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Financial Planning and Retirement News


Federal Benefits Q&A

Question: I was a civilian federal employee from Sep. 4, 2012 to Nov. 1, 2015. I bought back three years of military time during the above time period. I re-entered civilian federal service Jan. 9, 2017. In looking at my LES, I noticed I was paying $107 in retirement as opposed to the $17 I paid in my previous stint. HR is telling me that I am enrolled in FERS-FRAE and am not eligible for my old retirement program. Over 20 years, this is a $40,000 to $60,000 issue. Do I have any options here?"

Federal Benefits Q&A

Question: My wife started a new job. Taking in consideration my present premiums, co-pays, my high cost medication, etc. Her plan is about $400 cheaper. How long does she have (should I die) before she needs to sign up on my health insurance in order to carry it into retirement?

Federal Benefits Q&A

Question: I'm almost done buying back my military time and I understand the benefits for retirement obviously but just in case I were to leave the government I would like to know if the cumulative retirement total on MyPay would increase after the time is bought. Meaning, would I would get more if I cash in the FERS since I bought back my military time?

Federal Benefits Q&A

Question: I'm almost done buying back my military time and I understand the benefits for retirement obviously but just in case I were to leave the government I would like to know if the cumulative retirement total on MyPay would increase after the time is bought. Meaning, would I would get more if I cash in the FERS since I bought back my military time?

Federal Benefits Q&A

Question: “My former spouse wants to create a ‘heritable asset' from her Civil Service Retirement System survivor benefit. How much will this reduce what's left of my CSRS annuity?”

Federal Benefits Q&A

Question: From what I've been able to find out on my own, a temporary position is eligible for medical benefits, but not retirement benefits (FERS). Furthermore, if I should manage to get a permanent position, I can't use that temp time toward the five year vesting period or toward the calculation of the annuity. Is this correct?

Not Too Late to Make Changes to 2016 IRA Contributions-Part I

Although calendar year 2016 is over, some employees may be eligible to reduce their 2016 federal tax liability by contributing to a traditional IRA. Some employees may want to save on future taxes by contributing to a Roth IRA. In the first of two columns discussing 2016 IRA contributions, this week’s column discusses recharacterizations of IRA contributions.

OPM releases new retirement claim numbers

The Office of Personnel Management has released a list of more than 40 frequently as questions with answers in response to last month's federal hiring freeze.

OPM releases top hiring freeze questions, answers

The Office of Personnel Management has released a list of more than 40 frequently as questions with answers in response to last month's federal hiring freeze.

Slightly fewer feds file for retirement in January than last year

While the beginning of the year is typically when most federal employees file for retirement, about 100 fewer feds filed last month compared with last year's numbers.

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