What are the Biggest Financial Considerations in Deciding When to Retire from a Federal Career?
These are important factors that federal employees must consider to prepare for a successful retirement.
Articles in this section cover the annual cost of living adjustment (COLA) for retired federal employees. Our authors illuminate the intricacies of the COLA and its significant impact on the financial well-being of federal retirees. Discover insights into the factors influencing COLA calculations, the historical trends in adjustments, and how these annual changes directly affect the purchasing power of retired federal workers. Stay informed about the latest updates, legislative changes, and expert analyses about the COLA, ensuring retirees are equipped with the knowledge necessary to navigate their finances effectively. Explore our articles to gain a comprehensive understanding of the annual adjustments that play a pivotal role in shaping the financial landscape for retired federal employees.
These are important factors that federal employees must consider to prepare for a successful retirement.
“We’re in the money” was a hit song in 1933 as Hollywood tried to project a favorable view of the economy. Today, inflation news is good. “We’re in the money” again.
The inflation estimates for the 2025 COLA are getting higher every month. Here are the inflation data for May 2024.
Federal employees who are considering taking a private sector job must carefully compare their federal benefits to the new position.
Inflation is still rising and the projections for the 2025 COLA are rising as well.
The March CPI report shows continuing inflation so far in 2024. This may mean a higher 2025 COLA but a negative economic impact on all consumers.
The latest CPI data indicate that inflation rose faster in February than expected.
The 2025 COLA payment will be effective in January 2025. Here is an early projection and how it compares to recent years.
Legislation has been introduced to use the CPI-E for calculating an annual COLA or use a higher figure if the CPI-W is more. How much of a difference would this make in retirement income?
Inflation in December was higher than expected but the rate has dropped considerably. 2025 COLA payments will continue going back to a more normal range.