For private-sector employees, 401(k) plans have been a mixed bag, with some plans offering lucrative matching contributions and solid investment options while others fall short on both fronts ...

FERS (Federal Employees Retirement System) Pension: Working Until Age 62 I once had a client who was a federal employee and was looking to retire at age 61. She said, “Joe, I am retiring this ...

The Federal Employees Retirement System, or FERS, is the retirement plan for all civilian employees in the U.S. federal government. With FERS, employees receive retirement benefits from three ...

Take this example of an employee working at a GS-9, Step 5 salary rate in the “rest of the U.S.” locality pay area: 2022 pay rate: $62,024 2023 pay rate: $64,732 ...

In all, 70,351 employees retired in the first six months of 2025 as compared to 56,756 employees who left federal service ...

The Federal Reserve offers a generous retirement plan to its employees. But unlike state and local governments, which understate their pension liabilities and take excessive investment risk in ...

Impact on retirement. One federal employee, aged 55 with over 25 years of service, warned that these changes could cut retirement benefits by 30% to 40%, depending on how calculations are ...

Federal employees have excellent retirement benefits, offering unique planning opportunities for age-gap couples. By understanding Medicare enrollment, RMD rules and tax changes, you can maximize ...

Americans have amassed around $40 trillion in retirement plans, with IRAs accounting for $14.3 trillion of that and 401(k)-type plans $11.1 trillion, according to the Investment Company Institute.

For private-sector employees, 401(k) plans have been a mixed bag, with some plans offering lucrative matching contributions and solid investment options while others fall short on both fronts ...