly?’

By on May 17, 2017 in Q&A, Retirement with 0 Comments
Nervous Feds Nearing Retirement Continue to Ask, ‘Am I Invested Correctly?’

I am under FERS and plan to remain in federal service until I get an additional 10% annuity, but am wondering if my TSP funds are invested correctly.

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What Are The Differences Between the Roth TSP and a Roth IRA?

By on May 16, 2017 in Pay & Benefits, Retirement with 0 Comments
What Are The Differences Between the Roth TSP and a Roth IRA?

Can federal employees invest in both the Roth TSP and a Roth IRA? The author explains the similarities and differences between these two retirement savings account types.

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Is Social Security a Safety-Net or a Stipend For Wealthy Seniors?

By on May 16, 2017 in Retirement with 0 Comments
Is Social Security a Safety-Net or a Stipend For Wealthy Seniors?

Most people consider Social Security a safety net, but new research suggests that benefits fall disproportionately to the wealthy in retirement. The author provides an analysis.

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Watch Out for this Medicare Part B Trap

By on May 9, 2017 in Retirement with 0 Comments
Watch Out for this Medicare Part B Trap

If your income is high enough, your Medicare Part B premiums could potentially triple. The author explains what to watch for.

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OPM Makes Modest Improvement in Retirement Backlog in April

By on May 6, 2017 in Retirement with 0 Comments
OPM Makes Modest Improvement in Retirement Backlog in April

The Office of Personnel Management was able to reduce its backlog of outstanding retirement applications by almost 8% in April.

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How High Are Property Taxes in Your State?

By on April 30, 2017 in Retirement with 0 Comments
How High Are Property Taxes in Your State?

Some recent data from the Tax Foundation provide a look at the level of property taxes homeowners face in each state.

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