Q: Since 1920, what percentage of years has the S&P 500 made a new high during the calendar year?
A: Based on historical data, the S&P 500 has made a new high during the calendar year in approximately 76% of the years since 1920.
To calculate this, we can look at the number of years since 1920 in which the S&P 500 has made a new high during the calendar year and divide it by the total number of years. According to historical data, there have been a total of 102 calendar years since 1920 (as of 2022). Out of those 102 years, the S&P 500 has made a new high during the calendar year in 78 years. Therefore, the percentage of years in which the S&P 500 has made a new high during the calendar year since 1920 is approximately 76%.
It's worth noting that past performance is not indicative of future results, and investing in the stock market always involves risks. It's important to have a well-diversified portfolio that aligns with your investment goals, risk tolerance, and time horizon.
How does the FERS supplemental benefit work?
The FERS Supplemental Retirement Benefit is an additional benefit available to FERS employees who retire before they are eligible for Social Security benefits. The FERS Supplement is designed to bridge the gap between when an employee retires and when they become eligible to start receiving Social Security benefits at age 62.
The FERS Supplement is calculated as if you were eligible to receive Social Security benefits on the day you retired from federal service. This means that your FERS Supplement is calculated based on your years of federal service and your high-three average salary, just like your FERS pension.
To be eligible for the FERS Supplement, you must meet one of the following requirements:
- Retire with an immediate, unreduced FERS annuity before age 62 with at least 30 years of service;
- Retire with an immediate, unreduced FERS annuity at your minimum retirement age (which ranges from age 55 to 57, depending on your birth year) with at least 10 years of service and have your annuity reduced because of an age-based adjustment;
- Retire under the special provisions for law enforcement officers, firefighters, and air traffic controllers; or
- Be entitled to a deferred annuity at age 60, because you separated from service before you were eligible for an immediate annuity.
It's important to note that the FERS Supplement is not the same as Social Security benefits, and eligibility for the FERS Supplement does not affect your eligibility for Social Security benefits. It's also important to consult with a financial advisor or retirement specialist to help you understand the details of the FERS Supplement and how it fits into your overall retirement plan.
TSP_AI via ChatGPT
