15% Pension Cut If You Retire In The Wrong Year

Want to schedule a consultation? Click here: https://hawsfederaladvisors.com/work-with-us/ The FERS Pre-Retirement Course: The Ultimate Guide: https://hawsfederaladvisors.com/fers-pre-retirement-course-the-ultimate-guide/ Help Support Our Channel and Future Content By Donating Here: https://www.paypal.com/donate/?hosted_button_id=YDL6XPP8CQ5WU Submit a question here: https://hawsfederaladvisors.com/question-submission-page/ In retirement, your pension receives COLA’s or cost of living adjustments which are basically pay raises every year based on what inflation did the year before. These COLA’s are a huge help in maintaining your standard of living over time. But as traditional FERS your pension doesn’t receive any COLA’s until you are 62. This means that if you retire in your late 50’s then you will have a number of years during which you are highly vulnerable to inflation. Check out the full article here: https://hawsfederaladvisors.com/blog/ Check out "Building Wealth in The TSP" on Amazon: https://amzn.to/2FytP9W I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.