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April 24, 2024

Federal Employee Retirement and Benefits News

Federal Retirement Articles




Boost Your Retirement Funds with an Unknown Roth IRA Benefit

Who doesn’t want more income in retirement? Workers and near-retirees have been seeking methods to boost retirement income for many decades. Well, some believe they have now found it with a relatively unknown benefit in their Roth IRA.    Let’s...
Public Sector Retirement - PSR - How to handle taxes on your retirement income

Dealing with a TSP Account After Retirement

After retiring from federal service, what exactly should you do with your TSP? This is a question on the lips of thousands of federal workers, and it’s about time you got an answer. In fact, the vast majority of people...

Three Things That Can Make or Break your Retirement Savings Sponsored By:Rick Viader

Saving for retirement isn’t a one-time thing; instead, it usually takes decades. It requires little behaviors repeated continuously over time to help you accumulate a sufficient cash stash. According to Ken Hevert, senior vice president at Fidelity Investments, funding your...

The Future of Your Social Security – Four Potential Roadblocks Sponsored By:Brad Furges

In a perfect world, you’ll leave the world of work and enjoy the Social Security benefits to supplement a long, healthy, and enjoyable retirement. Unfortunately, this isn’t a perfect world, and we’re surrounded by all sorts of rumors and stories...

Tips To Help You Avoid Higher Taxes in Retirement Sponsored By:Rick Viader

If you are drawing close to retirement, you should probably save more than you did before with your retirement accounts. You may have also paid off your debts like mortgage and credit card debts.  Typically, with these in place, you...

Income Taxes – Deducting Medicare Costs Sponsored By:Aaron Steele

If you’re like many, you wince when tax season comes around because of all the complications and regulations. For example, those who itemize deductions may not know that some Medicare costs are deductible. That’s right - you may put certain...

Reconsider Your Plans to Claim Social Security Before Retirement

Did you know that many workers lose retirement money every year just because of the decisions they make? For example, one of the biggest mistakes is claiming Social Security while still in employment. We get the allure of the additional...

Should You Choose an IRA or a 401(k)?

Ah, the question that has baffled American workers since forever. With so many considerations to keep in mind, sometimes it can feel impossible to decide between an IRA and a 401(k). How do you know which is best for you...

Why Retirement Experts Consider Roth IRA a Golden Egg

When considering the best retirement savings vehicle, financial experts suggest choosing the Roth IRA.  Winnie Sun, managing director of the Sun Group Wealth Partners, recently said that “Roth IRA is like a golden egg.” She says everyone should contribute every...

Will an Annuity Continue if a Retired Worker Returns to Service?

Some retirees and even workers still in service are curious about the possibility of returning to service after retirement. The first question we must ask is, what happens to such a worker's annuities? Generally, the annuities will stop, but it...

After Retirement: What Happens With FEHB?

In this article, we'll go over the things that change with your FEHB program when you retire. Can you keep your FEHB coverage in retirement? The rule says that you can keep your coverage in retirement if you've been enrolled...

Perfect Retirement Day for Eligible Federal Employees

It is imperative to choose the perfect date as a federal employee about to retire from service. This article can only help federal workers who are old enough to retire and have put in the required years of service. As...

How to go About Your Federal Retirement Application

Everyone who planned to retire in 2020 has already done so. This leaves those eligible to retire but decided to stick around and those who haven’t attained the age and years of service required to retire. But it’s just a...

Errors That Could Cost You Some Parts of Your Retirement

As retirement time comes closer, many federal employees start looking forward to the years of relaxation and benefits they would get upon retiring. What many fail to do is properly prepare for retirement. So, when the time finally comes, they...

Several Federal Judges Are Retiring Now to Allow Biden to Choose Their Replacement

The inauguration of President Joe Biden couldn’t come fast enough for one federal judge. Roughly ninety minutes after the president was sworn in, District Judge Victoria Roberts wrote to him announcing her plans to step down.   Roberts has served...

How Rich Will You be After You Retire?

It is essential for a federal worker planning to retire to work out the details of the expected net income and expenses after retirement. Doing this will help determine if it is time to retire or not. Here are some...

All you Need to Know About Phased Retirement for Federal Employees Sponsored By:Rick Viader

Since its introduction about seven years ago, phased retirement is still uncharted waters for most Federal employees, especially when you compare it to other systems that have been around for longer periods. To reduce the mystery surrounding this great system,...

Common Errors in Federal Retirement Application Forms Sponsored By:Aaron Steele

Everyone looks forward to experiencing the magic and promise of retirement after years of hard work. Perhaps no other category of workers looks forward to retirement more than federal workers because of the sizeable annuities they get after retirement. However,...

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