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, 2023 COLA update and more.
Many federal employees use a financial advisor when planning for retirement. That can be a good idea and may help you have a more secure retirement in your future. But be wary in selecting an advisor. Here are some tips on what to look out for.
How much will the retirement check for federal retirees kick up in 2008? Here is a mid-term report on next year’s COLA.
How much income will you need during retirement? A lot depends on your preferences, your lifestyle and financial decisions you have made prior to retiring.
How much income will you receive after you retire? How much can you withdraw from your retirement accounts so that you will not outlive your retirement savings?
Perhaps you will not need as much in retirement as you think. Here a few ways you will save money in retirement that you may not have considered–from a retired federal employees.
Happier, more optimistic people tend to be healthier and live longer. Do what makes you happy. And don’t postpone things (like dream trips) indefinitely, on the assumption that you can always take them later.
Federal retirees receive an annual cost of living increase indexed to inflation, but the inflation index may not reflect your true cost of living.
There are several basic rules everyone should follow to ensure you can retire the way you want to retire and not the way you will be forced to retire because you don’t have the money.
A recent survey shows there are six paths to retirement. Some readers have the option to choose among several paths. Others will have the decision thrust upon them because of bad luck or as the result of decisions made during their federal career.
If you are contemplating retirement, surely you have a very clear idea of why you are doing so. Or do you? Based on my own experience and in talking to some of my friends and colleagues, I think there are a fair number of people who retire without having carefully thought through their reasons for doing so.
