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...."
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...."