Retirement Benefits Savers Get a Gift from IRS
A new rule announced by IRS says that the taxpayers who fail to move funds from one retirement benefits fund to another won’t get penalized hastily.
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Fraud Protection For Retired Federal Officials
Fraud protection is something of paramount importance in the skeptic and cynical world of today and where social security and other veteran benefit policies are protected against fraud, federal retirement benefits is not. This is something that was always in the attention of the law forming bodies and now courtesy a bill put forward by
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Potential Government Shut Down Threatens Federal Benefits
Potential Government Shut Down Threatens Federal Benefits and Retirement Congressman Rick Nolan, a Democrat from Minnesota is trying to equalize penalties for a government shutdown by ensuring that lawmakers lose access to their federal benefits during a shutdown. The bill was introduced in the House and would not apply to the current congress. Because the
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Federal Employee Benefits Protected against Taxation
This articles describes how federal benefits of public safety officers injured or killed in the line of duty are protected from taxes.
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Federal Employees Have New Union Leader
Federal Employees Have New Union Leader The National Treasury Employees Union instated Tony Reardon as president of the Union. The Treasure Employees Union is the second largest federal employee union. Reardon has spent the last 25-years working as a staff member for the NTEU, but has never actually held federal employment. He won the election
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Do You Have a Federal Retirement Individual Action Plan
Building your Federal Retirement Individual Action Plan (IAP) starts first with building your Financial Plan – the key element to your retirement future. In order to achieve our collective goal of retiring with comfort and security, we must underscore the inescapable urgency of identifying and setting goals. Without setting SMART goals we cannot develop a workable
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Federal Benefits: Keeping Abreast of Federal Benefit Changes
Provisions and guidelines for federal and postal benefits may change often. We need to stay alert for any and all changes that impact our federal retirement benefits now and in the future,
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Federal Employee Viewpoint Survey
Arriving in the mailboxes of Federal Employees will soon be the 2014 Employee View Point Survey.
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OPM and UMUC: Partnership for America’s Greatness
The Office of Personnel Management (OPM) has partnered with the University of Maryland, University College (UMUC) to ensure federal employees and their families acquire the skills needed to compete on the global stage.
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Social Security – Background
~~SOCIAL SECURITY-BACKGROUND As we continue building our laundry list of things we need to know and do in order to prepare to retire well, Social Security is a major item on our list. The Social Security Act was signed on August 14, 1935 some 15 years after the Civil Service came into being on August
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How To Retire Happy
~~HOW TO RETIRE HAPPY The first step to making sure you are happy in retirement is to understand that YOU MATTER. Many of us subconsciously define ourselves by our jobs and job titles. When those things no longer exist, we may begin to wonder about the significance of our lives and our future. It is
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Plan Building: How Do I Get Started?
~~HOW DO I GET STARTED WITH A PLAN? By now you are probably asking – How do I get started setting goals that are SMART and putting a plan into action? You get started by first simply writing down what you desire your retirement picture to reflect. Write down your goals, evaluate and analyze them
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FEGLI – 75% Reduction Election
Let’s talk about what the FEGLI 75 percent reduction election means.
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FEGLI – The Order of Precendence
The Order of Precedence has no attachment to your Will. The Federal Government does not get involved in Wills and Probate. Instead, if there is no assignment of your insurance and no valid court order exists then the order is as follows ranging from first to sixth and in that order:
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More About FEGLI – FEGLI Option C
FEGLI Option C In previous articles we discussed Basic insurance and Options A and B and various FEGLI rates. Now let’s talk about the third option under the Federal Employees Group Life Insurance – Option C. Option C is Family Insurance. As with Options A and B, Option C’s premiums are also based on age. Coverage continues
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FEGLI – Option A Standard
The Federal Government offers 3 other insurance options and we’ll discuss each in separate posts. Let’s begin with Option A- Standard Insurance.
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