Desire to Increase Retirement Contributions Still Around
House Majority Leader Eric Cantor (R-VA) issued a statement today which reiterated a desire to see federal employees pay more towards their retirement.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
House Majority Leader Eric Cantor (R-VA) issued a statement today which reiterated a desire to see federal employees pay more towards their retirement.
The federal retirement program has a large “unfunded liability.” Will this impact your future retirement?
Imagine you’re retired and living on a fixed income of $5,200/month. But suddenly your income dropped to $3,000/month. What changes would you have to make? Would you be able to stay retired? Who is faced with this situation?
The high-3 average pay is a basic component of an employee’s retirement contribution that federal employees often find confusing. The author offers some detailed explanation to take the mystery out of it.
New federal employees hired after January 1, 2013 must pay more for their retirement benefits than existing employees. Exactly how much more will they pay? The author provides some example figures.
The average worker in America has 6.2% in Social Security taxes withheld from each of his or her paychecks. Could investing this money on your own offer better returns in retirement?
The author says that utilizing the TSP effectively is key to a comfortable retirement and outlines some important contribution strategies to consider in your retirement planning.
What can go wrong with your retirement application under FERS? A retired federal employee shares a frank, personal perspective of her experience, her frustration and offers advice on how to realistically prepare for retirement under FERS in the hope it will help other federal workers be better prepared for the experience.
Exactly how is your retirement income taxed for federal income tax purposes? The author breaks it down piece by piece.
The author offers some questions to consider before taking the plunge into retirement.