Federal Retirement News


Thursday, December 26, 2019

Here's Your 2020 Military Retiree, VA and Social Security Pay Bump

Here's Your 2020 Military Retiree, VA and Social Security Pay Bump

Article Excerpt: "...Military retirees, those who receive disability or other benefits from the Department of Veterans Affairs, federal retirees and social security recipients will see a 1.6% increase in their monthly checks for 2020..."



Resource: www.military.com



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Sorry, Seniors: 2020's Social Security Raise Is a Big Disappointment

Sorry, Seniors: 2020's Social Security Raise Is a Big Disappointment

Article Excerpt: "...the news on the COLA front isn't so encouraging going into 2020: Seniors will only be getting a 1.6% boost in their benefits, which pales in comparison to the 2.8% COLA they received going into 2019..."



Resource: www.fool.com



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Sunday, December 22, 2019

This Is the Best Retirement Strategy for Seniors

This Is the Best Retirement Strategy for Seniors

Article Excerpt: "...There are a lot of factors to consider for a great retirement strategy -- such as your expected healthcare costs, living expenses in retirement, life expectancy, savings, investments, and retirement accounts such as a Roth IRA. The list of questions below can help you approach them all, as you aim for maximum retirement income..."



Resource: www.fool.com



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Social Security Rules That Can Make or Break Your Retirement

Social Security Rules That Can Make or Break Your Retirement

Article Excerpt: "...If you're going to be depending on your benefits to make ends meet in your golden years, it's crucial to do your best to maximize those checks. And there are a few Social Security rules you need to understand to truly make the most of your benefits..."



Resource: www.nasdaq.com

Social Security

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Monday, December 16, 2019

TSP: Two-step authentication mandatory before the end of 2019

TSP: Two-step authentication mandatory before the end of 2019

Article Excerpt: All TSP participants must have validated contact information and use two-step authentication to log into My Account before the end of 2019. You can avoid interruption to your account access by adding these security features in your My Account Profile Settings now. Download instructions (pdf)PDF file. Two-step authentication helps protect your account against fraud. This login process is more secure because it means that online access to your account requires something you know (your account number or username and password) and something you have (the one-time code you receive in your email or on your phone). Someone who tries to log into your account fraudulently won’t be able to gain access without the code. We recommend that you include at least one contact method on your account that will stay with you through career, such as a personal email.



Resource: www.tsp.gov



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Monday, November 11, 2019

Planning for Retirement: Should You Pay Off the House Early?

Planning for Retirement: Should You Pay Off the House Early?

Article Excerpt: "...These days, more retirees are carrying mortgage debt into retirement. About half of all retirees ages 65 to 69 were mortgage-free in 2015, down from nearly 60% in 2000, according to mortgage giant Fannie Mae..."



Resource: www.kiplinger.com



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Tuesday, October 29, 2019

Become a Sweepstakes Pro!

Become a Sweepstakes Pro!

Article Excerpt: "...Learning the tips and tricks that improve your odds of winning online sweepstakes can become a lucrative hobby once you start to streamline your operation with time-saving tools and a little know-how! Assembling your toolkit The payoff for entering online sweepstakes can be large..."



Resource: iloveretirement.com



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Sunday, August 4, 2019

5 Social Security Changes in 2020 That Could Affect Your Take-Home Income

5 Social Security Changes in 2020 That Could Affect Your Take-Home Income

Article Excerpt: "...Since we don't know what the reading for July through September will be, 2020's COLA remains undetermined at this point. However, most forecasts have called for a COLA of perhaps 1.7% to 1.8% next year, which would lead to an increase pay for the average retired worker of about $25 a month, based on the average payout of $1,471 a month, as of June 2019..."



Resource: yahoo.com



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Sunday, April 14, 2019

How Much of Your Retirement Will Social Security Pay For?

How Much of Your Retirement Will Social Security Pay For?

Article Excerpt: "...Social Security isn't meant to sustain seniors by itself. Those benefits will replace about 40% of an average earner's pre-retirement income. For higher earners, it'll replace an even smaller percentage...The average Social Security recipient today collects $17,532 a year in benefits..."



Resource: www.fool.com

retirement, Social Security,

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Monday, February 11, 2019

Retired investors should rethink their strategy to account for risk, expenses and inflation

Retired investors should rethink their strategy to account for risk, expenses and inflation

Article Excerpt: "...A stock-laden portfolio designed for growth may be too risky when there's less time to wait out downturns and no fresh money going in. And the safe-looking alternative of switching to short-term bonds and cash could backfire if inflation takes a toll in a long retirement..."



