A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...The U.S. Postal Service wants to hold early retirement options to ranking executives - See more at: http://www.executivegov.com/2013/09/postal-service-could-offer-early-retirement-to-executives/#sthash.eqA4N30R.dpuf..."
Article Excerpt: "...comprehensive guide to taxes on retirement income, property, and purchases, as well as special tax breaks for seniors, in every state...."
Article Excerpt: "...Investors in the Thrift Savings Plan (TSP) would certainly like to see their investments go up each month. Unfortunately, that is not how the stock market works...."
Article Excerpt: "...I will receive the special retirement supplement. Until I turn 62, I will not be (possibly) paying into Social Security, so does that reduce the amount of Social Security I will receive..."
Article Excerpt: "...What are the roadblocks and obstacles for a Federal Disability Retirement application, filed through the U.S. Office of Personnel Management, whether under FERS or CSRS? ..."
Article Excerpt: "...About a third of workers in their 50s expect Social Security benefits to be their primary source of income in retirement, according to the Transamerica Center for Retirement Studies. ..."
Article Excerpt: "...Employee unions are pressing the Federal Retirement Thrift Investment Board to give employees more options to borrow against their Thrift Savings Plan accounts while employees remain vulnerable to furloughs...."
Article Excerpt: "...the result would be lower COLAs over time for federal retirees and Social Security beneficiaries...."
Article Excerpt: "...Starting Social Security early comes with a penalty. Suppose that at age 66 you’re scheduled to receive $1,000 in monthly benefits. If you were to start drawing them at 62, your monthly benefit would be reduced by 25 percent, to $750, where it would remain as long as you draw benefits...."
Article Excerpt: "...U.S. Rep. and Democratic senatorial candidate Stephen Lynch says the income cap on Social Security contributions should be raised at a faster pace to help keep the retirement system solvent...."
Article Excerpt: "...TSP, IRA, 401(k), Roth TSP: what do all these acronyms mean and what do they have to do with my money..."
Article Excerpt: "...What will the next wave of retirement look like? In USA Today, Duncan Black depicts a grim future for today's 50-somethings. The great borrowing..."
Article Excerpt: "...January 2013 should see employees file 21,000 claims, according to OPM projections, with a target of 11,500 claims being processed for that month...."
Article Excerpt: "...The other TSP funds, consisting of stock index funds, a bond index fund and target-date funds that mix investments in those other funds, are not affected. The Treasury earlier used a separate maneuver involving the civil service retirement fund which it similarly said would have no impact on employees or retirees...."
Article Excerpt: "...TSP Executive Director Greg Long said in a recent letter to TSP participants that in the event of hitting the debt ceiling, it is possible that the government will delay issuing new securities for the G fund to avoid increasing the federal debt...."