May 5, 2021 / by Todd Carmack
It’s always advisable to start preparing for retirement at least a year before you expect to retire. However, when you get an early retirement offer, buyout, or RIF, you’ll be motivated to make a quicker decision. You have to use...
May 3, 2021 / by AGT ADMIN
According to a survey from the Office of Personnel Management, retirement and health benefits are important incentives for employees to take federal government jobs. About 70% of the survey's respondents said the Federal Employee Health Benefits Program's insurance influenced their...
May 2, 2021 / by AGT ADMIN
Many questions on the Federal Employees Retirement System (FERS) application may seem straightforward at first but may become confusing to answer when filling out your form. One such question is found in section C of the FERS Application for Immediate Retirement,...
May 1, 2021 / by AGT ADMIN
The federal retirement annuity is an important aspect of your retirement plan. Employees who retire under FERS receive an average of $1,834 for retirement, while CSRS employees receive an average of $4,973. This article addresses the common questions about annuities,...
April 28, 2021 / by aaron Steele
As a federal employee planning to transition from work life to retirement, it’s essential to be prepared in every way. Here are the various federal retirement benefits you could get and how to maximize them. Retirement Systems As you...
April 27, 2021 / by Todd Carmack
A bicameral pair of Democrats recently introduced new bills to increase the pay of federal employees in 2022. Rep. Gerry Connolly (Democrat-Va.) has reintroduced the Federal Adjustment of Income Rates (FAIR) Act in the house. Similarly, Senator Brian Schatz (Democrat-Hawaii)...
April 26, 2021 / by Leslie "kathy" Hollingsworth
Saving enough money to retire comfortably isn’t as easy as it sounds. According to data from the Federal Reserve, the average American has just around $60,000 saved for retirement, and 26% have nothing saved up. The coronavirus pandemic has made...
April 25, 2021 / by Joe Carreno
Retirees typically use their TSP accounts to supplement Social Security and FERS annuities. With FERS and Social Security, you’ll be sure to cover 50% to 70% of your pre-retirement income. Financial planners would tell you that you can retire...
April 24, 2021 / by aaron Steele
When retired from the military, filing your taxes may seem simpler than when you are still in active service. However, veterans can still benefit enormously from the tax code. We spoke to experts who provided helpful information for veterans filing...
April 23, 2021 / by Todd Carmack
Financial advisors will always tell you to invest aggressively when you are young and change to a more conservative investment strategy as you grow older. But most people don’t know what this means in practice. This article will show you...
April 22, 2021 / by Brad Furges
There are several facts about retirement planning that elude most retirees. So in this article, I’ll highlight five fun facts about retirement you should be aware of. Survivors Elections Are Considered Permanent Under the FERS and CSRS, a married employee...
April 15, 2021 / by Rick Viader
Retirement is one big step to take, and it requires a lot of planning. The more time you put into planning for retirement, the more comfortable you’ll be when you retire. This article explores a list of things to consider...
April 14, 2021 / by Admin
At first glance, it might seem like retirement planning has remained the same over the years, but that's not true. Today, savers face more challenges than what was experienced in the past. These new hurdles listed below have changed the...
April 12, 2021 / by Technology Admin
Sadly, the COVID-19 global pandemic has caused issues for individuals and businesses around the country. Even the government hasn’t avoided problems, and officials revealed this week that $3 billion had left the TSP due to the pandemic. With the...
April 11, 2021 / by Technology Admin
FERS workers who wish to have an immediate annuity will need any of these age and years of service combinations: Minimum of 62 years of age + five years of service Minimum of 60 years of age + twenty years...
April 10, 2021 / by Technology Admin
In what would be the largest single increase in over ten years, a 3.2% raise has been suggested by House civil service leaders for all federal workers. Although workers experienced a 2020 increase of 3.1%, the rest have fallen between...
April 9, 2021 / by AGT ADMIN
2020 is one year that will be talked about for a long time for many reasons. The coronavirus pandemic changed everything and affected just about everybody. Fortunately, cases are declining, and things are gradually going back to normal. Before the...
April 8, 2021 / by Rick Viader
Federal employees under the Federal Employees Retirement System (FERS) enjoy a rare and relatively unknown benefit called the FERS Retirement Supplement. Even the Civil Service Retirement System (CSRS) has nothing compared to it. The FERS supplement is also known as...