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Federal Employee Articles

Will Your Retirement Income Keep Pace with Inflation?
December 2, 2019

As a federal employee, you already know that you will enjoy three sources of retirement income someday (Social Security, your annuity, and withdrawals from your Thrift Savings Plan). But having income is one matter; having enough income is the real challenge for most retirees. Have three sources of income sounds…

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9 Important Financial Planning Steps to Take Right Now
November 22, 2019

Financial planning often revolves around saving for the future, particularly retirement. But anticipating taxes, and strategizing to minimize their impact, is another important component of both short- and long-term planning. Before the end of the year, consider the following steps to potentially reduce your overall federal income tax debt for…

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Should You Wait Until Age 70 To Access Your TSP?
November 18, 2019

Retired federal employees earn the advantage of three forms of retirement income; their pension, Social Security benefits, and distributions from the Thrift Savings Plan offer a form of income security not often enjoyed by other retirees. Still, having more options doesn’t mean you shouldn’t still strategize to your best advantage….

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The Top Ten Daily Money Wasters to Avoid
November 11, 2019

We all know that stashing every bit of money possible is one of the smartest ways to plan for a more stable retirement. But, of course, you can’t stash what you don’t have! If you’re short on funds to devote to retirement savings, it could be because you’re losing money…

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The Upcoming Cost of Living Adjustment for Federal Retirees
November 4, 2019

Each fall, we look forward to the announcement of a cost of living adjustment (COLA) for Social Security beneficiaries for two reasons: First, it’s a good idea to stay informed about issues that affect retirees. And second, the COLA calculation for Social Security is also used to determine the raise…

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Should You Roll Over Your TSP When You Reach Retirement?
October 21, 2019

Thrift Savings Plans allow for a tax-friendly, flexible means to save for retirement during your service as a federal employee. For the most part, many retirees also enjoy their TSP options after retirement as well. But because some do choose to roll over those funds into another type of account,…

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How the TSP Modernization Act Might Affect You
October 14, 2019

With more than $550 billion collectively stashed in Thrift Savings Plans, federal employees clearly enjoy this important retirement benefit. The fund is structured similarly to 401(k) accounts offered by many private sector employees, and features investment options with a low fee structure. But still, there is always room for improvement….

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Should You Work Past Age 65?
October 7, 2019

Some people choose to keep working past age 65, because they want to save a bit more money for retirement. Others got a late start with their careers. And then there are those who simply enjoy working, and aren’t ready to stop! Whatever your reasoning, you might be wondering about…

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5 Benefits of Being a Federal Employee
October 2, 2019

Most of us want to pursue a career that we enjoy, and where we feel like we’re making a difference. But pay and benefits go a long way toward career satisfaction as well! Here are five benefits of being a federal employee, that are not always enjoyed by private sector…

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Avoid this New Healthcare Related Financial Scam
September 23, 2019

According to the National Health Care Anti-Fraud Association, con artists reap tens of billions of dollars each year through health care fraud. Many of these incidents can be traced back to Medicare. With its requirements to pay claims quickly, there often isn’t enough time to trace and verify each claim…

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