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GAO Provides Caution to Risks of Reverse Mortgages

July 27, 2020 My Federal Retirement

Seniors may use reverse mortgages to help supplement retirement income, but a growing percentage have defaulted and are at risk of losing their home to foreclosure more…

GAO: To Improve CPI Indexes Used to Calculate Retirement COLAs, Data Should Be Evaluated

July 23, 2020 My Federal Retirement

retirement

“As the life expectancy of Americans continues to increase, more Americans will be subject to these adjustments, so it is critical for them to be accurate,” the GAO said… more…

Why the Roth TSP Could Be Beneficial to Many Federal Employees Due to SECURE Act

July 22, 2020 My Federal Retirement

Federal benefits expert, Ed Zurndorfer, explains why Thrift Savings Plan participants should consider reassessing which TSP account (traditional or Roth) to contribute to — and in what amounts more…

OPM: Federal Employee Health Benefits Are ‘Essential’ Services During Government Shutdowns

July 20, 2020 My Federal Retirement

A proposed rule would deem services under the Federal Employees Health Benefits Program and the Federal Employees’ Group Life Insurance Program as essential during any future lapse in appropriations more…

Bipartisan House Members Call for 3% Federal Pay Raise in 2021

July 14, 2020 My Federal Retirement

pay riase

A bipartisan group of 10 House lawmakers last week said federal employees should receive the same pay raise as the military next year more…

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