2016 promises to be a year during which state and federal income taxes are not going to stay constant. If you are planning to retire during this year, then there are some tax traps for you to avoid.
This is an overview of deferred retirement annuity versus a postponed retirement annuity. by Gary Fouts
What fraction of your paycheck goes to you TSP? 23% say that they do not know. 41% of respondents do not know the maximum their employer will match.
We’ve all thrown money away on outlandish purchases. As a freshman in college, I was a student worker earning minimum wage. Naturally, I thought spending a cool $500 on skateboarding sneakers was reasonable. I did not skate, mind you, but that’s beside the point. My supervisor at the time, perhaps sensing a perilous financial future,Read… Read more »
Are you considering hanging up your cleats and (finally!) joining your retired friends in the stress-free world of retirement? … by Gary Fouts
Your federal retirement benefits represent potentially one of the most valuable assets you possess. – By Gary Fouts
U.S. Supreme Court decision allowing gay couples nationwide the right to marry would have some impact on federal employee and retirement benefits. TSP
The much-lauded federal retirement tsunami is upon us. More than a third of career federal employees will to be eligible to collect their end-of-career benefits by September 2017, compared to just 14 percent at the same time in 2012. The impending knowledge gap is going to be tremendous — thousands of career feds leaving the government andRead… Read more »
When the Phased retirement option is elected, you will be considered as partially retired, and you will begin receiving half of your TSP annuity retirement income.
Although taking retirement early may sound appealing to many people, doing so could end up being detrimental to your retirement income situation – june kirby