Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists

Title: Lowering inflation to the Fed's target would require a deep recession that more than doubles unemployment, say Cleveland Fed economists

Article Snip: "The economists added that for the Fed's stated 2% inflation target to be achieved, the unemployment rate would have to climb to 7.4% for one year. That's more than double the currency jobless rate of 3.4%. "A deep recession," the economists said, "would be necessary to achieve the SEP's projected inflation path. ..."

Reference: businessinsider.com
Inflation, Biden Economy 2023, Unemployment Under Biden, Failed Economic Policies (2023), Recession 2023, Fed's stated 2% inflation target,

Where is your tax money going? Republicans demand oversight of Ukraine funding: Where has the money gone?

Title: Republicans demand oversight of Ukraine funding: Where has the money gone?

Article Snip: "With $113 billion allocated by Congress to help Ukraine in the past year, House Oversight Committee Chair U.S. Rep. James Comer, R-Ky., sent a letter to the Biden administration demanding oversight of how those funds are being spent. “It is critical that government agencies administering these funds ensure they are used for their intended purposes to prevent and reduce the risk of waste, fraud, and abuse,” the letter said."

Reference: justthenews.com
Ukraine funding, Where's the Money, Where is your tax money going?,

Pension vs Savings | How much do i need in savings to draw $2200 per month (which is only $26,400/year)?

Title: How much income can I earn from my savings? | Savings Income Calculator

Article Snip: " You will need $400,000 in savings at 3% interest to withdraw $2,200 monthly for your savings to last 20 years and 3 months. "

Reference: www.bankrate.com
Pension vs Savings, Savings Income Calculator,

Medicaid to Drop 14 Million from Program Under New Rules

Title: Medicaid to Drop 14 Million from Program Under New Rules

Article Snip: "If you get health care coverage through Medicaid, you might be at risk of losing that coverage over the next year. as states begin checking everyone's eligibility for Medicaid for the first time in three years, as many as 14 million people could lose access to that health care coverage. A look at why so many people may no longer qualify for the Medicaid program over the next year and what you need to know if you're one of those people..."

Reference: www.newsmax.com
Medicaid,

5 insurance changes to make when you retire

Title: 5 insurance changes to make when you retire

Article Snip: "retirement is a good time to look closely at your insurance coverage. ...
● Tell your car insurance agent or company you’re no longer commuting. Driving fewer miles may reduce your car insurance rates.
● Take a defensive driving course. Most states and the District of Columbia require car insurers to give discounted rates to older adults, usually ages 55 and up, who complete these classes. AARP and...
"

Reference: www.usatoday.com
Defensive Driving Course, Discounts on Auto Insurance, Insurance,

H.R. 866 | Equal COLA Act | Please write or call your congressional rep to cosponser this Act please

H.R. 866 | Equal COLA Act

Snippet of Article: "H.R. 866: To amend title 5, United States Code, to achieve parity between the cost-of-living adjustment with respect to an annuity under the Federal Employees Retirement System and an annuity under the Civil Service Retirement System, and for other purposes. ...Call or write congress on H.R. 866"

Source: www.govtrack.us

H.R. 866

Ways to Avoid the Penalty on Early Retirement Withdrawals

Title: Ways to Avoid the Penalty on Early Retirement Withdrawals

Article Snip: "...Sometimes you just can’t avoid dipping into a retirement fund, but you might be able to qualify for an exception to the 10% tax penalty. ..."

Reference: www.kiplinger.com
Early Retirement Withdrawals

50 Fun Things To Do When Retired And Single

Title: 50 Fun Things To Do When Retired And Single

Article Snip: "Find A Date: You’re single. Why not go on a date? Or try to find your perfect match. If you have an eye on someone, ask them out for a cup of coffee, walk around the block, or go out to dinner. If you would like to date but don’t know where to find someone. You can check out eHarmony. The leading dating site for seniors....Redecorate Your Home...Order Gourmet Meals...Get Into Gardening...Get A Robot Pet...Perform A Random Act Of Kindness...Go Back To School... Relax And Do Nothing...At Cratejoy you can get a monthly subscription to a fun cocktail box. ...Join A Club...Give Yourself A Retirement Gift...Date Yourself..."

Reference: retirementtipsandtricks.com
Retired And Single, leading dating site for seniors,seniors dating service,mature dating,

The 5 Lessons I Learned During My First 5 Years Of Retirement

Title: The 5 Lessons I Learned During My First 5 Years Of Retirement

Article Snip: "...I quickly realized that retirement and work are like vinegar and oil for me: They do not mix. I thought about volunteering but, being honest with myself, I have resisted, knowing I would feel some hesitation and obligation, which is the antithesis of my idea of retirement. ..."

Reference: www.travelawaits.com
Retirement Tips,

‘This is not the retirement I envisioned.’ How retirees are getting hit by inflation

Title: ‘This is not the retirement I envisioned.’ How retirees are getting hit by inflation

Article Snip: "One common refrain was the shock of dealing with the huge jump in food prices – especially on meat, fruits and vegetables. Food prices have seen their largest annual increase in 41 years. And the cost of groceries jumped 10.8% between April 2021 and April 2022. But of course, inflation’s reach goes far beyond the supermarket. Here’s how these retirees say they are coping...her rent will be increased by $200 a month – a 14% jump...Her expectations for retirement were very different than her present reality. “I didn’t expect the level of stress financially. I truly didn’t. I worked for 50 years. ...electricity and natural gas commonly used for heating and cooling homes, was up 30.3% year-over-year. Plans to buy a new car are also tabled. “The starting price for a new Jeep is $15,000 more than my house cost..."

