Can a Lower Paid Employee Save Enough for Retirement? Here is One Example
FedSmith spoke to a man who makes less than most federal employees but follows a plan that should work for anyone wanting a secure retirement.
Stay informed with the latest federal employee retirement news, including updates on FERS and CSRS, retirement eligibility rules, OPM retirement processing, and TSP performance as it relates to long‑term retirement planning. This category covers annual COLA updates, TSP news, survivor benefits, military service credit, retirement application guidance, and major OPM policy changes or federal legislation that could affect federal retirement benefits. Find clear, timely information to help current and former federal employees navigate retirement planning, benefit calculations, and post‑retirement considerations.
FedSmith spoke to a man who makes less than most federal employees but follows a plan that should work for anyone wanting a secure retirement.
A federal employee on disability retirement has to follow the rules regarding “being restored to earning capacity.” This federal employee got a bill from OPM for over $18,000.
An employee who worked for the Navy for 22 years was apparently surprised when he applied for retirement and found he was not eligible.
TSP investors are not immune to scams from people who see a big pot of money and would like to have some of it.
Planning for retirement requires thinking through several phases of life you are likely to encounter after leaving government service.
Will the federal government be attractive as an employer to new college graduates? There are some bright spots and some good opportunities for Uncle Sam’s recruiters. Will the hiring process be able to meet the challenge or will it result in taking people that were turned down elsewhere?
When Congress passes legislation to stop the corruption, or at least stop the perception of corruption, will the pensions of a small number of federal employees be affected?
How well can you expect to live after your retirement from government service? Here are a couple of illustrations.
Do you have realistic plans for your retirement? Think about your lifestyle preferences and check out an area before pulling up stakes and moving. You may save yourself a lot of money and disappointment.
Everyone lives with an accumulation of choices we have made over time. Some readers will retire early; others will never be able to retire.