Planning an affordable retirement

Title: Planning for the lean and mean retirement

Article Snip: "...Americans have some significant challenges to overcome if we want to be able to afford and enjoy our retirement years. As a result..."

Reference: www.cbsnews.com

Social Security Annual Cost of Living Increase

Title: Just Explain It: Maximizing Your Social Security Retirement Benefits

Article Snip: "...According to the Social Security Administration, the average single beneficiary will get $21 more each month – $34 for couples. It’s not much to begin with, and some of that extra cash could end up going to things like higher Medicare premiums or just groceries...."

Reference: finance.yahoo.com

Taking Social Security Too Early Can Cause Poverty in Old Age

Title: One Recession Cost Is Lower Social Security Benefits

Article Snip: "...Catherine Rampell of The New York Times reported on the economic difficulties of those in their 50s and early 60s suffering from high unemployment and decimation of their retirement savings by the recession. Many will be forced to take Social Security benefits as soon as they turn age 62. Unfortunately, they may be risking unnecessary poverty in old age as a consequence...."

Reference: nytimes.com

First year rule: special retirement supplement

Title: First year rule

Article Snip: "...if you exceed the special retirement supplement earnings limit for the year you retire, you will not be eligible for the special retirement supplement for the rest of that year..."

Reference: federaltimes.com
First year rule, special retirement supplement,

How to calculate your Special retirement supplement

Title: Special retirement supplement calculation

Article Snip: "...how will you calculate the special retirement supplement?..."

Reference: federaltimes.com
Special retirement supplement calculation

What can retired federal employees expect in year ahead

Title: The Year Ahead: What Federal Employees and Retirees Can Expect

Article Snip: "...good news for 2013 (retirees received a COLA and current employee's future retirement benefits have remained largely unaffected) ..."

Reference: www.federalnewsradio.com

Social Security has, again placed on the chopping block

Title: Social Security: What Is At Stake? Why Now?

Article Snip: "...For the second time in little over a year, the Obama Administration has made a preemptive offer to change the formula for adjusting Social Security's Cost of Living Adjustment formula (COLAs) as part of a "Grand Bargain...."

Reference: www.huffingtonpost.com

Social Security and Medicare cuts being pushed

Title: Social Security and Medicare trim would squeeze retirees

Article Snip: "...Republican leaders have made clear that their price for swallowing higher tax rates for wealthy Americans is an agreement by President Barack Obama and fellow Democrats to scale back the growth of Medicare and Social Security, which serve more than 3.5 million recipients in Florida...."

Reference: sun-sentinel.com

Some standing strong against attacks on Social Security/Medicare

Title: Pelosi Takes Hardest Line Against Raising Medicare Eligibility Age

Article Snip: "...“As I have said, don’t even think about raising Medicare age,” Pelosi said. “We are not throwing America’s seniors over the cliff to give a tax cuts to the wealthiest people in America.”..."

Reference: talkingpointsmemo.com

Sequestration and Retirement Buyouts

Title: Federal worker Q&A guide to the fiscal cliff: Ten answers on jobs, cuts and more

Article Snip: "...Early retirement offers allow employees to retire at any age with 25 years of service, or with at least 20 years of service at age 50 or above. That’s earlier than under standard federal retirement eligibility combinations. In some circumstances, retirement benefits are reduced, which discourages employees from taking such offers...."

Reference: www.washingtonpost.com

Federal Employment Retirement Wave Expected in January

Title: OPM anticipates wave of federal retirement claims in January

Article Snip: "...an anticipated wave of applications — 21,000 — in January, typically a popular time for federal employees to retire...."

Reference: www.bizjournals.com

Medicare Part B vs federal retiree plan

Title: Which is better, a federal retiree plan or Medicare Part B?

Article Snip: "...I could sign up for Medicare Part B but I’m not sure I need it because my husband is a retired federal employee and we plan on maintaining his FEHB Blue Cross-Blue Shield coverage. On the other hand, our friends say that Part B helps with out-of -pocket expenses. Which is a better choice for us?..."

Reference: consumerreports.org
Medicare Part B

Erosion of federal employee pay and benefits causing retirement exodus

Title: Federal retirements spike as baby boomers retire, economy stabilizes

Article Snip: "...William R. Dougan, president of the National Federation of Federal Employees, blamed what he called the "exodus" in part on "legislative attacks" by Congress that he said threaten to erode pay and benefits. Dougan, whose union represents 110,000 federal employees, said many experienced workers would rather leave now than risk reductions to a retirement package they have banked on, he said...."

Reference: baltimoresun.com

Obama and several lawmakers support making feds pay more for defined retirement benefit

Title: Will Budget Deal Target Federal Pay and Benefits?

Article Snip: "...Simpson-Bowles recommended creating a task force to look at changing the pension system for feds and eligible retired service members. One possibility the commission suggests is increasing the amount feds contribute to their pensions. It’s worth noting that Obama and several lawmakers also support making feds pay more for their defined retirement benefit...."

Reference: www.govexec.com

Don't make these Social Security retirement mistakes

Title: Four Costly Mistakes that Retirees Make about Social Security

Article Snip: "...Claiming reduced benefits early is just one of the four biggest mistakes that many retirees make regarding Social Security benefits. The others include..."

Reference: www.investmentnews.com

Listen: Do not cut Social Security or Medicare

Title: Bernie Sanders, Progressive Senators Pressure Obama Not To Cut Social Security

Article Snip: "...A group of progressive lawmakers led by Sen. Bernie Sanders (I-Vt.) on Thursday called for protecting Social Security and Medicare benefits in any deficit reduction deal. ..."

Reference: www.huffingtonpost.com

Federal Employees not represented in White House talks?

Title: White House talks don’t include federal labor leaders

Article Snip: "...No one whose prime responsibility is to look out for the federal workforce was there, even though it is only federal workers who so far have been targeted in deficit reduction. And they could be called on to sacrifice more. ..."

Reference: www.washingtonpost.com

Opinion: Post drive to cut Medicare and Social Security

Title: Post in Hyper Drive on Effort to Cut Social Security and Medicare

Article Snip: "...The Washington Post is throwing all journalistic norms aside in its drive to cut Social Security and Medicare...."

Reference: www.businessinsider.com

Federal retiree TSP and pension information you should consider

Title: Federal retirees with pensions should keep some liquid assets

Article Snip: "...Your Thrift Savings Plan assets are what many call “the third leg” of retirement security: liquid financial assets that supplement your Social Security and pension income. You are entirely correct in your concern about converting your TSP assets..."

Reference: www.dallasnews.com

2013 COLA lowest since the 1970s

Title: Staying Educated on Social Security’s COLA Increase

Article Snip: "...known as COLA. This increase of 1.7 percent is the lowest increase since the 1970s, and will take effect in January of 2013..."

Reference: tellmenews.com
2013 COLA increase, 2013 Social Security COLA,