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April 20, 2021

Federal Employee Retirement and Benefits News

Federal Retirement Articles




Standardized Federal Retiree Annual Changes Incoming?, by RICK VIADER

For many years, retired workers have caused themselves headaches while trying to calculate annuity payment increases. If one lawmaker gets their way, this system will one day change to standardize all increases.   HR 304, otherwise known as the Equal...

All You Need to Know About Deferring Retirement as a Federal Worker, by Marvin Dutton

Many reasons can cause a federal worker to leave government employment before they are eligible to do so. For those interested in taking this step, five years of service or more can aid the decision without the worker having to...

Questions You Should Answer Before You Decide to Retire, by Leslie “Kathy” Hollingsworth

Most workers in their early fifties start thinking about throwing in the towel, as they should after many years of service to their country. The fact is that some people are not ready for retirement even when they reach their...

Common Retirement Questions (and the All-Important Answers!)

When it comes to retirement, annuities, and benefits, there are many common questions for workers. With this in mind, this guide will address some of the biggest. By the end, you should have a better idea of the answers!  ...

Google Article 10-3 Sponsored By:Hannahfree Melton

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type...

Should You Leave Your 401(K) Balance In An Employer’s Plan?, by Mark Heinrich

Every employee has to make a significant retirement decision when leaving an employer. You have to decide whether to leave your 401(k) balance in the employer's plan or move it somewhere else as you go. It's a decision you have...

Here’s What to Do if You Are Close to Retirement But Don’t Have Enough Saved Up, by RICK VIADER

If you are nearing retirement and don't have much saved to your retirement nest, then you are not alone. Over 45% of baby boomers have the same fear of running out of money during retirement, according to the 20th Annual Retirement...

Do You File for Social Security Early to Allow Your Retirement Account to Grow?, by Aaron Steele

What lengths are you willing to go to avoid making withdrawals that can limit the growth of your retirement savings? If you are forced to retire earlier than anticipated, the likely move will be to file for social security benefits...

Here Are Three Things to Know if You Are Considering Early Retirement This Year, by Todd Carmack

2020 was devastating, not just for individuals but local businesses and the economy as a whole. As the New Year progresses, personal finance will be a top priority for many Americans who may have to rethink their retirement planning due...

You Need To Rethink Claiming Your Social Security Benefits at 65, by Brad Furges

The majority of Americans are hopeful that when they are 65, they can retire and subsequently file for social security benefits, which many people depend on when they get older. Social security benefits, coupled with cash flow from personal savings...

What you need to do when eligibility for disability and retirement benefits overlap

Social security provides a disability benefit to people who can't work due to a confirmed medical condition. This medical condition must last for a minimum of one year or lead to death. When there is high unemployment, there is an...

Consider Retiring at Any of These 3 Ages if You Want More Money in Retirement

According to data from the Empower Survey Institute, running out of money in retirement is a major concern for both current retirees and potential retirees. Unfortunately, it’s a valid concern as most seniors face the risk of running out of...

Covid-19 pandemic has caused billions of dollars to flow out of the TSP

Federal government officials coordinating the 401(k) savings program revealed that about $3 billion flew out of the Thrift Savings Plan (TSP) due to the Covid-19 pandemic. According to the CARES act, TSP participants can take loans up to twice the...

The downside of cashing out retirement plan assets

Reasons why you should consolidate your retirement plan accounts   Anytime you change your job, you have the chance to decide whether you will maintain your retirement account or not. You may choose to take out your money, cash it...

What you should know about borrowing or withdrawing from your 401(k) plan account

Suppose you plan to take a 401(k) loan; you must be sure that you are qualified to borrow from your plan. You can check your eligibility by reading through your summary plan description or checking with your 401(k) plan’s administrator....

These 7 Questions Will Help You Determine Whether You Are Ready For Retirement

The saying that timing is everything is especially true regarding retirement planning. The Covid-19 pandemic has thrown many people's retirement plans into disarray. Many people wanted to retire in a few years and may have already mapped out their retirement...

Retirement Planning: How to Prioritize Your 401(K), HSA, and Roth IRA Contributions

Typically, investors are often neck-deep into searching for the ideal stocks, ETFs, or mutual funds. But figuring out the best type of retirement account you should be funding and in what order is just as important, especially if you're fortunate...

What Would a Change in Social Security Retirement Age Mean For Benefits?, by Todd Carmack

For many retirees, Social Security remains an integral part of their retirement income. But the Social Security fund is running low, and a report released estimates that there may only be enough funds to pay 79 percent of Social Security...

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