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.
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.
Examining the TSP as an Income Stream
How your TSP produces income during retirement largely depends on the tax status of your TSP account.
OPM Retirement Backlog Tops 27k in July
The OPM retirement backlog climbed again in July 2022 and did so rather sharply over the previous month.
Leaping Before Looking: A Federal Employee’s Biggest Retirement Mistake
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 COLA Projected to Be the Highest In Decades
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.
This Retirement Mistake Could Cut Your Pension by 15%
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
Don’t Make This Big TSP Retirement Mistake
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.
Why Social Security’s Trust Fund Is Vital to Those Approaching Retirement
The author says that Social Security is losing billions of dollars that will one day hit retirees directly in the wallet.
TSP Investment Strategy for Retirement
How should you invest your TSP savings in retirement? This is one strategy that can be a good option.
How to Calculate Your 2022 COLA (Current Max Projection: 6.1%)
How is the 2022 COLA calculated for different groupings of federal retirees?
