12:38 pm, July 14, 2014

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  • Will you still need me, will you still feed me?
    Just me
    My hair is now thinning, and what isn't falling out is turning grey. I find myself using my father's phrases (and making his noises) more and more often. So, yes, Mike I'm one of those who is older than the median age (but not at MRA yet). No, there aren't many of us left (peers from my group who got hired)and all the managers (who were our bosses when we were younger) have either retired or died in place. That being said, the government's schizophrenic attitude (towards those of us with the institutional knowledge) has made it apparent that there will be little benefit (to me) to staying beyond MRA (at which point I will have served for 30 years).
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • age of 38.7
    Modicrum
    Mike If a quarter of workers are less than 38.7 and a quarter above does that mean half are exactly 38.7?
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • On the other hand
    Skippy
    About 4 months before I retire. Seen too many relatives and friends pass away before they retired and there are simply too many things I want to do that don't revolve around endless meetings and strategic plans that go nowhere.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • strategy meetings
    Modicrum
    Especially frustrating is when managers ask you for milestone achievements that will happen ten years from now. I used to tell them to look at milestones predicted ten years ago and use them.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • You Think This Is Bad
    MAZ
    You think this is bad, wait until the FERS folks do their numbers at 62 and find out how little 30% of your current pay is. You will never get a FERS employee to retire, the future is grim for those looking to advance. We need a better system and not one that removes retirement pay for Federal employees. You can't afford to run Govt like a business, everyone would want to work for the IRS on commissions and get income sharing. Congress would get stock options against future Govt income as would executives and managers. What is needed is a better economy that people can have faith in. In the past when people had faith in a future after retirement, they retired early, they retired at 30 years and they sometimes just left Federal service for things like profit sharing, stock options and commissions. Today, foe-get-about-it.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • yep, 30% ain't much and won't pay the bills
    Rob
    so if you're under FERS you better be all in when it comes to investing in the TSP. Stopping contributions, then restarting; jumping in and out of funds in an attempt (futile attempt I might add) to time the market is dangerous business. Having said that, I think people can decide for themselves what's the best course of action.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • "Something is wrong here"
    contrarian
    Yes, as quoted from Steve in Mike's article, there is a lot wrong here, and virtually nobody is talking about what's the grand scheme is. Maybe blaming each the other side is good enough for most of you, but I blame them both for this mess. It's not right that we don't have budgets for almost half a decade. It's not right that people who retire get more money than those who are still working on the job. It's not right that we get treated like dogs. But it could be worse, in Cyprus the banks had a 9.9% wealth tax on deposits over 100,000 euros. Those under had a 7% tax. That was their bailout. Could same thing happen in USA to bank accounts or 401Ks? Didn't Pelosi want to nationalize retirement accounts? So it could get worse before it gets better.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Really?
    Moderate
    I was unaware that Pelosi wanted to nationalize the retirement accounts. Where does that come from? What is the real truth?
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • FERS is more than 30%
    Linda
    If you retire on FERS at age 62 with 30 years you get 33% of pay. There is a .1 kicker at age 62. Also you get Social Security. And unless you are a very low grade, and even then you should have, put in Max to the TSP. I will retire with more pat with 40 years at age 63. Unless the government is taxing us 90% by then. In which case it doesn't matter what you make, you have nothing left.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Should put in Max??!!
    Taxpayer Too
    You're telling I should put in the max into my TSP? I'm not a low grade by any means and I live within my means but you know nothing about my living situation or anyone elses for that matter to make a statement like that. When I retire I'll live comfortably with what I've put into my retirement even if I've put in the max or nothing at all. AND I won't be living on welfare either.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Too many put in nothing
    Linda
    You should at least put int the 5%, because the match is free money, so to speak. Me, I feel I have earned it. I see so many of the 30 something crowd who have no retirement, no pension (at least the Feds have that), no IRAs and little savings. What are they going to live on in Retirement? Welfare and Social Security? Are they hoping their parents leave them lots of money? What if their parents live to 100? They might then be able to retire at 75 or 80? I put in as much as I can and live a reasonable life.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • FERS
    Moderate
    isn't the max 40% plus sick leave? I am not strong on FERS.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }