Didn't Retire from Active Duty? You Can Still Use Your Service Toward a Pension

Title: Didn't Retire from Active Duty? You Can Still Use Your Service Toward a Pension

Article Snip: "...your active duty military service puts you in a better position to earn a pension, even if you count yourself among the 83% (roughly five out of six) of active duty veterans who didn't remain on active duty long enough to retire from the military to earn military retirement pay..."

Reference: www.military.com
Buy Military Service Credits with the Federal Civil Service

What is Social Security’s 'special earnings limit rule'?

Title: What is Social Security’s 'special earnings limit rule'?

Article Snip: "...The special earnings limit rule is an exception to Social Security’s earnings limit...The reason for the rule is that Social Security bases the earnings limit on a full year’s income, but it recognizes that most people retire at some point mid-year and by then may have already earned more than the limit. Rather than count that income and reduce your benefits accordingly, Social Security applies a “monthly earnings test”: Once you claim your benefits, you’ll get your full payment for any month that Social Security considers you to be “retired” (doing limited or no paid work), regardless of your total earnings for the year. Here’s how it works..."

Reference: www.aarp.org
special earnings limit rule (Social Security),

CSRS vs FERS: Bill Would Remove Discriminatory Federal Retiree Annual Increases: Equal COLA Act (H.R. 304)

Title: Bill Would Standardize Federal Retiree Annual Increases, and More

Article Snip: "...The Equal COLA Act (H.R. 304), introduced by Rep. Gerry Connolly, D-Va., would ensure that federal retirees in the Federal Employee Retirement System and the Civil Service Retirement System both receive the same annual percentage cost of living increase each year..."

Reference:
Equal COLA Act (H.R. 304)

4 Critical Federal Retirement Decisions

Title: 4 Critical Federal Retirement Decisions

Article Snip: "...Retirement planning is a series of decisions. Some have minor consequences and some can have a lifelong impact on your financial security. Here are a few examples of critical retirement decisions that can lead to very different outcomes..."

Reference: www.govexec.com

Retirement Planning: How To Get Out Of Debt Before Retirement

Title: Retirement Planning: How To Get Out Of Debt Before Retirement

Article Snip: "...Retiring with debt is often considered a cardinal financial sin: Every dollar you owe reduces your income in retirement, after all. But on the other hand, blindly prioritizing debt reduction before retirement savings, particularly for low-interest debt, could shortchange your nest egg. That’s why people nearing retirement need to weigh the costs and benefits of paying off debt vs. saving for retirement..."

Reference: www.forbes.com
Baby Boomer retirement planning,Retirement Planning Tips,pre-retirement planning,Mortgage Debt,

Social Security and You

Title: Social Security and You

"Some 'real world' questions and answers relating to Social Security"

Reference: www.poncacitynews.com

Is Social Security Income Taxable?

Title: Is Social Security Income Taxable?

Article Snip: "...About 35 percent of Social Security recipients have total incomes high enough to trigger federal income tax on their benefits. To figure out if your benefits will be taxable, you’ll need to add up all of your “provisional income,” which includes..."

Reference: www.theintelligencer.net
Is Social Security Income Taxable?

Social Security, Medicare and Retirement Plan Changes for 2021

Title: Social Security, Medicare and Retirement Plan Changes for 2021

Article Snip: "...From the pandemic to politics and the economy, it’s been a wild year, especially for those near or in retirement. While some uncertainty remains in the outlook for 2021, here’s what you need to know about Social Security, Medicare premiums and retirement plan contributions..."

Reference: www.thestreet.com
social security,Medicare, Retirement, 2021,