Just How Valuable is Your FERS Pension?
How valuable is your pension? The author provides a simple calculation to help illustrate.
How valuable is your pension? The author provides a simple calculation to help illustrate.
Will you have enough money when you reach retirement? The author says the answer is different for everyone and provides some important planning tips to consider.
How does the FERS pension work, and how much can it add to your overall retirement income?
When you reach retirement, you need to plan for how much you can withdraw and spend from your nest egg. The author discusses two strategies.
According to recent data from the EBRI’s annual Retirement Confidence Survey, many workers do not have the confidence that they will have enough money to retire. When you consider the average savings rate being reported, it’s easy to see why.