13 Things You Should Know About Taxes and Federal Retirement
Tax time is closer than you think. Here are 13 things you should know about taxes and your federal retirement.
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.
Is Phased Retirement The ‘New Coke™’ of Civil Service Reform?
The author says that phased retirement was a program designed to help federal employees ease into retirement while also helping agencies get their replacements up to speed. However, the program has largely been a bust so far in terms of its participation levels. He explains why he believes this to be the case.
New Survey Raises the Question, ‘Will Feds Be Permitted to Develop Financial Maturity?’
The author says that federal employees are frequently sheltered from financial and retirement information in their careers. He says federal workers need to be permitted to have self-reliance in their understanding of at least basic retirement concepts to avoid making mistakes that can harm their future financial goals.
Should the TSP Provide Investment Advice?
There are fresh hints that the Thrift Savings Plan is considering whether to offer investment advice to participants. But would investment advice within the TSP keep federal employees from rolling their accounts over to an IRA after they leave federal service, and who would pay the costs for the service?
Beyond the Numbers; Are You Ready to Retire?
Are you ready to retire? Many federal employees are now eligible for retirement, but still continue to work. The author goes over some important considerations federal workers should keep in mind as they ponder whether or not it is time to leave the workplace for good.
Five Myths about FERS Federal Disability Retirement
When your poor health begins to hinder your work performance, you need to prepare an exit strategy. For federal workers, applying for FERS federal disability retirement benefits may be a viable option. The author outlines five common myths federal employees should be aware of when seeking disability retirement benefits.
Calm Before the Storm? OPM Makes Gains on Retirement Backlog to Close Out 2015
The Office of Personnel Management was able to reduce the backlog of federal employees’ retirement claims to close out 2015. This is a good thing too since retirement applications usually surge in January. Here is a glimpse of what OPM’s retirement inventory might look like at this time next month.
Front-Loading Your TSP
Are you planning to retire in 2016? You may want to consider front-loading your TSP. The author explains the benefits of this strategy.
TSP Funds End Volatile Year With Meager Yearly Returns
Which TSP funds performed the best in 2015 and which ones lost money for the year? Here is a summary.
2016 Financial Resolutions
Does your personal financial plan need a tune up in the new year? The author offers some suggestions to consider as part of your new year’s financial resolutions as you plan for retirement and the long term needs of your family.
