Federal Retirement: Things Happen
As we age, we will invariably encounter more and more health problems. We need to prepare ourselves for those things we have not necessarily planned for.
TSP: To Your Social Health
The people we work with, the colleagues we spend more than 8 hours a day with – become in large part the core of our socialization. When you retire, chances are your colleagues will not retire with you.
TSP: What’s Your Value
Do you know what your value is in terms of dollars and cents. If I asked you right on the spot – What is the value of your net worth – could you answer that question without missing a beat? Is your net worth more than just the value of your money?
Social Security – Now Or Later
If you don’t take the benefit at the first point of eligibility- age 62 and wait until your full-retirement age, you stand to earn 6 to 8 percent more per year. If your spouse claimed Social Security at his or her full retirement age or older, as a widow or widower you are entitled to 100 percent of the benefit. If your spouse claimed the benefit earlier, then what you are entitled to is decreased.
Thrift Savings Plan: Color Me Healthy
Retirement can be the beginning of something wonderful. Be healthy and happy as you look forward to the next new adventure in your life – RETIREMENT on your own terms.
TSP: Painting Your Retirement Picture
Many potential retirees think about traveling to all the places they have never been. Those thoughts make a wonderful painting. You can go anywhere in the world and at any time without spending a dime. Travel through books, the National Geographic, and many other wonderful sources.
The Inevitable
Individuals who have lost loved ones in service know all too well the pain of having to fill out forms and notify the appropriate personnel of a family member’s death during an absolutely traumatic period in any family’s life. Becoming familiar with the information in the pamphlet will help to lessen the pain of dealing with the death of a loved one.
FLTCIP: Federal Long-Term Care
Individuals applying for LTC have to undergo what is referred to as full underwriting. Full underwriting means that a series of health and medically-related questions must be answered. You might even be asked to sign a release to review your medical records and/or medical history.
COLA for Federal Employees
The COLA for next year will be predicated on the increase in the average CPI of the third quarter of last year and the third quarter of this year.
LiteBlue and Other Tools For Planning
Organizations tend to concentrate on retirement during this period because the likelihood of things changing significantly in the work profile of these employees is fairly remote. Generally, in calculating an annuity estimate, the high-three average salary is key. Therefore, if you are about to retire in 3 – 5 years, your salary may not change significantly.
