Up, Up and Away: 6.2% Possible for 2022 COLA
Inflation is up again in July. There is another higher projection for the 2022 COLA figure to be announced in October.
News on retirement for federal employees: FERS, CSRS, TSP, COLAs and more.
Inflation is up again in July. There is another higher projection for the 2022 COLA figure to be announced in October.
How your TSP produces income during retirement largely depends on the tax status of your TSP account.
The retirement backlog at OPM climbed again in July and did so rather sharply over the previous month.
Can you retire? As the author illustrates, you need to have a solid plan in place in order to have a successful retirement.
Social Security recipients are likely to get a big COLA in 2022, but the author notes that this is a major financial burden for the program.
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
The author describes a common mistake that he sees federal employees make that can leave their retirement savings in the TSP exposed to too much risk.
The author says that Social Security is losing billions of dollars that will one day hit retirees directly in the wallet.
How should you invest your TSP savings in retirement? This is one strategy that can be a good option.
How is the 2022 COLA calculated for different groupings of federal retirees?