Four Retirement Planning Mistakes

Read how to avoid these retirement mistakes

Resource: www.fedweek.com

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

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)

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,

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,

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

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

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

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,

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

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

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

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,

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

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,

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

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

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

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

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

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

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

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

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,

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

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

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