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November 30, 2022

Federal Employee Retirement and Benefits News

Recent Stories

Don’t Be Deceived When Working On Your Federal Benefits

Employees of the Department of the Navy and the United States Postal Service in Western Washington have been sent a warning that federal retirement counselors don't conduct house calls. Someone who claims to be a

Yes, You Can Lose Your Social Security Payments; Here’s How.

As they prepare to retire, millions of individ...

The Positive and Negative Aspects of Working In Retirement

According to a Natixis Investment Managers survey from 2021, 42% of retirement savers fear they won't be able to retire. The group behind that percentage, in particular, includes retirees with $100,000 to $450,000 in investable assets - individuals who have...

Six Reasons Why You Won’t Receive Social Security

Many Americans look forward to receiving Social Security payments at the end of a long career...

Federal Employee Group Life Insurance Overview

Any first-time government employees are automatically enrolled in the Federal Employees Group Life Insurance (FEGLI) program. Unless you opted to decline such coverage by the end of your first pay period, you would be the recipient of one of two...

What You Need to Know About the Federal Retirement Systems

Do you work for the federal government as a civilian? If that's the case, depending on when you started working, you'll be eligible for one of two federal retirement systems: • Federal Employees Retirement System (FERS) &a...

There Are New Things Coming for the TSP

Federal employees should keep their eyes fixed on the Thrift Savings Plan (TSP) over the next year.

TSP Policies Will Be Affected By This House-Approved Bill

With a bipartisan vote, the House of Representatives enacted a bill (HR-2954) that would change various retirement savings plans, including the

Get Ready for Open Season

Federal Employee's Health Benefits (FEHB) can change outside the open season due to qualifying life events. The majority of Federal Employees Health Benefits (FEHB) enrollment changes during the open season, which occurs yearly. Even though most enrollment changes occ...

Fund Retirement Needs and Increase Your TSP Contributions

Which of us have attained, or have passed, our career's "Bon Jovi moment"? What do Bon Jovi moments entail? It's when you've made it midway. In Jon Bon Jovi's famous track Livin' on a Prayer, the band declares that the...

5 Common Federal Employees Retirement Regrets You Should Know Today

Have you ever asked how federal retirees are coping with lesser income after retirement? Most federal employees admit that they struggle financially after leaving their workforce because then they earn less compared to their working days. Here is a list...

2022 FEHB Premiums Explained – Joe Carreno

In certain 2022 FEHB schemes, the Self Plus One alternative will be more expensive than what is obtainable with the Self and Family plan. If you and your partner are enlisting for a 2022 Federal Employees Health Benefits (FEHB) package...

7 Categories of Workers Won’t Get Social Security, Will You? – Joe Carreno

People nearing retirement age need to ask if Social Security is accessible to everyone. The answer is no, although only a few American workers will not be eligible for Social Security. If you are a federal worker, who is ineligible...

Will IRA’s Divesting From Fossil-Fuels Cost You? by, Aaron Steele

Should fossil-fuel firms be divested from retirement savings accounts and pensions? This technique is growing more common across the world. Pension schemes in Scandinavia have revealed divestments from fossil fuel companies in recent years. Moreover, the UK NEST retirement funds,...

Beneficiaries Named for Your TSP Supersede Wills and Trusts by, Aaron Steele

Do you know that your beneficiaries now supersede Wills and Trust?  How are the Thrift Savings Plan (TSP) ...

Take Time Now To Consider What You Want In Retirement by, Aaron Steele

It's essential to work towards maxing your Thrift Savings Plan (TSP) contributions, especially if you plan to retire by the end of the year...

Who Will Benefit From Your TSP Account?

When we leave the workforce, the nest egg we meticulously built up throughout our employment becomes one of three things: income, a legacy for loved ones, or tax obligations to Un...

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