Author: Federal Digest Staff
The Importance of a Durable Power of Attorney (DPOA)
A general power of attorney (POA) document becomes invalid if the principal becomes incapacitated or mentally incompetent. To ensure that someone can ...Tips To Expedite Your FERS Retirement Application Process
As you’re aware, the Office of Personnel Management (OPM) often faces a backlog of retirement applications, which can delay the start of ...What’s the Cost of a 25-Year Retirement? Over $800,000 on Average
A recent article from CNBC.com highlights the staggering amount you may need to sustain a 25-year retirement — up to $1 million ...The Facts About Taxes In Retirement
A 2022 survey by the Senior Citizens League found that nearly 75% of Americans nearing retirement significantly underestimate the taxes they’ll owe ...Congress Considering New Bill To Boost COLAs For Retirees
For years, retiree advocates have highlighted that the current formula for calculating Cost of Living Adjustments (COLAs) does not accurately reflect the ...Understanding The Power Of Your Health Savings Account
When you sign up for a Federal Employees Health Benefits (FEHB) High Deductible Health Plan (HDHP) with a Health Savings Account (HSA), ...Guiding Your FERS Retirement Journey Through the 5 Major Decisions
Approaching retirement under FERS requires making informed decisions. Here are the five key choices you’ll need to address: Determining Your Retirement Age ...Understanding Survivor Benefits for Non-Spouse Dependents
While non-spouses may not qualify for the FERS survivor benefit, there’s an alternative avenue for those with financial dependents – the Insurable ...Evaluating Your Insurance Coverage Before Retirement
As retirement approaches, it’s essential to review your insurance coverage to ensure it aligns with your evolving needs. Certain policies, such as ...Optimizing Your 3 Federal Retirement Income Streams
Strategic approaches can significantly amplify your control over retirement income from your FERS annuity (pension), Social Security, and Thrift Savings Plan (TSP). ...
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