4:32 pm, July 11, 2014

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  • Can't lose
    Linda
    I am always fascinated by the talk of what you lose if there is no raise in the long term. There is some truth to the statement, but point blank, you can't lose what you don't have. There is no iron clad promise to the Feds that we will get a raise every year, not to mention the step raises and promotions. Maybe the Fiscal Cliff doesn't worry me to much because I don't live close to the edge and can weather the storm. But, yes, if 20 days furlough and all the tax cuts expire, it will cost me a pretty penny. More in pay than taxes. .............it is interesting that what I hear in my Agency is nothing. From Budget Analyst to Territory, they know nothing and the only people talking about it are the worker bees. Hmmmm. Anyone's Agency even planning for sequestration?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Beltway
    Bud
    I'm CSRS retired.Frozen Fed haas 37.5 years service.Maybe he converted to FERS but he's probably CSRS.His 37.5 years gives him 71% of high 3.He's now paying 7% CSRS and 1.45% Medicare plus state,city income tax.He may have significant financial obligations but if not it's time for him to do the retirement math since he's now working for about minimum wage.As for his COLA catchup,no way.Either retire or stay but you can't have it both ways.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • F Fund?
    disgusted fed who hopes to hold out until retirement
    Some of the business media say that the bond funds are ready to take a hit. "Just sayin'"
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Beltway is Right
    ben
    Bud, I retired six months ago after 40 years and 5 months with DoD, plus 10 months sick leave under CSRS. The last two years I went from working for minimum wage to paying the Government for coming to work the last two months. Now, living in a state that doesn't tax federal retirement, my monthly takehome exceeds my takehome when I was working, as I was no longer making contributions to TSP.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Beltway
    Bud
    Ben,I did the same calculation.Had 36.5 years including sick leave.That's 69% then minus about 9% for surviving spouse.So we're at 60%.Add the 8.45% CS/Medicare.3.4% state,1.5% city income taxes.Now we're at74%.The CS annual pension exclusion is about 3% of working salary. Now we're up to 77%.CFC donations are about 1%. 78% total.Add in commute costs,lunches,dry cleaning shirts/suits and you're up to about 80%.That's work adios time.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Tony is going to get slaughtered in the F fund
    contrarian
    When interest rates change you are doomed. Diversify during the next market plunge. If you can't figure out how, then just buy a lifestyle fund. Do NOT put all your eggs in one basket so close to retirement!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }