Why Retiring Now Won’t Help You Cash In on the 2023 COLA
'...Federal employees planning to retire soon may be salivating at the thought of getting an 8.7% increase in their annuity payments next year. This sounds even more appealing as the 2023 COLA is the largest in about 40 years. Add in that 2023 federal pay raise is likely to be 4.6%, and an 8.7% increase in retirement income sounds very good. However, before you retire at the end of 2022 and...'
Reference: www.fedsmith.com
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