Threats to pay and benefits remain
Although the "fiscal cliff" has been averted, federal pay and benefits will continue to be targeted by members of Congress looking to cut spending, NARFE President Joseph A. Beaudoin warned. "The new Congress will now debate how to prevent the across-the-board sequestration cuts from taking effect on March 2," Beaudoin said. "NARFE members must remain vigilant during this time, as it is likely that federal employee and retiree pay and benefits will continue to be part of the deficit-reduction conversation." NARFE was active during debate on the fiscal cliff legislation, opposing a move by the House to extend the federal employee pay freeze for an additional year. That bill was not incorporated into the final fiscal cliff legislation.
Rolling 401(k) funds into a TSP account
Question: I am a retired federal employee with a Thrift Savings Plan (TSP) account. I currently have a 401(k), which I acquired while employed in the private sector. Can I roll over the 401(k) into the TSP? More
Action to avert fiscal cliff leaves federal employees with uncertainty
The Washington Post Share
Congressional action to avert a "fiscal cliff" of higher taxes and across-the-board federal budget cuts means that government agencies will avoid many dreaded spending reductions — at least for now. But "now" is no more than two months. The future remains uncertain for federal employees because the legislation, passed less than 24 hours into 2013, delays the budget reductions known as sequestration only until early March. More
Pulling back from the cliff: House passes compromise measure
Government Executive Share
The House voted to approve a measure aimed at preventing a series of tax increases and spending cuts from automatically going into effect, putting a temporary end to fears that the nation would drop off the fiscal cliff into a recession. After hours of political wrangling, House leaders agreed to take up a Senate-passed compromise measure, which ultimately passed with bipartisan — if reluctant — support. The vote was 257-167. More
The cost of the 2013 pay raise
An executive order issued last week made the end to the pay freeze official. Starting after March 27, federal employees can expect a 0.5 percent pay raise after no raises for the last two years. Although a 0.5 percent pay raise for federal employees and members of Congress doesn't sound like much, it is estimated that it will add $763,125,000 in total salary costs to the federal budget. More
401(k) Adviser: Fiscal cliff aside, keep saving for retirement
Milwaukee Journal Sentinel Share
We live in a country that loves its drama — Y2K, the Mayan apocalypse and the drama de jour, the fiscal cliff. Given the raging debate over how to reduce our exploding national debt, it is no surprise that many are wondering how they're supposed to plan for retirement when our nation's leaders are renegotiating the rules of the game. More
Know facts before hiring in-home caregivers
Daily Record Share
Finding a good in-home caregiver who is dependable, likeable, trustworthy and affordable can be challenging, to say the least. Here are some tips and resources that can help. More
Could being a little overweight help you live longer?
HealthDay via EverydayHealth.com Share
A new international analysis reveals a surprising pattern: While obesity increases the risk of dying early, being slightly overweight reduces it. These studies included almost three million adults from around the world, yet the results were remarkably consistent, the authors of the analysis noted. More
For late bloomers, unexpected success is worth the wait
Huffington Post Share
Everyone loves a prodigy: 10-year-old violinists, pre-pubescent Olympians, adolescent Ph.D.s. Achieving greatness when so young seems like a romantic ideal. But the opposite — mining one's greatest potential in the midstream of our lives — is an even more remarkable event. Men and women who have built lives on a given trajectory but then leap into another world and succeed, practically defy the laws of physics. More
Retire here, not there: South Carolina
Market Watch Share
Spend a day or two in the Palmetto State, and you may quickly understand the state slogan — "smiling faces and beautiful places." The state's Lowcountry region, which extends 150 miles along the state's coast, is renowned for its sugary white-sand beaches, historic architecture and abundant golf courses. More
5 trends to look for in travel this year
USA Today Share
Expect to pay more for airline tickets and more in fees across the industry in 2013. Gasoline prices are predicted to remain lower, however. More
Homeowners falling for energy audit scam
There is a new scam hitting homeowners across the country. If you get an offer for a free or low-cost energy audit, you may want to hold off. Debbie Katt is like many homeowners interested in cutting back on electric bills and making her home more energy efficient. So, when someone appeared at her door offering a free home energy audit, she agreed. More
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