If you have moved from submitting a Form 450 to a Form 278, you have likely been promoted. Congratulations! That’s the good news. Here’s the bad news. The financial disclosure requirements for Form 278 are very extensive and complex. There are a lot of differences between the two forms, and here are some tips to keep in mind. Note, this is an introduction to Form 278, and it is not an exhaustive list of the financial disclosure requirements.
SEE MOREThe Office of Government Ethics requires federal employees to annually submit a Confidential Financial Disclosure Report (Form 450) each year before February 15.
Federal News Network sat down with Shawn Steel, a certified financial planner with ClearLogic Financial, to learn how this can affect federal employees’ retirement plans and what they need to consider when investing.
SEE MORE1. Consider delaying social security – while not always the best answer (we can help determine when it’s not), delaying social security is provides a low-cost, guaranteed return that can’t be matched by annuity products.
2. Touch the principal – many retirees aim to “live off the dividends and interest” of their portfolio. For most retirees living in the DC area…
READ MOREFiling a 278 financial disclosure form is an annual time-consuming and onerous task for most federal employees and military personnel often in positions of significant responsibility or highly compensated ones.
READ MOREFederal employees, whether CSRS or FERS, have many decisions – some of which are irrevocable – to make as they complete their retirement paperwork. (With almost half of our clients federal employees and retirees, ClearLogic guides federal employees in making the right decisions to optimize their retirement.)
Key decisions to make include…
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