Retirement & Financial Planning Report

An inspector general audit at the Social Security Administration found errors in more than half of a sampling of beneficiaries …More

Federal Employees Health Benefits program carriers are obligated to follow standard coordination of benefit rules established by the National Association …More

Homeowners insurance cab be expensive but you can trim those costs if you qualify for certain discounts. Possibly you already …More

Severe health shocks can cut short working careers with long-term consequences on financial security, according to a study by the …More

Defined contribution retirement programs such as the FERS and CSRS civil service benefits contribute greatly to wealth not just of …More

If you are a FERS employee, you can retire on an immediate unreduced annuity with the following minimum combinations of …More

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

A study tracking account balances of savers in 401(k) type programs comparable to the federal Thrift Savings Plan underscores the …More

When you create a will, you’ll name an executor or personal representative. That person will be the “quarterback” of your …More

An inspector general audit has found weaknesses in the FEHB health insurance and FEDVIP dental-vision insurance programs, including repeating a …More

Over a career many workers accumulate numerous and scattered retirement savings accounts, making it hard for them to get a …More

In order to carry Federal Employees Health Benefits program coverage into retirement, you need to have been covered by the …More

Health insurance coverage is “the benefit employees say contributes most to their feelings of financial security,” even more than retirement …More

With the January 2021 COLA payout for retirees now set, at 1.3 percent, some employees eligible for retirement apparently are …More

The TSP has issued guidance on the “spillover” policy effective in 2021 affecting investors—those age 50 and older in a …More

In the annual Federal Employees Health Benefits program open season—this year from November 9 to December 14—enrollees may change plans, …More

There is still time to avoid insolvency of the Social Security trust fund but doing it sooner is better than …More

Under both CSRS and FERS, disability benefits are payable if you have become so disabled that you are prevented from …More

If you include a trust in your estate plan, typically done on behalf of children who would be the beneficiaries, …More

The Coronavirus pandemic spurred many retirees to shore up their finances by focusing on eliminating debt and/or building up funds …More

If you’re thinking of applying to enroll in the Federal Long Term Care Insurance Program—which many employees not currently enrolled …More

Availability of an employer-sponsored defined benefit annuity program such as FERS or CSRS for federal employees is one of the …More

If you have five or more years of creditable civilian service but don’t meet any of the combinations for immediate …More

A review of job postings from employers specifically seeking older workers—or at least inviting older workers to apply, among others—has …More

Although buyouts, also known as voluntary separation incentive payments, have not been used widely in recent years, the authority still …More

The inspector general of OPM has said that federal retirees are being victimized by various forms of fraud including “forged …More

As governmental plans, CSRS and FERS are not subject to the Employee Retirement Income Security Act (ERISA), which governs many …More

Variable annuities can deliver supplementary retirement income. Money you invest can be placed among many different stock funds, bond funds, …More

In focus groups involving some 190 older women that GAO convened for a report on financial challenges facing them, a …More

The annual open season is when most enrollment changes in the Federal Employees Health Benefits program occur, but certain changes …More