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SPONSORED LINKS: Revolutionary Trading Platform Top Currency Trading Platform The Thrift Savings Plan (TSP) is a defined contribution retirement savings plan for Federal employees. Site offers access to account information, answers to FAQs, rates of ... http://www.tsp.gov/U.S. Office of Personnel Management ... U.S. Office of Personnel Management - Recruiting, Retaining and Honoring a World-Class Workforce to Serve the American People http://www.opm.gov/retire/These frequently asked questions and answers are provided for general information only and should not be cited as any type of legal authority. http://www.irs.gov/govt/fslg/article/0,,id=112713,00.htmlRetirement. Official information and services from the U.S. government ... Top 10 Ways to Prepare for Retirement; Types of Retirement Plans; Working After Retirement http://www.usa.gov/Topics/Seniors/Retirement.shtmlGovernment and Tax Exempt Plans Report November 2005 Government Retirement Plans: What You Don't Know Can Hurt You http://www.reish.com/publications/article_detail.cfm?ARTICLEID=552Retirement plans may be set up by employers, insurance companies, the government or other institutions such as employer associations or trade unions. Called retirement plans in the ... http://en.wikipedia.org/wiki/Pension... Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement. http://www.opm.gov/retire/pre/fers/index.aspAs an advocate for a healthy and comfortable retirement, we offer solutions that help plan participants prepare and plan for retirement. Discover why so many government plan ... http://ing.us/employers/retirement-plans/governmentDistrict Government Retirement Plans Abstract: District Government Retirement Plans Managed by the Office of Finance and Treasury (OFT), the following are retirement plans made ... http://cfo.dc.gov/cfo/cwp/view,a,1323,q,590271,cfoNav,%7C33210%7C.aspPublic Retirement Systems (FICA Replacement Plans) Effective July 2, 1991, Congress made social security coverage mandatory for state and local government employees who are neither ... http://www.irs.gov/govt/fslg/article/0,,id=158481,00.htmlDon't Second Guess Your Retirement Years - You Must Set Goals for Your Retirement!
When you start planning for your retirement, the first thing
you'll need to do is think about how you will be spending your time once you
are retired. Will you spend most of your time golfing, quilting or driving
around the country in your RV? Will you take a lot of trips? Where will you
go? How much will you need to save to pay for all of the things you want to
do?
When you are retired, you will have time to travel wherever you want to go. You will be able to take up hobbies that you never had time for. Think about what you would enjoy doing when you are beginning to save so that you will have an idea of how much you will need. It costs a lot more to travel all over the world than to sit at the side of a pond fishing all day. Another aspect of retirement planning that many people neglect is planning for a healthy retirement. If you are healthy, you will get a lot more enjoyment out of your retirement years. By eating well and exercising regularly, you can keep your body in good shape so that you won't have to limit your activities for health reasons once you reach retirement age. You should also think about who you will spend time with once you retire. If all of your friends are at work, retirement can be pretty lonely. Try to make friends with people who will still be around when you are no longer working, such as neighbors, club members and people from your church. Then, of course, there is the financial planning. Start by checking to see where you are. Check your social security statement (they send one every year) to see how much you can expect to receive once you retire. Do you have any retirement savings already? How much more will you need to save? How many years do you have left to save? Once you have determined how much you need to save, you'll have to figure out how to do it. Talk to a financial planner to get an idea of the kind of return you can expect to get for your investments and to find out how much you will have to set aside each month to reach your goals. Then find a way to fit that amount into your budget and do it.
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