A Resolution to Keep: Getting Your Financial House in Order
It is important to periodically review your financial plans to ensure you remain on track for a solid retirement. These are some areas on which to focus.
Retirement
Stay informed with the latest federal employee retirement news, including updates on FERS and CSRS, retirement eligibility rules, OPM retirement processing, and TSP performance as it relates to long‑term retirement planning. This category covers annual COLA updates, TSP news, survivor benefits, military service credit, retirement application guidance, and major OPM policy changes or federal legislation that could affect federal retirement benefits. Find clear, timely information to help current and former federal employees navigate retirement planning, benefit calculations, and post‑retirement considerations.
GAO: Roughly Half of Older Americans Have No Retirement Savings
An updated GAO report shows that almost half of households 55 and up have no retirement savings.
When Do I Begin Receiving the FERS Annuity Supplement?
I just received my first interim FERS payment. When can I expect to begin receiving the supplement?
Is it Time to Change Federal Retirement Benefits?
Proposals to cut retirement benefits appear periodically. The author discusses some recent ones and what they might mean for federal employees.
Will Social Security be Gone by the Time I Retire?
A question younger Americans often ask is, “Will Social Security be there when I retire?” The author explores this scenario and what threats the program faces.
Details Revealed on Proposed Benefits Cuts
More details have been revealed about the suggested cuts to federal employees’ benefits along with the rationale for the proposals.
Your Thrift Spending Plan: Retirement Income Strategies
When you reach retirement, you need to plan for how much you can withdraw and spend from your nest egg. The author discusses two strategies.
Trying Again to Change Social Security’s COLA Formula
Another attempt is being made in Congress to change the COLA formula for Social Security to pay higher benefits.
Retirement Backlog Holds at Just Over 23k
February saw its typical surge in new retirement applications, but OPM was able to manage the workload which kept the overall backlog in check.
Don’t Hold Your Breath
The author says that while a couple of bills that would boost federal retirement benefits are welcome news, they are unlikely to become law.
