Retirement & Financial Planning Report

I have seen 10,000’s of federal employees retire and for many, the first year of retirement is brutal. But for …More

As Generation X approaches retirement, most in that age group “are failing to meet retirement savings targets,” according to a …More

Certain FERS employees who want to retire on an immediate annuity are faced with the prospect of having their annuities …More

A study examining the impact of “spending spikes” has found that one common outcome is an erosion in retirement savings. …More

Eligibility for survivors benefits under Social Security differ greatly from the rules applying in the federal retirement program. In Social …More

One reason for having a will is to make sure your wishes are carried out. If you die “intestate” (without …More

Recently offered legislation (HR-5342) in the House would reduce—but not eliminate—the “windfall elimination provision” that reduces the Social Security benefits …More

While relatively few federal employees waive their FEGLI Basic coverage, a lot more don’t sign up for one or more …More

Immediate annuities (also known as payout or income annuities) require you to pay an insurance company. The insurer will send …More

Those born in the last third of the Baby Boom generation—1946-1964—are now moving into retirement but they are doing so …More

Under early retirement, employees can receive an immediate annuity years before they would otherwise be eligible. They are not common, …More

If you have a minor child, there are several strategies to pursue for better tax management of money for your …More

People who provide unpaid care to family members overall have less confidence in their finances and are more likely to …More

As a rule, at retirement you may keep your health benefits coverage only if you are currently enrolled and have …More

As you grow older, you might no longer want to keep paying premiums for a life insurance policy that you …More

As federal employees you have 3 main income sources in retirement: TSP, your FERS pension, and Social Security. And your …More

A GAO report has found that the difference in retirement savings by income level is growing among older working households, …More

A union representing federal employees in a number of agencies has recommended changes to the FEGLI life insurance program that …More

One of the tasks that consumes the time of would-be retirees is figuring out what their annuity will be. They …More

There are some excellent continuing care communities around the country, some mediocre ones, and some much less. Here’s how to …More

You are five years away from your expected retirement date. Have you given any thought about what will you be …More

The Congressional Budget office has issued a report showing in a different light the Social Security funding issue—the arrival of …More

A successful retirement requires careful, long-term planning. Your responsibilities begin with signing up for a pre-retirement counseling seminar. Your agency …More

A power of attorney can be invaluable. For example, you might suffer a stroke with no warning signals and be …More

Both the House and Senate versions of the general government spending bill that funds OPM call on that agency for …More

Revocable trusts, also known as living trusts, are increasingly popular. They can serve two main purposes: * Probate avoidance. Assets …More

Good News First: The average retirement savings numbers that we are going to look at is for all Americans, not …More

Some 53 million Americans are now providing support to family members both older and younger than they are, up more …More

If you are in good health and applying for a non-disability retirement, you are eligible to elect an insurable interest …More

A survey has found common themes in dreams for retirement among all four generations studied, but the same was not …More