Long-Term Care Insurance Update
The Federal Long Term Care Insurance Program (FLTCIP) was created by the Long Term Care Security Act, which was signed into law by President Clinton on Sept. 19, 2000. Fifteen months later, the Office of Personnel Management selected John Hancock...
Financial Aid for Students
As the cost of college continues to escalate, many parents find that they do not have the funds or resources needed to assure that their children can pursue a higher education. They fail to take advantage of the numerous student aid programs...
Ensuring Financial Stability
A sufficient amount of money in savings accounts can protect you from unexpected financial hardships, such as those associated with illness or divorce. Financial advisors recommend that everyone have at least three months’ salary in the bank for...
A Take on TSP Accounts
Retired postal workers who voluntarily contributed to a TSP while employed did so to accumulate tax-deferred savings: During retirement, there is no federal income tax on these savings as long as account-holders comply with TSP Withdrawal Rules.
Retirement, Early-Outs and the Incentive
Many APWU members are contemplating a momentous decision: whether to end their careers to qualify for a $15,000 incentive. Under the terms of a Sept. 28 agreement negotiated by the APWU, eligible employees who opt for regular retirement, voluntary...