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Rising inflation is expected to lead to a sizeable increase in Social Security’s annual cost-of-living adjustment, or COLA, for the year 2022
Have your career plans changed some, a lot or completely since the COVID pandemic? Has the retirement tsunami, first predicted in the 1990s, actually started?
Currently, most feds in retirement left under the CSRS program so they get full COLAs. But the overwhelming majority of people working for Uncle Sam now are under the FERS program.
A higher January COLA could mean the nation is in for an extended period of higher inflation.
Retirement with debt is a bad idea, especially if you are under the FERS program with its diet-COLA formula.
Consumer prices are going up and up, which is a good sign if you're hoping for a high cost of living adjustment next January.
With the 2022 retire cost of living adjustment heading for record territory, many working feds wonder if an inflation-driven boost for retirees will influence their pay raise.
Federal, military and Social Security retirees are in line for a cost of living adjustment that could be their biggest in more than a decade.
When it comes to a comfortable annuity for life, no matter how high prices go, not all feds are treated equally.
With five months left to go in the cost of living countdown, federal, military and Social Security retirees are looking at a 3% increase in benefits beginning in January.
While it is virtually impossible for a federal or postal retiree to run out of money, it is possible to run dangerously low — even with an annuity indexed in whole, or part to inflation.
Planning for retirement is a process that doesn't have to be a painful if you avoid some common mistakes. It will pay off big to know what they are and avoid them.
Planning for retirement isn't rocket science, but in some ways it is more challenging because ultimately you'll be riding that rocket however long it takes.
Those who spent decades in the military will see a modest COLA increase as coronavirus pandemic continues.