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.
Do people choose where to live based on how much they will pay in taxes? Apparently they do–and it isn’t just retirees that pay attention to tax rates. Here are lists of the most–and least–popular destination states for Americans on the move.
Where is the best state for a federal retiree to live? It’s a complex question with many considerations (such as family and friends) based solely on personal preferences. Some states will give you a tax break to encourage you to move there; others will get as much from your pocket as possible. Here is a list of some of the best (and worst) states for living after retirement.
Your TSP stock funds have dropped dramatically in the past several months. Here are several points to keep in mind as you watch your retirement fund shrink.
Your contributions to the federal retirement fund are not taxable when the government send this money back to you in the form of an annuity. But you only receive a portion of it back each year. You do not recoup all of your contributions until you have reached your life expectancy.
A casual observer might think that CSRS employees who retire on an early out and receive a 2% per year reduction for being under age 55 are worse off than are similarly situated FERS early retirees. In most cases that casual observer would be wrong. Here is why.
If you are a federal employee and do not know your MRA (Minimum Retirement Age), you are probably in the CSRS system. There is a financial penalty for FERS retirees who leave government under the MRA +10 provision. Look before you leap!
If you have an opportunity for an early out or a buyout, are you focused exclusively on not liking your current job? Here are questions you need to ask yourself before making a decision.
Tens of thousands of federal employees are heading into retirement. They will get a COLA each year. Will it really keep up with inflation? Will you have enough money to last until you die? Unpleasant questions and here are some thoughts before you file your retirement forms.
Retirement on your mind? Consider long term care insurance. What you are really buying is protection for your assets.
Many federal employees are apparently thinking of retirement. If you are thinking of retiring in 2008, what is the most advantageous retirement date? Here are suggestions that may be of interest as you mull over the question.
