As a government employee, you have access to a range of federal benefits that can greatly enhance your retirement plans. One of the most popular options is the Thrift Savings Plan (TSP), which allows you to save and invest for your future. While the TSP offers many advantages, it’s important to be aware of its …
With the ever-increasing cost of living and economic fluctuations, federal retirees have been closely monitoring any updates on potential adjustments to their retirement benefits. As government employees who have dedicated years or even decades to serving their nation, they rely on their pensions as a crucial source of income during their golden years. Here, we …
Will Federal Retirees Get A Pension Raise In 2023? Read More »
Retirement is the much-awaited phase of life that promises freedom, leisure, and a well-deserved break from work. For federal employees who have dedicated years to serving their government, it’s an opportunity to relax and enjoy the fruits of their labor. However, many retirees worry about maintaining a fulfilling lifestyle on a limited budget. The good …
5 Things Happy Retirees Do That Cost Little To No Money Read More »
If you are a government employee enrolled in the Federal Employees Retirement System (FERS), understanding your federal benefits and retirement options is crucial. One key component of FERS is the FERS Special Retirement Supplement, designed to bridge the gap between your federal retirement and when you become eligible for Social Security benefits. However, it is …
Founded 15 years before the Social Security program, the Civil Service Retirement System (CSRS) is a retirement plan that is available to federal employees. It was never meant to supplement Social Security benefits, rather it is a stand-alone government pension program, so federal employees can receive both the CSRS annuity and Social Security benefits. The …
How Much Will My Social Security Be Reduced If I Have A CSRS Pension? Read More »
As a government employee, you may be familiar with the Federal Employees Retirement System (FERS) and the various benefits it offers. However, one question that often arises is whether participating in FERS can have an impact on your Social Security benefits. With retirement planning being a crucial aspect of every individual’s financial journey, it becomes …
If you are a disabled federal employee who has received Federal Disability Retirement, you may be wondering if Cost-of-Living Adjustments (COLAs) will affect your annuity. COLAs are periodic adjustments made to retirement and other benefit plans to help offset the effects of inflation on fixed incomes. As a disabled retiree, it’s important to understand how …
3 Ways COLAS Can Affect Federal Disability Retirement Read More »
Retirement is a major consideration for anyone who has worked or is currently working in the civil service sector. Two popular retirement systems that are often discussed are the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS). While both retirement options provide benefits to federal employees upon their retirement, there are …
As a government employee, your federal retirement is one of the most significant benefits you’ll receive during your career. However, the impact of rising interest rates on this benefit cannot be ignored. Recently, there has been a lot of discussion about how changes in interest rates can affect our economy and financial markets. But what …
Here’s How Rising Interest Rates Can Affect Your Retirement Read More »
As a government employee, you have access to a range of federal benefits, including the Federal Employees’ Group Life Insurance (FEGLI) program. While this program offers valuable coverage for you and your loved ones, it may not be the best fit for everyone’s needs. If you’re considering whether to replace your FEGLI policy, there are …