As a financial professional, one of the most important parts of my job is to protect clients against large losses, especially those that can tear a family apart. Imagine having an expense that could wipe out your savings, and there was a 70% chance that this could happen to you or your spouse. Well this […]
A recent report from the Office of Personnel Management Inspector General found that the agency’s Retirement Services division is not living up to its goals in servicing correspondence from retired federal employees. The report notes several key findings, one of which is that OPM’s Retirement Services is consistently not meeting its goal of responding to […]
Carol Schmidlin’s recent article in the Wall Street Journal discusses the importance of a voluntary contribution plan. Long-term federal employees can position themselves for a more secure retirement by employing a little-known feature of their benefits known as a voluntary contribution plan, or VCP. Workers put after-tax dollars into the plan, and can then roll […]
Federal retirees will receive a cost-of-living adjustment of 0.3 percent next year, according to figures released by the Bureau of Labor Statistics on Tuesday. The small increase is an improvement over this year, when retirees did not receive any boost. But it was disappointing to federal retiree advocates, who noted it does not keep pace […]
Most federal employees and retirees are beginning to think about the annual Federal Employee Health Benefits (FEHB) open season and the choices that they will have the opportunity to make. FEHB is one of the best benefits that we have as federal employees or federal retirees, and federal retirees (unlike most private sector retirees) are […]