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Search Tags: retirement
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.
Lester Austin, public affairs specialist for the Social Security Administration, takes your calls and email questions.
January 28, 2013
Many federal workers, fed up with pay freezes and budget teasers, are hoping for a buyout that will let them depart with a cash bonus. But in reality most feds are more likely to get a pay cut than a buyout, Senior Correspondent Mike Causey says.
Just about every federal investor knows that the super-safe, never-has-a-bad day Treasury securities G Fund is the place to be when times are tough, Senior Correspondent Mike Causey says. But what happens if Uncle Sam loses the ability to borrow in order to pay off debts? Where should G Fund investors go?