How the Social Security COLA Is Changing Retirement for Federal Workers
Key Takeaways
The 2024 Social Security COLA brings significant adjustments to the financial outlook for federal retirees, influencing retirement income strategies.Federal workers need to assess how the cost-of-living adjustment (COLA…
Thinking About Taking Out Your TSP? Here’s How to Do It Without a Huge Tax Bill
Key Takeaways:
Strategic timing and proper planning are crucial to avoid a large tax bill when withdrawing from your Thrift Savings Plan (TSP).Tax-advantaged me…
A Closer Look At Thrift Savings Plan (TSP) Investment Strategies for Federal Employees
Key Takeaways:
Understanding the various TSP investment funds and effective diversification techniques can help optimize your retirement savings.Ma…
Mistakes People Make When Buying and Using Life Insurance
A life insurance policy is necessary, especially if you h…
Federal retirees’ 2023 COLA will be the highest since 1981.
Inflation is one of the most pressing problems facing Americans today and has been rising since 2022. The Bureau of Labor Statistics (BLS) tracks inflation and automatically calculates the annual COLA (cost-of-living adjustment).
Those…
Federal retirees received a 9% increase in COLA
The evaluation phase for January 2023 federal pensions and benefits is 75% complete. Considering a 1.6% rise in the impact of inflation used to calculate the COLA (cos…