The Retirement Income Gap: How to Prepare as a Federal Employee
One of the most common (and most unpleasant) surprises in retirement isn’t the paperwork. It’s the moment you realize your paycheck and your retirement income aren’t the same thing. Imagine a long-tenured federal employee who retires with a high-3 salary of $100,000. Under the Federal Employees Retirement System (FERS), the basic pension formula is generally 1% × […]
