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Search Tags: retirement
In the latest proposals traded back and forth between the White House and Boehner, the President proposed changing the formula the Labor Department uses to measure inflation — which would reduce annual COLAs for Social Security beneficiaries, including federal and military retirees. Federal-employee unions and groups remain worried the COLA proposals are still very much on the table.
In the fiscal-cliff talks, it now appears that both sides have blinked. Republicans appear willing to accept some higher taxes and Democrats seem to have agreed that Social Security's growing costs must be curtailed. Slightly and slowly. So how will the proposals affect you? Check out Senior Correspondent Mike Causey's column.
If Congress and the White House change the yardstick used to measure inflation, will retirees barely notice or will they have to go on a diet of Hamburger Helper and Ramen Noodles? Check out Senior Correspondent Mike Causey's column for more.
The House approved a bill Thursday requiring federal employees to contribute more toward their retirement as part of a broader deal to avert the the so-called fiscal cliff. The 2012 Spending Reduction Act is nearly identical to a measure passed by the House last spring.
Most financial gurus recommend we all have an emergency cash stash for a rainy day. For federal workers and federal contractors, that could be sooner rather than later thanks to possible furloughs and a tidal wave of retirements, Senior Correspondent Mike Causey says.
Are you sick of hearing the F-word coming out of Washington? Would you offer yourself up as buyout bait? If the answer to either is yes, check out Senior Correspondent Mike Causey's Federal Report for the latest forecast.
Federal employees retired in droves last month, with more than 22,000 filing retirement claims with the Office of Personnel Management -- about about 1,000 more than OPM expected. The agency processed 12,527 retirement claims last month, also beating its projections.
Certified Financial Planner Nick Onder answers your questions on how to put together a financial checklist.
February 4, 2013
Tags: pay and benefits , financial planning , Nick Onder , Edward Jones , financial checklist , estate planning , life insurance , disability insurance , healthcare plan , umbrella policy , long term care insurance , Bob Leins , For Your Benefit
By now, most federal workers know that should there be a furlough it will mean a 20 percent pay cut. But are their retirement benefits in danger too? Senior Correspondent Mike Causey says not to worry.