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…
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Here’s How Rising Interest Rates Can Affect Your Retirement
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…
5 Reasons to Consider Replacing Your FEGLI
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…
Can I Use TSP Funds To Pay Off My Home?
Federal Educators discusses whether you can use TSP funds to pay off your home and tips to make the best decision for your financial future.
2024 COLA Watch For Federal Employees
For federal employees, 2024 is a year to watch closely. The Cost-of-Living Adjustment (COLA) that will take place in the new year could have a major impact on their pocketbooks. As Congress works on the budget for 2024, it’s important to stay informed about potential COLA increases and other changes that could affect federal employees. …
Important TSP Updates For 2023
The Thrift Savings Plan (TSP) has been a cornerstone of federal benefits for government employees since its inception. If you are nearing retirement, it is important to be aware of the updates and changes that have been made to the TSP to ensure that you are taking full advantage of your retirement plan. In this…