Posts Tagged: retirement

Is The ‘Survivor Benefit’ Best For You? By Todd Carmack

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 »

Understanding Your FEGLI Coverage, by Todd Carmack

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 »

Older People and Work

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 »

A Federal Ghostland: Where Have All the Managers Gone?

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 »

Older People and Work

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 »

Federal Employee Financial Plan

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 »

Connecting with Your Future Self

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 »

Does The President’s Budget Matter?

The White House released its fiscal 2015 budget proposal on Tuesday. The budget aims to “put a stop to short-sighted cuts to government operations” and to expand funding for federal-employee training. Federal employees’ pocketbooks would also get a slight boost. For the second year in a row, the Obama administration is proposing a 1 percentRead… Read more »