Resource:



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How a small change could have a big negative impact on federal retirement

How a small change could have a big impact on federal retirement

Article Excerpt: "...the Chained index would result in a six percent income decrease over 30 years for COLA recipients..."



Resource: www.federaltimes.com



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Monday, February 4, 2019

3 Strategies That Are Proven To Increase Retirement Happiness

3 Strategies That Are Proven To Increase Retirement Happiness

Article Excerpt: "...Forget the numbers, and focus on these non-financial indicators of retirement satisfaction to help ensure you’ll find fulfillment later on in life..."



Resource: www.forbes.com



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Sunday, January 13, 2019

Little or Nothing Saved For Retirement? You Are Not Alone

Little or Nothing Saved For Retirement? You Are Not Alone

Article Excerpt: "...Roughly a third of Baby Boomers have saved less than $25,000 while just over a fifth of all American have no savings at all, according to a study by Northwestern Mutual. However, the good news is that it is never too late to start saving for retirement, or to make decisions that will help create more financial stability when it comes time to retire..."



Resource: www.thestreet.com

Saving for Retirement, Financial Stats (Retirement), Retirement Tips, Social Security tips,

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Wednesday, December 26, 2018

Monday, December 24, 2018

Is your TSP account suffering pre-recession blues?

Is your TSP account suffering pre-recession blues?

Article Excerpt: "...The G fund has returned 2.8 percent, making it the star performer for this time period. Should you be worried? It depends upon your financial situation. For example, if you are 62 years old, recently retired and already withdrawing funds from the TSP to supplement Social Security and your annuity, then perhaps you should worry. If you are..."



Resource: federalnewsnetwork.com



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Friday, December 14, 2018

Summary of Recent Trends in the Federal Employees’ Retirement System

Federal Employees’ Retirement System: Summary of Recent Trends (PDF)

Article Excerpt: "...This report describes recent trends in the characteristics of annuitants and current employees covered by the Civil Service Retirement System (CSRS) and the Federal Employees’ Retirement System (FERS) as well as the financial status of the Civil Service Retirement and..."



Resource: Federation of American Scientist (fas.org)

Trends in FERS and CSRS (2018)

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Monday, December 10, 2018

House Democrats look to boost federal worker retirement plans

House Democrats look to boost federal worker retirement plans

Article Excerpt: "...Connolly's bill would make COLA adjustments under FERS just as big as they are under CSRS, a change he says it needed to protect the later generations of federal employees. "Over time, we now realize that this two-tiered system fails to protect FERS retirees who are living on a fixed income..."



Resource: www.washingtonexaminer.com

FERS vs CSRS, FERS COLA, CSRS COLA, COLA for federal retirees,

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Thursday, November 15, 2018

Social Security's ultimate insult

Social Security's ultimate insult

Article Excerpt: "...If the same savings had been put in an equity fund that tracks the broad stock market averages (such as the S&P 500) instead of Social Security, your return on retirement could easily amount to five times that amount over a lifetime. Even if you had put your savings in safe government bonds, you could be assured of annual retirement returns of two to three times what Social Security returns pay out..."



Resource: www.foxbusiness.com

Social Security, Ponzi Scheme,

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Wednesday, November 14, 2018

Applying for FERS Disability Retirement: Laying the Foundation

Applying for FERS Disability Retirement: Laying the Foundation

Article Excerpt: "...Are you thinking about applying for FERS Disability Retirement (FDR)? If so, here are three things you should do before you initiate the application process. By checking these items off your list, you can set yourself up for success..."



Resource: www.fedsmith.com

Disability Retirement

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Wednesday, November 7, 2018

Why Do So Many People Claim Social Security at 62?

Why Do So Many People Claim Social Security at 62?

Article Excerpt: "...Seniors who enter their 60s already grappling with serious medical issues are often wise to file for benefits at 62, since doing so will likely result in a higher lifetime payout than they'd get by waiting..."



Resource: finance.yahoo.com



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Thursday, September 27, 2018

Many Under CSRS are Reaching Their Annuity Limit

Many Under CSRS are Reaching their Limit

Article Excerpt: "...Under CSRS, the dollar amount of your annuity cannot exceed 80 percent of your high-3 average salary. That’s the amount you would get if you had 41 years and 11 months of creditable service. Those who have worked in certain occupations..."



