Many Retirees Find Expenses Higher than Expected
Thirty-nine percent of retirees have found themselves spending more money than they had expected before they retired, according to a …More
Retirement & Financial Planning Report
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How to Make a Retirement Deposit
If at one point in your career you left the government, took out your retirement contributions, and then returned, in …More
Warnings of Inadequate Retirement Income Are Accurate, Study Finds
Data used in various reports warning that many workers face an inadequate income in retirement are accurate overall, a new …More
Insurance Protections for Your Children after Your Death
While the loss of a parent is a great loss for children to bear, the federal government has made life …More
Reminder: ‘Catch-Up Contributions’ Don’t Carry to New Year
In the TSP, while standard contributions roll over from one year to the next unless you direct otherwise, “catch-up contributions” …More
Providing for a Spouse Married after Retirement
You may elect to provide a survivor annuity for a spouse you marry after retirement. Within two years of your …More
Using an Institution to Administer a Trust
When you set up a trust, it’s a common to name a friend or family member as trustee. This is …More
Link between Working Longer, Good Health Examined
Longer working careers are associated with improved health at older ages, says a study that however warns that the relationship …More
Important Information for Your Family
Here’s some important information to pass along to your family regarding your federal benefits for their use at the time …More
Using Immediate Annuities for Retirement Income
For a life-long stream of income, consider buying an immediate annuity. As the name suggests, with an immediate annuity you …More
Impact of Recession on Retirement Security Still Shows
Nearly a decade after the Great Recession officially ended it still is having an impact on retirement security, according to …More
Eligibility for Federal, Social Security Disability Retirement Differ
Under both CSRS and FERS, disability benefits are payable if you have become so disabled that you are prevented from …More
Keep Home Insurance Up to Date
A homeowner’s insurance policy should not be acquired when you buy your home and then forgotten. Here is how to …More
Study Finds Stressors in Retirement Planning
While retirement preparation is a common source of stress, some personal characteristics are associated with especially high levels of it, …More
Why FEHB Premiums will Cost You More in Retirement
One of the best features of the FEHB program is that almost all employees can carry the coverage into retirement, …More
A Revocable Trust Adds Flexibility
Revocable trusts, also known as living trusts, are increasingly popular. They can serve two main purposes: * Probate avoidance. Assets …More
OPM Asked to Reverse Divorce Settlements Policy Change
OPM has been asked to reverse a two-year-old change in policy regarding how divorce settlements affect FERS annuity benefits, with …More
Understanding FLTCIP Underwriting
Underwriting is the process of reviewing medical and health-related information furnished in an insurance application process to determine if the …More
Study Shows How Much Divorce Increases Retirement Security Risk
Divorce can negatively affect each person’s current and future finances in many ways, including by increasing the risk that they …More
Don’t File and Forget Beneficiary Designations
Do you know who will benefit from your Federal Employees Group Life Insurance (FEGLI) or Thrift Savings Plan (TSP) account? …More
Leaving an IRA to a Trust
Leaving your IRA outright to one or more individuals is simple but may not be prudent. If you leave the …More
Agency Errors Causing Tax Problems for Many Federal Retirees, Says Audit
Some benefits statements on federal retirees that federal agencies submit to the IRS contain missing or inaccurate Social Security numbers …More
Improving Prospects for Getting a Disability Retirement Application Approved
Applying for federal disability retirement is for many people a daunting task that might discourage eligible persons. There are several …More
Matching Insurance Products to Your Investment Style
If you’re interested in cash value life insurance, you should know that whole life and universal life insurance are designed …More
Eligibility Conditions for Buyouts
The purpose of a voluntary separation incentive payment, also known as a buyout, is to avoid involuntary separations resulting from …More
Reasons to Start Drawing Social Security Earlier
You can start to receive Social Security any time between the ages of 62 and 70. For each year you …More
Keep COLA Prorating Policy in Mind
With the January 2019 COLA for retirees likely exceeding the pay raise for active employees, some employees eligible for retirement …More
Special Rules Apply to Federal Benefits in Divorces
As governmental plans, CSRS and FERS are not subject to the Employee Retirement Income Security Act (ERISA), which governs many …More
Federal Employees Waiting until Later to Retire
The average retirement age for federal employees is continuing to rise, hitting an average of 61.8 in the 2017 fiscal …More
Inherited IRAs Need Careful Handling
If you inherit an IRA, for maximum tax deferral, you should: * Check that the beneficiary forms and related paperwork …More
