What You Should Know About The Changing Full Retirement Age (FRA)
Over the years, there have been significant changes to Social Security benefits. These changes might be an annual increase in benefits; suppose there is a rise in the costs of the consumer price index. Another Social Security change might be a change in the amount of income subject to the benefi…
How to Deposit Your Military Time to Receive Retirement Credit
Prior military service may earn federal employees retirement credits, which can calculate retirement eligibility and annuities. However, the qualifying conditions for CSRS and FERS personnel are not the same. Here is a full breakdown of the regulations that govern the two systems.
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How Congress Wants to Curb Early Retirement Withdrawals
Moving a 401(k) from one employer to another might be inconvenient. Still, it’s preferable to cash out the account and possibly lose thousands of dollars by retirement, not to mention the extra taxes and penalties you’d have to pay.
Every year, Americans’ retir…
Open Season Offers Choices
The annual federal benefits open season, which has begun and will run until December 13, gives a chance to modify FEHB health insurance and FEDVIP vision-dental insurance coverage and choose flexible spending accounts for 2022. The enrollee share of FEHB premiums will increase by 3.8% on …
The Difference Between Voluntary and Involuntary Retirement
The distinction between voluntary and involuntary “discontinued service” or retirement is critical for people who return to the government as reemployed annuitants. If you have the correct mix of age and service, you can retire on an immediate annuity whenever you want. Typically, you may…
TSP Investing in Chinese Companies
In recent years, environmental, social, and governance-oriented (ESG) investing has seen an upsurge. The Federal Retirement Thrift Investment Board (FRTIB) decided to join the trend last fall by investing in an index fund with some Chinese companies. Despite much criticism from some US senators,…
How to Get the Most From Your FEHB
The Federal Employees Health Benefits (FEHB) program remains one of the most significant government benefits. Solicit the opinion of a non-insured private sector employee or a retired private sector employee who had insurance but lost it when they left their job. With no limitations or wa…
Retirement insecurity Common Among Middle Class
Middle-class households in the United States have limited financial asset…
