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...."
Article Excerpt: "...you’ll find several retirement ideas for the next phase of your life. Whether you want to add to that generous pension or pick up a new hobby, you’ll find plenty of ideas in this article...."
Article Excerpt: "...Both agreed to pay back the money they received in fraudulent disability payments from the federal Railroad Retirement Board. Reiser agreed to make restitution of $226,000; Pulsonetti agreed to repay $176,000...."
Article Excerpt: "...slowly piecing together a portfolio to carry them into retirement — likely would have admitted to getting a little bit worried there. After all, that’s what we’ve been conditioned to do. 2008 put a scare into investors we’ll not soon forget, so what few..."
Article Excerpt: "...the retirement investment program known as FERS. Under FERS, employees had limited investment choices. Each was connected to an index fund. The C fund tracked the S&P 500. The S Fund tracked the small cap index. The F fund tracked the Barclays Aggregate Bond Fund. Finally, the fund offered a fixed income option -- the G fund -- which invested in Government Securities...."
Article Excerpt: "...“I'm sure they can fill some of those jobs, there's no doubt about it, the question is: are they going to fill most of them, are they going to fill half of them? And I don't know,“ Fried said. “The fewer they fill, those are -- could be -- potential lost jobs to the economy.”..."
Article Excerpt: "...These super-pensions are far more common for retired lawmakers than federal employees...."
Article Excerpt: "...Leaders from local unions and Nashville’s black community on Thursday pressed U.S. Rep. Jim Cooper to protect federal retirement benefits amid looming talks about dealing with the country’s debt...."