There are a number of factors that need to be taken into consideration when identifying your savings options for retirement. Cost is not the only consideration, but an important one since fees can seriously erode your earnings.
Here are a few tips to consider in calculating your future retirement income as a federal employee.
A famous French actor makes headlines by leaving his home country for a more hospitable economic climate. With a global economy, mobility is always a possibility. Are wealthy Americans leaving this country and will the trend increase with higher taxes?
Will the Bush era tax cuts be extended by Congress? Nobody knows, but regardless of what Congress does, the authors offer steps one can consider taking before year end to improve your personal finances.
South Carolina is a state that often attracts newcomers, but look closely at the state’s income tax structure before relocating.
Sen. Chuck Grassley (R-IA) has filed an amendment designed to prevent fraud and waste within federal grant programs.
Should you do a Roth conversion to take advantage of the current tax rates which may be lower now than they are likely to be in the future? It may be a good idea but check out the details before you take action as your tax bill may be higher than you think.
Rep. Jason Chaffetz (R-UT) introduced a bill on March 1 that would terminate the employment of federal employees and prohibit the hiring of future federal employees who have a seriously delinquent tax debt.
Where will you live when you retire and can choose anyplace you want to go? One federal employee couple opted for a different lifestyle spending their summers in a small town in Maine–away from the hustle and crowds in the Washington, DC metropolitan area.
Many people contemplating retirement from the government but still in their fifties plan on working in the private sector. This can result in a substantial income but you might be surprised at what happens in your income tax return.
