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,

A website for retired or retiring USPS employees

Title: A website for retired or retiring USPS employees

A site for retired USPS employees or those about to retire.

Reference: www.keepingposted.org

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,

Republicans offer a big slap in the face to future and present federal retirees, FERS to take biggest hit

Title: Trump’s budget calls for hits on federal employee retirement programs

Article Snip: "...Increase Federal Employee Retirement System (FERS) contributions from workers by 1 percentage point each year until they equal the government’s contribution. This would take five to six years and would result in increased out-of-pocket payments of about 6 percent over that period...Eliminate supplement payments for FERS employees who retire beginning in 2018. The supplement approximates the value of Social Security benefits for those who retire before age 62..."

Reference: www.washingtonpost.com

Presidential Pensions and Other Income: Obama’s Speaking Fees Call Presidential Pension into Question

Title: Obama’s Speaking Fees Call Presidential Pension into Question

Article Snip: "...The House Oversight and Government Reform Committee chairman says he will re-introduce legislation to limit how much former presidents receive from the federal government..."

Reference: www.snopes.com
Presidential Pension