Tuesday, August 22, 2017

80 Percent Rule for Retirement

Title: 80 Percent Rule for Retirement

Article Snip: "...The “80% Rule” is a good guideline for those a long way from retiring who want to, at a minimum, retain the standard of living they had before retirement. Many financial planners suggest that 80% of your pre-retirement income will give you a retirement standard of living that is substantially similar to your pre-retirement standard of living. This is based on three assumptions: First, you will not be paying payroll taxes (Social Security and Medicare) or making pension contributions (CSRS or FERS). For most federal employees, these mandatory taxes and contributions take 8.45% ..."

Reference: www.fedweek.com
TSP, Retirement, CSRS vs FERS, Social Security,

Monday, August 7, 2017

One Of The Longest-Serving Postal Workers Retires After 60 Years

Title: One Of The Longest-Serving Postal Workers Retires After 60 Years

Article Snip: "... after 60 years on the job – one of the longest-serving postal workers in history. 83-year-old Garland Gralow remembers the day he was hired. “Could you start tomorrow? – just like that – yeah okay,” Gralow remembered..."

Reference: chicago.cbslocal.com
CSRS,