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How Much Retirement Income Will You Really Need?

Posted on Sunday, 22nd April 2012 by Paul Risser

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Many people underestimate lifestyle costs, medical expenses and inflation. Presented by Paul H. Risser What is enough? What is not enough? If you’re considering retiring in the near future, you’ve probably heard or read that you need about 70% of your end salary to live comfortably in retirement. This estimate is frequently repeated … but […]

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WEP, the 1940 Census, and Higher Yields

Posted on Thursday, 12th April 2012 by Dennis Damp

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The Windfall Elimination Provision primarily affects you if you earned a pension in any job where you did not pay Social Security taxes and you also worked in other jobs long enough to qualify for a Social Security retirement or disability benefit. For example, this provision affects Social Security benefits when any part of a […]

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Don’t Get Burned by Your Old Divorce Decree

Posted on Saturday, 31st March 2012 by Ann Ozuna

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Do you know what that divorce from years ago is going to do to your federal retirement? Even though you may be a couple of years away from retirement, early out offers and changes in retirement law may tempt you to jump ship and retire sooner than you had originally planned.  That old divorce decree […]

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Uunderpublicized 2012 Tax Changes & Reminders

Posted on Monday, 26th March 2012 by Paul Risser

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Little details worth paying attention to as April approaches. Presented by Paul H. Risser Every year, the IRS institutes big and little changes – and some don’t get as much notice as they should. This year is no exception. Here is a rundown of some of alterations and asterisks affecting taxpayers this year. Don’t forget […]

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TSP Basics

Posted on Sunday, 11th March 2012 by Paul Risser

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Over the years I’ve talked to many federal employees about their Thrift Savings Plan (TSP). Unfortunately most don’t have an understanding of what their options are at retirement. First, let’s discuss your current TSP allocation. Does your current allocation still meet your needs and goals? What I have found is most folks seldom reallocate investment […]

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RMD PRECAUTIONS & OPTIONS

Posted on Sunday, 26th February 2012 by Paul Risser

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Meeting your obligations & finding some opportunities. Presented by Paul H. Risser After you turn 70½, the IRS requires you to withdraw some of the money in your retirement savings accounts each year. These withdrawals are officially called Required Minimum Distributions (RMDs).1 While you never have to make withdrawals from a Roth IRA, you must […]

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Pension Survivor Alert – Don’t Let This Happen to You

Posted on Thursday, 9th February 2012 by Paul Risser

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A few months ago, while meeting with a federal employee couple, I came across a story that I think is worth repeating. I’ve changed the names and some of the details, but the overall theme of the story is true. Mr. Jones was a good man and longtime CSRS government employee with many years of […]

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2012 Changes, Temporary Service Credits, & Updates

Posted on Friday, 20th January 2012 by Dennis Damp

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We received a question from a federal employee concerning credit for temporary service. Linda was hired as a temporary employee in 1985 and two years later she was hired full time. Last April she bought back her two years of temporary service and her SCD has not changed on her Employee Express Benefits Statement. She […]

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