As Baby Boomers are retiring (or so we thought) younger and younger Americans right out of colleges are occupying the spaces of an older worker. Employers might assume you’re close to retirement and don’t need that promotion, but that’s far from true for most Americans. They might also assume that older employees will miss moreRead… Read more »
Federal Phased Retirement Program Now Available By: Kevin O’Leary
By Abigail Reid, Writer-Editor, Federal Retirement Thrift Investment Board Recently, the Thrift Savings Plan examined gender differences in retirement saving among Federal employees. For the first time, we segmented data from our annual Participant Behavior and Demographics Report by gender, in addition to factors like age and length of tenure. Considering that March is Women’sRead… Read more »
Last week, I talked to a friend about a major home improvement project costing thousands of dollars that I have to have done. My friend said she had another friend who delayed her federal retirement because she had to do the same project. My heart dropped because I would be distraught if I had to delayRead… Read more »
How did your retirement plan fare in 2014? Are there any changes you should make as we head into 2015? As the calendar flips ahead to a new year, January is the perfect time to make sure your retirement plan is running smoothly. Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board,Read… Read more »
As summer sun cools to fall, the Thrift Savings Plan (your retirement plan), has also made a turn. After a down July, all but one of the TSP funds are back in the black. All Thrift Savings Plan domestic funds recorded gains over the past month, while the I Fund, invested in international stock, fell 0.14 percent.Read… Read more »
As you near retirement age, there are a number of different factors you’ll likely be thinking about. You might realize that you aren’t as financially prepared to retire as you had anticipated, you might have trepidation about not having something to occupy your day, or you might just really like your job. If you fallRead… Read more »
On August 7th, the Office of Personnel Management (OPM) issued final regulations to allow eligible Federal employees the ability to work 20 hours per week, while receiving half of their pay and half of their retirement annuity. Under the Federal Phased Retirement law, employees who take advantage of the new flexibility, will be required toRead… Read more »
Retiring from federal service can be as simple as picking a date on a calendar, but there are certain days to retire on that are more beneficial and can ensure you’ll receive the maximum benefit due to you. When you’ve decided that you are both financially and mentally prepared for retirement, there are some keyRead… Read more »
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 »