Not affiliated with The United States Office of Personnel Management or any government agency
May 8, 2024
Federal Employee Retirement and Benefits News
Everyone has the same hope: to extend their lifespan. Everyone has the hope that they will have a long life. But do we have the financial resources to support such a long life?
Let’s look at a handful of intriguing results from a study conducted in 2022 by Age Wave an…
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What dangers should you accept to reach your financial objective, if any? What’s the cut-off point? That’s a simple question, but the answer can be complex.
How much is “enough” depends on a myriad of factors. What’s more important to you: your nest egg, your ki…
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Hospitals use the term “observation status” when billing
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It’s normal to feel uneasy about retiring when the economy could be in a downturn, but there are methods to keep your current standard of living in retirement even if the economy takes a downturn. Inflation is at 40-year highs, interest rates are rapidly rising, and equities have had their worst…
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When people begin planning for retirement, the typical expenses taken into account include housing, utilities, gas, and even food. Unfortunately, retirees fail to c…
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While it’s never too early to start thinking about retirement, a frequent misconception is that it simply means p…
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Deferring your Social Security claim is frequently recommended. Why? Based on your specific earnings history, you are eligible for your …
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The rate of inflation …
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Those who retire from the government and then return to work may enjoy a significant increase in their annuity.
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Whether you’re close t…
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A pension is nothing more than a savings account for the future. The money you contribute is invested and accumulated in a savings account that you can access at a later date if you so want. Generally, the first 25% of the money you withdraw from your pension fund is tax-free, while the rest is …
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According to the National Defense Authorization Act for Fiscal Year 2023, as passed in the House, military personnel would start receiving a 4.6 percent pay boost on Jan. 1. This is a result of the Basic Allowance for Housing (BAH), which was increased by 2% as part of the legislation that the H…
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The monumental Postal Service Reform Act (H.R. 3076) Congress approved this week terminates the mandate that the Postal Service pre-fund its retiree health benefits expenses and requires postal …
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Although you can call quitting work “retirement” at any time, having enough money to sustain your post-work life takes careful planning. In addition to the fundamental…
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Most individuals are aware of the advantages of disability insurance in protecting one’s income if they become ill or injured and cannot work. However, in addition to income protection, disability insurance can help protect retirement goals by avoiding early withdrawals. Early withdrawal from re…
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People are now looking for better retirement plans to make their future secure. In the U.S., Washington D.C. wants to improve how people live their retirement days; therefore, they want to improve the retirement system. According to a report, the Senate and House of Representatives could sign a …
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According to research by the Institute for Fiscal Studies, individuals and coup…
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Most people don’t know the main differences between the IRA, 401(k), and the Thrift Savings Plan. Some financial experts regard the TSP as the best plan for federal retirees.
Therefore, you need to know the TSP-eligible participants, its yearly contribution limit, the…
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