Resource: www.fedweek.com



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Tuesday, September 25, 2018

VOTE! How to register to vote #RegisterToVote

Register to Vote and Confirm or Change Registration

Article Excerpt: "...Learn if you're eligible to vote, how to register, check, or update your information..."



Resource: www.usa.gov

#RegisterToVote, Vote,

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Monday, September 17, 2018

2019 Social Security cost-of-living adjustment now expected to be 2.8 percent

2019 Social Security cost-of-living adjustment now expected to be 2.8 percent

Article Excerpt: "...It looks like Social Security benefits will increase by about 2.8% in 2019. Although that's down slightly from an earlier estimate, it still would be the largest benefit boost in seven years..."



Resource: www.investmentnews.com



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Thursday, August 9, 2018

Social Security COLA Looks Likely To Top 3% In 2019

Social Security COLA Looks Likely To Top 3% In 2019

Article Excerpt: "...Overall U.S. inflation (CPI-U) is running at 2.9% as of June, but the index used by Social Security Administration - the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) - is slightly higher at 3.1%. The SSA's equation for the COLA is rather complex..."



Resource: seekingalpha.com

CPI-W

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Tuesday, August 7, 2018

Ben Affleck’s Georgia Plantation Estate Could be Your Little Retirement Paradise

Ben Affleck’s Georgia Plantation Estate Could be Your Little Paradise

Article Excerpt: "...Yes, the renowned actor, filmmaker and philanthropist Ben Affleck is selling his charming Georgia plantation and it will cost you a cool $8.9 million to enjoy this little paradise. The sprawling estate covers 87 acres and it’s located on a secluded private island, around 30 miles south of Savannah – on the Hampton Island Preserve where it overlooks the North Newport River..."



Resource: luxatic.com



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Friday, July 20, 2018

Retirement Backlog Creeps Up, Justice Backtracks on Link Between OPM Hack and Fraud Case

Retirement Backlog Creeps Up, Justice Backtracks on Link Between OPM Hack and Fraud Case

Article Excerpt: "...According to statistics released last week, the retirement backlog increased by less than 200 claims in June to 18,198, up from 18,024. But the number of new claims received jumped from 7,625 in May to 9,397 last month. That total marks a significant increase over the same period in 2017..."



Resource: www.govexec.com

Retirement Backlog, Retirement Information (OPM), OPM,

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Tuesday, July 17, 2018

These retirement cut proposals threaten millions of federal workers

These retirement cut proposals threaten millions of federal workers

Article Excerpt: "...the fact that some workers would pay an additional 6.45% of their salaries would lead to effective pay cuts of thousands of dollars each year...Elimination of supplemental annuities..."



Resource: www.usatoday.com



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Thursday, July 12, 2018

Best Dates to Retire for CSRS and FERS Employees During 2018 and 2019

Best Dates to Retire for CSRS and FERS Employees During 2018 and 2019

Article Excerpt: "...This column discusses the recommended best dates to retire for CSRS and FERS employees during 2018 and 2019...it is important to review some retirement rules and issues affecting employees covered by the Civil Service Retirement System (CSRS) (including CSRS Offset employees) and employees covered by the Federal Employees Retirement System (FERS) (including “Trans” FERS employees)"



Resource: nalcbranch34.com

Best Dates to Retire - 2019, Best Dates to Retire - 2018, FERS Best Day of Month to Retire, CSRS Best Day of Month to Retire,

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Tuesday, July 10, 2018

Best States to Retire 2018: All 50 States Ranked for Retirement

Best States to Retire 2018: All 50 States Ranked for Retirement

Article Excerpt: "...ranked all 50 states based on financial factors critical to retirees, including living expenses, tax burdens, health care costs, household incomes, poverty rates and the economic wellness of the state itself. Of course, plenty of other factors figure into this major life decision, from proximity to family to climate preferences. But we'll leave assessing those personal considerations to you. Whether you're figuring out where to head next or just how you need to adjust your budget when moving into retirement, see how every state in the union treats its retirees financially..."



Resource: www.kiplinger.com



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Thursday, June 21, 2018

3 reasons your Social Security payments could rise in retirement

3 reasons your Social Security payments could rise in retirement

Find out what can give your monthly checks a boost

Article Excerpt: "...there are some other factors beyond your control that can lead to your Social Security checks getting bigger. By being aware of those factors, you can ensure that you get what's coming to you in the event that you become eligible to receive larger benefits..."



