Questions and Answers: Federal Benefits
Q: Let’s assume that an employee enters into federal service at an old age. How dependable are federal benefits as a source income during one’s
What Happens to your Debt when you Die?
Upon an individual’s death, they leave substantial amounts of debt. Sometimes, your debt obligation may end upon your death. Beware though that if you
The Most Neglected Retirement Expense: Long-Term Care
Effectively retiring from your career involves various expenses. As a retiree, you will need to make certain adjustments in your lifestyle to cope successfully. According
Impact of Retirement Benefits Possibly Reduced
OPM’s proposed legislation cuts of federal retirement plans for former and current Federal employees that includes plans to eliminate Federal Employees’ Retirement System supplements who retire at
Top 9 Tips for Planning Your Retirement
Between 2006 and 2016, there was a 33% rise in Americans aged over 65 to 49.2 million. What’s more, it is expected that by 2060
Americans at Risk of Bankruptcy during Retirement
Typically, bankruptcy is a considerable risk for retirees though recent saving trends portend a rosy picture. Data indicates that the number of retirees with less
Majority of Americans Ill-Prepared for Financial Disaster
In the event of an emergency, 40% of Americans will need to sell something off or take out a loan to raise $400. A 2017
Number of 401(k) Millionaires Increases in 2018
Apparently, very few people are saving for their retirement. However, the number of new 401(k) millionaires is increasing at a fast rate. Though the 401(k)
Paying for Long-Term Care without Insurance
Placing an elderly parent in a long-term care facility is a financially challenging undertaking. This is true even though your parents may have long-term care
Dealing With Debt For A Happy Retirement
If you find yourself still struggling with loans and credit card payments now that you’re approaching retirement, you’re not alone. With an average debt of nearly
