What Makes the Federal Employees Retirement System So Good?

Article Excerpt: "...For starters, not everybody can sign up for the Federal Employees Retirement System. It – as the name implies – is for federal employees. More specifically, it’s for civil servants. They are the non-military civilian workforce that forms government departments and agencies. There are millions of such workers across the country. They system includes Federal Reserve employees and covers the congressional pension program. Those working for the National Security Agency, staff members of the White House, CIA agents and nearly 500,000 postal service workers qualify for the Federal Employees Retirement System..."

Resource: investmentu.com

Federal Employees Retirement System (FERS),

Will Federal Employees Really Have Lower Taxes in Retirement?

Article Excerpt: "...even though you’ve stopped working and are no longer being paid a salary by your agency, once you retire and start receiving your pension retirement, it’s as if you’re still receiving a salary from a tax perspective. This is because the money that you’re receiving from your pension is considered fully taxable..."

Resource: www.fedsmith.com

Here's the Average Social Security Benefit by Age

Article Excerpt: "...let's examine the average payout by age. Below you'll find a payment breakdown provided by the SSA as of June 2020 (rounded to the nearest whole dollar)..."

Resource: www.fool.com

6 Considerations For Retirees To Pay Off Your Mortgage Early

Article Excerpt: "...If you plan to pay off your loan by taking a withdrawal from a 401(k) or IRA, you may want to reconsider for tax purposes. For example, if your current income puts you in the 12% tax bracket and taking a large distribution puts you in the next tax bracket (22%)..."

Resource: www.forbes.com

How Much Can You Collect From Social Security With a Salary of $50,000 per Year?

Article Excerpt: "...it's a good idea to figure out how much you can expect to receive each month. Although everyone's benefit amount will differ, here's how much the average retiree earning a salary of $50,000 per year can expect to collect..."

Resource: www.nasdaq.com

Social Security

All About the Many Different Types of Retirement Plans

Article Excerpt: "...To make matters worse, constantly worrying about money is hazardous to your health. And considering health expenses tend to go up with age, this is doubly problematic. The assumption is that healthcare costs go down once folks are eligible for Medicare. But this is far from true. ..."

Resource: investmentu.com