Resource: www.usatoday.com



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Thursday, May 17, 2018

House Committee Hearing Addresses Proposed Retirement Benefits Cuts

House Committee Hearing Addresses Proposed Benefits Cuts

Article Excerpt: "...A hearing held yesterday by the House Committee on Oversight and Government reform addressed various proposals to cut the retirement benefits of federal employees. Front and center at the hearing was OPM Director Jeff Pon..."



Resource: www.fedsmith.com



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Sunday, May 6, 2018

The ‘7 rules’ of retirement

The ‘7 rules’ of retirement

Article Excerpt: "...The old Civil Service Retirement System provided a much more generous pension/annuity than the Federal Employees Retirement System, which covers most working feds..."



Resource: federalnewsradio.com

CSRS vs FERS

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Sunday, March 25, 2018

How Much Will You Get in Social Security if You Retire in 2018?

How Much Will You Get in Social Security if You Retire in 2018?

Article Excerpt: "...Your monthly retirement benefit is based on a formula that takes into account the income you earned in your 35 highest-earning years, adjusted for inflation. This means the benefit you'll receive is directly influenced by how much you earned throughout your career. That said, there are minimum benefit amounts to ensure that qualifying retirees receive..."



Resource: www.fool.com



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Friday, March 23, 2018

Boost Social Security Checks By Tapping IRAs Early, Suggests Study

Boost Social Security Checks By Tapping IRAs Early, Suggests Study

Article Excerpt: "...Social Security payments can be boosted by early withdrawals from workplace automatic individual accounts (auto-IRAs) early, says a new study..."



Resource: www.forbes.com



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Saturday, March 17, 2018

Marrying Before or After Your Federal Retirement: Pros vs. Cons

Marrying Before or After Your Federal Retirement: Pros vs. Cons

Article Excerpt: "... going to retire in a few years and I’m in a long-term relationship, but I’m not married. What are the pros and cons of marrying before or after retirement..."



Resource: www.fedsmith.com



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Wednesday, March 14, 2018

Social Security benefits stolen by hackers, leaving families with bill

Social Security benefits stolen by hackers, leaving families with bill

Article Excerpt: "...For example, a person who claims Social Security after full retirement age is eligible for up to six months of retroactive benefits, payable in a lump sum. If you accept that lump sum, your monthly benefit is smaller. For the cyber crooks, the payout is huge if they use the ID of someone in that age range who isn't already collecting benefits..."



Resource: www.freep.com



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Sunday, February 4, 2018

5 Books to Read Now if You Want to Retire Rich

5 Books to Read Now if You Want to Retire Rich

Article Excerpt: "...here are some of the top retirement-planning books, according to expert sources and staffers at MONEY. This roundup ranges the gamut from big-picture economic questions to the nitty-gritty of your personal assets..."



Resource: time.com

Retirement Planning, Retirement Tips,

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Friday, February 2, 2018

Oops! Did you claim Social Security too early?

Oops! Did you claim Social Security too early?

Article Excerpt: "...What can you do if you claimed Social Security benefits too early? If you've decided you claimed Social Security benefits before you were ready, you have three primary options..."



Resource: www.usatoday.com



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Saturday, January 20, 2018

Buying a House on Disability Benefits or SSI

Buying a House on Disability Benefits or SSI

Article Excerpt: "...The complexities of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) benefits leave many people wondering not only if they can buy a home, but if buying a home will, in turn, affect their benefits in the future. The short answer is many people who receive SSDI and SSI benefits can and do qualify to buy a home, but will also likely face some additional hurdles unique to receiving these benefits..."



Resource: www.zillow.com

Buying a House on Disability Benefits or SSI

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Wednesday, January 10, 2018

Military Service Credit for Federal Retirement

Military Service Credit for Federal Retirement

Article Excerpt: "...Deposits to capture military service credit are made to your employing agency and generally must be received by your employing agency before retirement. Because of the processing time involved, it is wise to make the needed arrangements well before retirement. Allow at least three months to receive your military earnings records and the calculation of the needed deposit from the Defense Department; check with your agency regarding how long it needs record a payment as received—it could be several more months. Extensions of time are allowed only in limited cases of administrative error by the employing agency..."



Resource: fedweek.com



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