Survivor Benefits May Be Payable Both Upon and After a Death in Service

While continuing payments to survivors upon the death of a retiree receive the majority of attention, survivorship benefits are also available if a current employee passes away. However, there are several additional eligibility requirements. Your spouse would be eligible for a survivor annuity if you were an employee who was married at the time of […]

Women are taking the lead with their finances (and retirement)

This article was originally published here Women today are breaking ground by handling everything from paying the bills and investing to planning their retirement. Women are increasingly taking charge of budgeting at home. In the post-pandemic era, people want more control over their finances, including how they pay bills, save for the future, and invest […]

2023 Social Security: Top 3 Moves to Make Now as 2022 Winds-up

By following these procedures, you may establish a solid foundation for your financial future in retirement. It’s time to start planning your money for 2023 as 2022 winds up. No matter how close you are to retirement or how many years you have left in the workforce, there are some Social Security decisions you must […]

Investors in TSP Stock Funds Get a Treat in the October Returns

Government retirement savers could partially compensate for last month’s losses thanks to an impressive October for the stock market, which included the best month for the Dow Jones Industrial Average since 1976. October’s strong stock market performance was much-needed after a disastrous September in which all Thrift Savings Plan funds lost money except for the […]

Fed Chairman Powell urged to safeguard jobs on the eve of the next rate hike.

The U.S. Senate Banking Committee Chair asked Federal Reserve Chairman Jerome Powell on Tuesday to exercise caution when tightening monetary policy so much that it causes millions of Americans already experiencing rising inflation to lose their jobs. The letter, which was also written to the Fed’s Board of Governors and made publicly available by Brown’s […]

Government Employees: Best Retirement Strategies

If you work for the government, retirement planning and conventional wisdom regarding 401(k) plans and Social Security benefits are unlikely to apply to you. However, there are several ways for government employees to plan for a prosperous retirement. The first step is understanding your benefits and how to apply them to your financial picture effectively. […]

The Best Ways to Use Your FERS Pension

The federal government has a three-legged chair for pension payments. The Basic Benefit Plan is often known as the federal pension plan, the Thrift Savings Plan, sometimes TSP, and Social Security. However, this post focuses on the Federal Employees Retirement System’s (FERS) Basic Benefit Plan. FERS Pension Calculation The length of creditable service is multiplied […]

Thrift Savings Plan (TSP): What Can it Offer at Retirement?

What is Thrift Savings Plan (TSP) The TSP is mainly a retirement savings plan for federal employees and service members. The TSP, like a 401(k), allows participants to contribute to a low-cost retirement savings and investment account while receiving automatic and matching contributions from the government. It is critical to regularly contribute to your TSP […]

A Look at the Final 1 to 3 Years of Your Retirement

The final years of retirement are filled with excitement and anticipation, much like the last lap of a race. However, during such a crucial time, you have to be careful to achieve your retirement goals in their entirety. Keeping your eyes on the plan can prevent the anticipation and excitement from distracting you from finishing […]