How is Your Federal Retirement Income Taxed?
How much money will you have to spend in retirement? In part, it depends on how much you will pay in taxes. Here is how the system works for federal retirees.
Federal Employee 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.
As the Economy Crumbles: One Federal Retiree’s Feeble Attempts to Cope
How are you coping in the current economic climate? Many federal retirees are having to “economize” in some form or other in order to maintain our standard of living. Here is the experience of one federal employee who took his money out of the Thrift Savings Plan and invested on his own.
Tobacco and the Thrift Savings Plan: What Is the Link Between Them?
What is the link between the “Family Smoking Prevention and Tobacco Control Act”, and the Thrift Savings Plan? They are part of the same legislative package in the House of Representatives.
A Bill to Save Money for Federal Retirees
Active federal employees save about $820 a year because they are able to pay for health insurance out of pre-tax money. A bill introduced in the House would give the same benefit to federal civilian retirees as well as active duty military personnel and retirees.
The `Federal and Military Retiree Health Care Equity Act’
HR 1203 would federal civilian annuitants as well as active duty military personnel and retirees to pay their health insurance premiums with pre-tax compensation (also known as “premium conversion”).
Have You Taken Your Minimum Required Distribution?
If you have not already taken a minimum required distribution (MRD) from your Thrift Savings Plan (TSP) or your Individual Retirement Account (IRA) for 2008, you must take it by April 1, 2009.
Politics, Stocks and Your Thrift Savings Plan
When it comes to investing our money, most people put short-term political views aside. When spending their money, they focus on the future of business and the prospects for future growth. If they are confident, stock prices go up. If they are pessimistic, stock prices go down. TSP stock funds dropped dramatically again in February with one fund, the G fund, the only TSP fund with a positive return for the month and for the year.
Federal Retirees and That 2010 COLA Increase
How much of a cost of living adjustment will federal retirees see in 2010? Perhaps there will not be one. That has not happened before but we are in unusual economic times.
$250 Tax Credit or Payment for Federal Retirees
Now that the economic stimulus package has been passed into law, the bill has actually been printed and organizations and going through it to find out what this new law contains. Federal retirees will be eligible for an additional $250.
What is the Special Retirement Supplement (And Does it Apply to You)?
Some people under the FERS system may qualify for the Special Retirement Supplement. It only applies to employees who meet certain qualifications. Author John Grobe explains what it is and how it works–and offers advice that will be useful to any federal employee on planning for retirement.
