Furloughs and Your Retirement
- By Tammy Flanagan National Institute of Transition Planning
- October 4, 2013
Well, it’s furlough time — or, as my friend Herb Hayes calls it, “furl-ouch.” Suddenly, every day feels like a snow day. But where I live in Northern Virginia, the sun is shining and it’s as hot as a summer day in mid-July. When government shutdowns happen, it is not as much fun to have a day off as some people seem to think. The emotions are many: fear (will I be paid?), curiosity (how is everyone handling the situation?), and anger (why would our government allow this to happen?).
While I’m not currently a federal employee, I am a government contractor who also is affected, because there are no employees at work to attend my pre-retirement seminars. I always try to look on the bright side of any situation, but there are many people — feds as well as those who depend on the government to stay in business — that will not see any bright side to this situation. Continue reading “”