Federal Pension Advice and Insights

July 2, 2024

Health and life insurance are key parts of a good financial plan. Knowing how each type works is crucial when choosing the best one for your needs. The main difference between health insurance and life insurance is their purpose: health insurance helps cover medical expenses, whole life insurance provides financial support to your beneficiaries if you pass away. Life Insurance vs. Health Insurance.

June 28, 2024

As we step into 2024, one of the key interests for many federal employees, both current and prospective, revolves around the General Schedule (GS) pay scale. The GS pay scale is the framework used by the United States government to determine salaries for over 1.5 million federal employees across various occupations and locations. This guide aims to provide a detailed overview of what the 2024 gs pay scale, how it's structured, and what factors influence its application.

June 26, 2024

President Biden has formalised his plan to provide civilian federal workers with an average pay increase of 2% in 2025.

June 25, 2024

Retirement planning is a crucial aspect of financial stability, and for federal employees, the Thrift Savings Plan (TSP) plays a vital role. As one navigates the intricacies of this retirement plan, having a reliable TSP calculator becomes indispensable. These calculators help project growth, analyze different scenarios, and ultimately aid in making informed decisions. In this blog, we will explore the best TSP calculators available and how they can maximize your retirement growth.

June 18, 2024

A Cost-of-Living Adjustment (COLA) is an increase in payments to account for inflation, often used in Social Security benefits. COLA's purpose is to keep the buying power of benefits steady despite higher prices. Inflation lowers the value of a fixed income, so COLA helps balance this out.

June 13, 2024

For federal employees and military personnel, the TSP is a great option! It offers tax benefits, matching contributions, and low fees, which help you save effectively for retirement. However, it may not be perfect for everyone.

June 10, 2024

The Thrift Savings Plan (TSP) and Individual Retirement Account (IRA) are both retirement savings vehicles designed to help you save for your golden years. While they share the same goal, the two have significant differences.

June 6, 2024

When planning for retirement as a federal employee, the decision between the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) is crucial. Both plans offer unique benefits, but understanding the key differences between CSRS vs FERS can help you make the best decision for your financial future.

May 27, 2024

Planning for retirement is a critical aspect of financial management. With uncertainties looming over the future, securing your financial stability post-retirement becomes imperative.

May 17, 2024

The Thrift Savings Plan (TSP) is a retirement savings and investment plan designed specifically for federal employees and uniformed service members in the United States.

May 10, 2024

Retirement planning is a crucial aspect of financial security, especially for federal employees. Understanding the intricacies of federal retirement benefits and implementing effective strategies can make a significant difference in ensuring a comfortable retirement. In this article, we will explore various strategies to help federal employees maximize their retirement benefits.

May 2, 2024

The United States federal government stands as the nation's largest employer, boasting a wide array of benefits for its career employees.