“Public Sector Workers Saving Less”
Public sector employees are saving less for retirement than those in the private sector. Here are some probable reasons for the disparity.
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.
Public sector employees are saving less for retirement than those in the private sector. Here are some probable reasons for the disparity.
Who will receive your federal pension payments after your death? While an ideal relationship may be a couple getting married and living together for many years, reality can be different. With complex relationships, determining the disposition of a federal pension payment may provide employment for a number of people. Here is one of these cases.
Many contemplating retirement wonder if they should purchase a survivor annuity or purchase life insurance. Here are several considerations you should contemplate when making this decision.
The Social Security earning ceiling is going up by $4,800 over this years limit. If you make more than the ceiling, you will get a raise of 6.2%.
Estate planning is something that most of us intend to do but few of us get around to actually doing it. Perhaps this will give you an incentive to get around to it.
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.