Dan and Chelsea delve into retirement planning for those under FERS with a CSRS component. They also analyze the projected 2025 COLA and its implications for CSRS and FERS retirees.
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Chelsea provides an overview of Cost-of-Living Adjustments (COLAs), explaining their purpose and why they often fall short in addressing the full impact of rising costs. She reviews the projected COLA for 2025 and details its effects on CSRS and FERS. Finally, Chelsea offers strategies for bridging the gap between COLA increases and inflation to help manage the shortfall. Dan discusses how to prepare for retirement when you have both FERS and CSRS components. He covers calculating retirement benefits and addresses the potential impact of the Windfall Elimination Provision and the Government Pension Offset. Dan also explores the relevant components and rules.
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