Why Retiring Now Won’t Help You Cash In on the 2023 COLA
Federal employees planning to retire at the end of 2022 to take advantage of the large 2023 COLA are likely to be disappointed.
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.
Federal employees planning to retire at the end of 2022 to take advantage of the large 2023 COLA are likely to be disappointed.
Do IRA beneficiaries have a short time window to withdraw from their inheritance?
Tax planning strategies both before and after retirement are crucial to minimize the amount of taxes paid over the course of a lifetime.
Federal employees can lose FEHB coverage in retirement unless they meet certain criteria.
Do all federal employees need a financial advisor, or would some be ok to invest on their own?
2022 inflation and a policy shift on a drug used in clinical trials lowered 2023 Medicare Part B premiums and increased the IRMAA brackets.
Many people don’t realize that RMDs can be delayed. Is this a good idea?
The IRS has announced the 2023 annual contribution limits for the TSP and IRAs.
Inflation has been rising fast, and the 2023 COLA was just announced. Even with a projected 2023 pay raise of 4.6%, purchasing power is declining fast.
These are five potentially costly mistakes federal employees need to avoid when it comes to their TSP accounts.