46 min listen
Avoiding retirements seven deadly sins
Avoiding retirements seven deadly sins
ratings:
Length:
47 minutes
Released:
Oct 21, 2020
Format:
Podcast episode
Description
People under the Civil Service Retirement System (CSRS) program will get larger annuities and full cost of living adjustments (COLAs) to keep pace with inflation. But the majority who will this year and in the future are under the Federal Employees Retirement System (FERS). They will have to live with smaller monthly annuities, diet COLAs, and depend on their Social Security and TSP investments for their retirement income. Long range planning isn’t just important, it is absolutely essential. Federal benefits expert Tammy Flanagan thinks this upcoming December-January may produce the tidal wave of retirements experts have incorrectly predicted for decades. But maybe this time it will happen. But whether you are going out this year, next summer or departure day is years away, plan ahead. Starting yesterday. But beginning now is better than nothing. A lot better.
Tammy will be my guest today on our Your Turn. She is going to cover the waterfront and focus on the 7 things you should NOT do when mapping out your retirement. Her list is a long one, but trust me your retirement will seem a lot longer and leaner if you skip it.
Tammy will be my guest today on our Your Turn. She is going to cover the waterfront and focus on the 7 things you should NOT do when mapping out your retirement. Her list is a long one, but trust me your retirement will seem a lot longer and leaner if you skip it.
Released:
Oct 21, 2020
Format:
Podcast episode
Titles in the series (100)
Are changes coming to your retirement plan?: Are there people in your office who love their jobs and dread retirement but who are putting in their papers effective at the end of this month? Why are so many federal workers suddenly very nervous in the civil service? Some, maybe many,... by Your Turn with Mike Causey