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May 15, 2024
Federal Employee Retirement and Benefits News
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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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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COLA at 8.7% in 202…
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Legislators are concerned that the newly implemented federal retirement savings scheme may encourage government employees to invest in Chinese busin…
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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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Lump-sum annuities (or lump-sum option or alternative form of an annuity) remain a primarily misunderstood portion of the fed…
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Companies offer health benefits to attract the best employees and r…
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Whenever it comes to ensuring your financial security in retirement, the FERS annuities are a comparative steal.
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The projected cost of Medicare in 2023 surprises some younger seniors…
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With a Social Security crisis still coming, Congress must approve legislation to prevent the Social Security trust fund from running out of resources by 2034, according to GoBankingRates.com forecasts.
Some reform components urge people to save for retirement on their…
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Even though job openings dropped from Jul…
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Put plainly, the Thrift Savings Plan (TSP) is a type of retirement plan made available to federal government employees, including uniformed service members and memb…
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Inflation. There are no indications that it will slow down any time soon, and there is no quick fix.
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You may not be ready t…
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Millions of current and retired federal employees pay attention to the magnitude of the federal pay boost and the retiree inflation catchup every year. As a result, they are even more vital to the communities where they reside, vote, shop, and raise children.
Therefor…
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Even though it’s one o…
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Your IRA contributions are made to supplement your i…
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