Federal Retirement & Financial Planning Report
Public sector workers stay in their jobs longer than private sector workers, a possible indication of the value of the defined benefit type retirement programs that are still the rule in the former group but the exception in the latter group.
A report from the Employee Benefits Research Institute examined average tenure in a job since 1983, and found that overall, the concept of people remaining for extended periods in a job is overstated. Continue ›
Periods of active duty military service can be added to your civilian service. Continue ›
To determine whether or not you should use trusts, you need to understand what they are. Continue ›
Indebtedness is a more serious problem for approaching retirement today than those in the past, according to information provided at a recent Senate Select Committee on Aging hearing.
The issue is of concern because those living on fixed income have fewer options for paying down debt than those still employed, and could force people to put off retirement until they are in better financial shape.
The testimony focused on total debt, including mortgages and other residential loans plus other debt such as credit cards, for people in the 56-61 age range in 1992, 2002 and 2008. Continue ›
To carry your insurance coverage(s) into retirement you must have been enrolled in FEGLI for the five years before your retirement, or from your earliest opportunity to enroll. Continue ›
Moving to a new home in retirement? Continue ›
Many of those in their pre-retirement years still show a lack of understanding of some key retirement considerations, according to the MetLife Mature Market Institute, which has posted online its Retirement Income Quiz that previously had been administered in survey form.
For example, only 28 percent know that the average cost of a year in a nursing home is about $84,000, with 16 percent believing the figure to be as low as $44,000. Continue ›
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