Insights and news on your Federal employee benefits
This week I attended a webinar titled “Your TSP Account - What to Think About When Nearing Retirement or Considering Leaving Government” presented by the SEC Office of Investor Education and Advocacy and the Federal Retirement Thrift Investment Board as part of World Investor Week. Let's learn how to keep your TSP safe after retirement.
Most Federal employees that I talk with during benefits briefings are aware that their spouse has a right to receive a survivor annuity from their pension after they’ve passed away. This is a very valuable benefit which most Feds choose to accept at the time they retire. But fewer know that their spouses also have rights to the money in their Thrift Savings Plan (TSP) account. Let’s clarify your spouse’s rights to the money in your TSP.
In this week’s benefits news, we get the details on how to best conduct a RIF, learn that the TSP modified its hardship withdrawal rules for those affected by recent storms, discover the impact that your pension has on your salary if you return to work after retiring, and discuss if there’s a crisis of meaning in Federal service. That’s some heavy stuff, man. Let’s get started.
In this week’s news, the shutdown is averted for now, we learn why our employers provide us with health insurance, we'll determine the best dates to retire in 2018, and try to figure out how much money we’ll need for retirement. I’ve also included my own video excerpt to remind us that it’s not just about the numbers. Let’s get started.
In this week’s news, the Congressional Budget Office (CBO) issues a report on possible options for changing your retirement benefits, there are lots of Feds affected by Hurricane Harvey, many Feds and agencies are assisting those affected, and discussion about how a government shutdown impacts you and lots of other people are included as well. Let’s get started.
In this week’s news, we’re talking about Federal employees, Federal Benefits and debt. There are also some useful articles on managing your career in the Trump era, and continuing your Federal Employees Health Benefits Insurance if you leave service. How concerned are you about the prospect of a government shutdown? You can provide your opinion in a short quiz. Lots to read and do, so let’s get started.
In this week’s news, the EPA Inspector General criticizes its own buyout effort, OPM directors discuss the impact of reorganization on the Federal workforce, the Congressional Budget Office sees no ill effects on modernizing your TSP, and how the VA Choice Act may drive reform into agencies other than the VA. I’ve also included a follow-up to my recent blog post on getting credit for non-deduction service which focuses on the three questions you should ask yourself before making a deposit. Let’s get started.
In a previous post, we covered an issue that could potentially cost you tens of thousands of dollars over the course of your retirement. The issue is getting credit for service that you performed for which a deduction was not taken from your pay. I suggest here that there are three logical questions that you’ll need to answer before deciding if making a deposit makes sense. This is primarily a ‘numbers issue’, so here are the questions . . .
