The Flexible MRA+10 Retirement Option
FERS employees who want to retire but aren’t eligible for an immediate unreduced annuity under standard age and years of …More
Retirement & Financial Planning Report
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Picking a Term for Life Insurance
Traditionally, term life insurance covered a one-year period. Then the coverage was renewed, at a higher price. Recently, such policies …More
Social Security Describes Considerations for When to Draw Benefits
The Social Security Administration has said that “there are no right or wrong answers” regarding when someone eligible for benefits …More
Getting Credit When Credit Is Due
When planning for retirement, one crucial step is to make sure you’re getting service credit for all your working time …More
Consider Longer Waiting Period to Limit Disability Insurance Costs
One way to hold down the cost of disability insurance is to extend the “elimination” period before disability benefits begin. …More
Report Suggests Strategies to Meet Goal of Longer Career
A majority of workers expects to remain in the workplace beyond age 65, traditionally a common retirement target date, but …More
Doing the Math on Phased Retirement
If you are approved for phased retirement, you’ll receive additional credit for that service toward your full retirement. While you …More
Insurance Issues for Parents of Students
If you have a student in college or soon will, an insurance checkup is probably necessary. Renter’s insurance: Regardless of …More
Court Rules on Forced Retirement Standards
A recent federal appeals court decision could make it easier for federal retirees to succeed in a claim that they …More
Keep That Official Personnel Folder Up to Date
Employees should review their official personnel folders–whether that’s in electronic format, still on paper or both–on a regular basis as …More
Planning ahead in Case Incapacity Strikes
As part of your financial and estate planning, you should make arrangements for your care in case you become incapacitated. …More
Higher Taxes Needed to Keep Social Security Solvent, Report Says
Social Security suffers from a “missing trust fund” that could be restored by increasing taxes in any of several ways, …More
Tax-Favored Investments Outside Tax-Favored Accounts
In order to reduce the tax you pay on investments held in a taxable account–that is, outside of a tax-favored …More
OPM Opposes Centralizing FEHB Prescription Drugs
OPM has said it opposes an idea, raised over the years as proposed legislation, to centralizing purchasing of prescription drugs …More
Think Hard Before Taking Retirement Refund
If you separate from federal employment and are not eligible for a retirement annuity at that time, you may apply …More
Understand Duties of a Trustee Before Agreeing to Become One
Every trust has a trustee, who holds property for one or more beneficiaries. Indeed, the most important person in the …More
Opportunities for Changing Jobs Decline with Aging
Many workers are planning to continue in the workforce longer than their counterparts of prior years and their best prospect …More
TSP Offers Tailoring of Annuity Choices
While the basic federal retirement program offers only a few ways to structure survivor benefits, the Thrift Savings Plan offers …More
Adding a Teen Driver to Insurance? Compare Carefully
Adding a teenaged driver to a parent’s auto insurance policy is costly but there are ways to hold down costs. …More
OPM Sets Goals for Retirement Processing, Customer Service
A recent budget document from OPM sets goals for processing of benefit applications for new retirees and for retirement-related customer …More