The “grey tsunami” was a big topic at my agency a few years back. The expectation was that up to 70% of the agency’s workforce would take early retirement. Massive amounts of tacit knowledge would be lost. In preparation, my team attempted to “crowdsource” the knowledge of the experienced staff. We wanted to convert thatRead… Read more »
http://www.psretirement.com/pension-survivor-benefit-options/ Both CSRS and FERS have an option when they retire to choose a Survivor Benefit option which allows their spouse continued partial pension payments in the event of your death. For CSRS, the Survivor Benefit option would provide a 55% annuity payout. For FERS, the Survivor Benefit has two options: a 25% or 50%Read… Read more »
Save Don’t Spend One concept that should be a part of the fabric of our being is save, save, save during the last five years of our federal work career. Hopefully you have been contributing to your TSP since you began working, but certainly the last 5 years before retirement is a time you shouldRead… Read more »
Understanding Your FEGLI Coverage, by Todd Carmack As a benefit counselor and retirement income specialist, I have come to realize that a lot of employees do not remember what they signed up for or understand their federal employee group life insurance (FEGLI) coverage. An outline of FEGLI coverages available; Basic FEGLI Coverage – if elected,Read… Read more »
http://www.psretirement.com/older-people-and-work/ Do older people work to survive or because they want to stay in the game? I believe the answer is YES to both. In our society we segment people often without giving it much thought. There are older people in the Congress, even in the White House just moments away from the most powerfulRead… Read more »
Pay freezes, budget cuts, furloughs – it shouldn’t come as a shock to anyone, but after years of record low employee satisfaction, government’s senior executives are leaving the civil service at a rapidly increasing rate. According to a new report from the Senior Executive Service and George Washington University, this gap is creating the possibilityRead… Read more »
http://www.psretirement.com/older-people-and-work Do older people work to survive or because they want to stay in the game? I believe the answer is YES to both. In our society we segment people often without giving it much thought. There are older people in the Congress, even in the White House just moments away from the most powerfulRead… Read more »
For the second month in a row, the Thrift Savings Plan’s S Fund returned in the red. And in fact if you look over 12 months, the S Fund is up more than 20%. According to statistics from the Federal Retirement Thrift Investment Board, all other TSP funds yielded gains in April, albeit small ones.Read… Read more »
http://www.psretirement.com/federal-employee-financial-plan/ Are you a Federal Employee? Do you realize how important a financial plan really is at every stage of your life? Having a financial plan is probably the most important part of managing your financial life. Having a sound, flexible financial plan today is more important than it has ever been. Resources are limitedRead… Read more »
Back in his 20s, Warren Buffett often asked himself, “Do I really want to spend $300,000 for this haircut?” An avid fan of compounding, the future billionaire constantly questioned whether spending money today was worth losing what he could have in the future if he invested it. Buffett is, obviously, the exception. Most of usRead… Read more »