Thursday, January 27, 2022

Baby Boomer Retirements Outpace Predictions

Title: Baby Boomer Retirements Outpace Predictions

Article Snip: "...Retirees are a significant fraction of the population, as U.S. population growth has slowed and Baby Boomers (those born between 1946 through 1964) are currently retiring. Finally, a significant number of people who had not planned to retire in 2020 may have retired anyway because of the dangers to their health or due to rising asset values that made retirement feasible. This essay provides a back-of-the-envelope estimate of the number of "COVID-19 retirements..."

Reference: stlouisfed.org


Saturday, January 22, 2022

Social Security offices, closed in the pandemic, are expected to reopen in March.

Title: Social Security offices, closed in the pandemic, are expected to reopen in March.

Article Snip: "...The national network of Social Security customer service offices, which were closed nearly two years ago at the start of the pandemic, is on track to reopen on ..."

Reference: www.nytimes.com


When Should a Federal Employee Apply for Social Security Benefits?

Title: When Should a Federal Employee Apply for Social Security Benefits?

Article Snip: "...wonder if they will reach their life expectancy. This group firmly believes that a bird in the hand is worth two in the bush. Although 62 year olds are rarely called young..."

Reference: www.fedweek.com


Friday, January 14, 2022

No More Surprise Medical Bills: 5 Things To Know about the No Surprises Act Taking Effect

  No More Surprise Medical Bills: 5 Things To Know about the No Surprises Act Taking Effect in 2022

New Year. New Law. Beginning January 1, 2022, new federal protections will shield millions of consumers from surprise medical bills. Surprise medical bills – unexpected bills from an out-of-network provider, out-of-network facility or out-of-network air ambulance provider – is common among those with private insurance. Nearly one in five patients who go to the emergency room, have an elective surgery, or give birth in a hospital receive surprise bills, with average costs ranging from $750 to $2,600 per episode. Learn about how the No Surprises Act can protect you from surprise medical billing. U.S. Department of Health and Human Services

Reference: https://www.hhs.gov/

Tuesday, January 11, 2022

Why is My 2022 COLA Less Than I Was Expecting?

Title: Why is My 2022 COLA Less Than I Was Expecting?

Article Snip: "...My FERS annuity with the 2022 COLA is increasing less than 4.9% in January. Why is that?..."

Reference: www.fedsmith.com


Sunday, January 9, 2022

You’re Retired and Like to Be Alone. Is It a Problem if You Self-Isolate?

Title: You’re Retired and Like to Be Alone. Is It a Problem if You Self-Isolate?

Article Snip: "...“Loners have gotten a bad rap,” said Katharine Esty, Ph.D., a retired psychotherapist in Concord, Mass. “There’s nothing bad about doing things alone. It only becomes unhealthy when people become lonely, which is different.” She describes loneliness as feeling subjectively unhappy with your relationships or lack thereof. Someone who embraces solitude—and keeps busy and stimulated by fulfilling activities—can spend most of their time alone but never experience the distress of loneliness. ..."

Reference: www.barrons.com


Running from Biden states...

Title: Everyone Is Moving to Florida. What That Means for Financial Advisors and Their Clients.

Article Snip: "...“Jacksonville, Orlando, Sarasota—you can name any market in Florida, and it’s one wealth managers want to be in,” says Thomas Carroll, president of the firm that manages more than $9 billion and is among . In..."

Reference: www.barrons.com


Your ex-spouse could inherit your money. How to avoid this and other estate-planning mistakes

Title: Your ex-spouse could inherit your money. How to avoid this and other estate-planning mistakes

Article Snip: "...there are ways your ex could inadvertently inherit your money if you’re not careful. ..."

Reference: www.cnbc.com


Wednesday, January 5, 2022

Southern Conservative States Rank Best Overall for Retirees

Title: The best and worst states for retirement 2021

Article Snip: "...Georgia 1, Florida 2, Tennessee 3..."

Reference: www.bankrate.com
Top Three States for Retirees


Tuesday, January 4, 2022

Tips for Getting the Most Out of Your Retirement Benefits

Title: Tips for Getting the Most Out of Your Retirement Benefits

Article Snip: "...many federal employees plan their transition from employee to annuitant. Let’s take a look at various federal retirement benefits to highlight an important feature or recent update and a pro tip to help you maximize each benefit. ..."

Reference: www.govexec.com