Thursday, June 28, 2018

The $1,800-a-year Medicare cost that surprises many retirees

Title: The $1,800-a-year Medicare cost that surprises many retirees

Article Snip: "...While Medicare Part B premiums are higher for folks with higher incomes, they will still cost the typical person $1,608 in 2018. Add in the deductible, and it’s $1,791 — before any out-of-pocket costs..."

Reference: www.aol.com

Tuesday, June 12, 2018

FERS Retirement with 10% Bonus: Higher Pension for Age 62 & 20 Years

Title: FERS Retirement with 10% Bonus: Higher Pension for Age 62 & 20 Years

Article Snip: "...if you retire at age 62 or older with 20 or more years of creditable service, your pension multiplier is 1.1% [instead of 1%]...In order to get the bonus, you must be at least 62 years old at retirement with at least 20 years of creditable service. You must also be going out on an immediate FERS Retirement...For more details about the bonus, you can check out Chapter 50 of OPM's CSRS / FERS Handbook This bonus is mentioned in Section 50B3.1-1 Subsection B..."

Reference: plan-your-federal-retirement.com