Maximizing Your Social Security Benefits: What Federal Employees Need to Know Key Takeaways: Implementing strategic claiming strategies and understanding the nuances of Social Security can significantly increase retirement income for federal employees. By leveraging available resources and optimizing their Social Security benefits, federal employees can enhance their financial security and enjoy a more comfortable retirement.… Continue reading Maximizing Your Social Security Benefits: What Federal Employees Need to Know
Mistakes People Make When Buying and Using Life Insurance
A life insurance policy is necessary, especially if you h…
Health Benefits in Retirement: A Guide for Federal Employees
Health Benefits in Retirement: A Guide for Federal Employees Key Takeaways: Medicare, FEHB, and long-term care insurance are essential components of retirement healthcare coverage for federal employees. Understanding the options available and planning ahead can help retirees secure comprehensive healthcare benefits and financial security in retirement. Introduction Planning for retirement involves more than just saving… Continue reading Health Benefits in Retirement: A Guide for Federal Employees
Early Bird or Night Owl? Maximizing Your Federal Retirement Payout
Early Bird or Night Owl? Maximizing Your Federal Retirement Payout Key Takeaways: Start early, contribute consistently, and explore tax-efficient withdrawal strategies to maximize your federal retirement payout. Understand the various retirement options available to federal employees, seek professional guidance, and regularly review and adjust your retirement plan for optimal results. Introduction Planning for retirement as… Continue reading Early Bird or Night Owl? Maximizing Your Federal Retirement Payout
Decoding the Puzzle: Understanding Your Federal Retirement Benefits
Decoding the Puzzle: Understanding Your Federal Retirement Benefits Key Takeaways: Mastering the nuances of FERS, CSRS, and the Thrift Savings Plan is crucial for federal employees planning their retirement. Early retirement options require careful consideration of eligibility criteria and potential trade-offs to ensure a smooth transition into retirement. Introduction Navigating the intricacies of federal retirement… Continue reading Decoding the Puzzle: Understanding Your Federal Retirement Benefits
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…