Reference: www.cnn.com
Inflation 2023, Retirees vs Inflation,Destruction of Retirees,

Estimated Average Monthly Social Security Benefits Payable in January 2023 | SSA.GOV

Title: Estimated Average Monthly Social Security Benefits Payable in January 2023 | SSA.GOV

Article Snip: "All Retired Workers $1827, Aged Couple, Both Receiving Benefits $2,972, All Disabled Workers $1,483, ..."

Reference: www.ssa.gov
Average Monthly Social Security Benefits Payable in January 2023

15 Best Places To Live on Only a Social Security Check

Title: 15 Best Places To Live on Only a Social Security Check

Article Snip: "...with an average monthly benefit of just $1,827 as of Jan. 2023, Social Security doesn’t provide nearly enough income for retirees ..."

Reference: www.gobankingrates.com
Average Social Security Benefit for 2023 is just $1,827, Best Places To Live on Only a Social Security Check,

Where are the best non-woke-joke places to retire? Oh, nevermind they own search and media so we can't find any

Title: Where are the best non-woke places to retire? Oh, nevermind they own search and media so we can't find any

Article Snip: "Oh, nevermind they own search and media so we can't find any. Although we all know that Florida is the number 1 best place to retire if you are simply a MAN or WOMAN that has worked hard and want to retire in a free state with a governor that protects the constitution and civil rights ."

Reference: Federal Retirement News
Where are the best non-woke-joke places to retire?

The 33 Best Retirement Blogs On The Planet

Title: The 33 Best Retirement Blogs On The Planet

Article Snip: "...the 33 best retirement blogs on the planet that’s created and run by retirees, for retirees. From financial advice and earning in retirement, to retirement lifestyle, travel, and just pure entertainment..."

Reference: 4retirees.com

This Is How to Properly Pay Yourself in Retirement

Title: This Is How to Properly Pay Yourself in Retirement

Article Snip: "Suze Orman says there are six things you should do. ...Why wait? Suze Orman, financial guru, tweeted six tips from her Ultimate Retirement Guide for how to properly pay yourself in retirement. Check out how you can prepare for the next step in your financial life right now. ..."

Reference: www.fool.com
Ultimate Retirement Guide

OPM | Get Your OPM Tax Documents (2023)

Title: OPM | Get Your OPM Tax Documents (2023)

Article Snip: "Learn how to view, download, print, or request by mail your annual 1099-R tax form. "

Reference: www.opm.gov
OPM Tax Documents (2023), 1099-R tax form,

REPORT ON THE STATE OF THE UNION DELIVERED TO A JOINT SESSION OF CONGRESS ON FEBRUARY 7, 2023--PM 1

Text Version: REPORT ON THE STATE OF THE UNION DELIVERED TO A JOINT SESSION OF CONGRESS ON FEBRUARY 7, 2023--PM 1

The PRESIDING OFFICER laid before the Senate the following message from the President of the United States which was which was ordered to lie on the table:

To the Congress of the United States:
Mr. Speaker. Madam Vice President. Our First Lady and Second Gentleman. Members of Congress and the Cabinet. Leaders of our military. Mr. Chief Justice, Associate Justices, and retired Justices of the Supreme Court. And you, my fellow Americans.
READ IN FULL

LISTEN

Source: www.congress.gov

REPORT ON THE STATE OF THE UNION DELIVERED TO A JOINT SESSION OF CONGRESS ON FEBRUARY 7 2023--PM 1

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Chinese Spy Balloon May Be Watching Our Cellphone Traffic: Ex-U.S. Colonel

Title: Chinese Spy Balloon May Be Watching Our Cellphone Traffic: Ex-U.S. Colonel

Article Snip: "Chinese spy balloon...monitoring cellphone traffic in the U.S. . In other words, they're looking at our cellphone traffic, our radio traffic." gathering information on U.S. communication systems and radar...President Joe Biden decided against shooting down the balloon..."

Reference: www.newsweek.com
Spy Balloon (China),debt ceiling,Missile Defense Program Useless in Protecting U.S. Airspace, Man in the Middle Attacks (China), Cell Phone Breaches, Wasted Tax Money, Taxes,

The 'Ice Cream Chronicles' | Biden Changes Like a Chameleon Depending on What's Most Advantageous for HIM at the moment

Biden’s fixation on cutting Social Security dates back to the Reagan era

Article Excerpt: "...“I tried with Senator Grassley back in the 1980s to freeze all government spending, including Social Security, including everything,” Biden said in 1995. ...“When I argued that we should freeze federal spending, I meant Social Security as well,” he told the Senate in 1995. “I meant Medicare and Medicaid. I meant veterans’ benefits. I meant every single solitary thing in the government. And I not only tried it once, I tried it twice, I tried it a third time, and I tried it a fourth time.” (A freeze would have reduced the amount that would be paid out, cutting the program’s benefit.)" ...Biden himself, at least on his campaign website, now supports making Social Security more generous, not less. But that’s at odds with decades of his own advocacy, a record that could become a major political liability

Resource: theintercept.com

Biden’s fixation on cutting Social Security, Social Security Cut Quotes from Biden,

Rules to Get Credits for New Clean Vehicles Purchased in 2023 or After

Title: Credits for New Clean Vehicles Purchased in 2023 or After

Article Snip: "...You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years. ...You will need to provide your vehicle's VIN."

Reference: www.irs.gov
EV tax break rules,

Does the FERS special retirement supplement ever increase?

Title: Does the FERS special retirement supplement ever increase?

Article Snip: "...It’s set at the amount of Social Security benefit you earned while a FERS employee. The SRS is paid out of the Civil Service Retirement and Disability Fund because you haven’t yet reached the minimum Social Security retirement age. When you reach age 62, the SRS will..."

Reference: www.federaltimes.com
FERS special retirement supplement (SRS)