USPS Announces Voluntary Early Out Retirement (VERA)

Title: USPS Announces Voluntary Early Out Retirement (VERA)

Article Snip: "...This letter was received with no advance notification to the union or negotiations with the APWU over who the VERA applied to and under what conditions. The APWU immediately initiated information requests to USPS management regarding this VERA and demands for bargaining over its scope and impact..."

Reference: www.apwu.org
Voluntary Early Retirement (2018),

The Social Security cost-of-living increase is a cruel fraud

Title: The Social Security cost-of-living increase is a cruel fraud

Article Snip: "...Today, it’s not so great. The tiny Social Security increase that will be bestowed on retirees and the elderly in January is a cruel fraud perpetrated by the government. That's because increases in Medicare Part B and Part D insurance premiums will negate all of the Social Security 2% cost of living increase for many recipients. Instead of staying even, we’ll fall behind..."

Reference: www.latimes.com

The 4 Least Tax-Friendly States for Social Security Recipients

Title: The 4 Least Tax-Friendly States for Social Security Recipients

Article Snip: "...A second tier was added in 1993 under the Clinton administration that exposed 85% of Social Security benefits to federal taxation for individual earnings above $34,000, and couples filing jointly in excess of $44,000. When first introduced, this tax affected around one out of 10 households. As of 2015, it affected 56%, according to The Senior Citizens League..."

Reference: www.fool.com

Navigating federal retirement paperwork

Title: Tammy Flanagan: Navigating federal retirement paperwork

Article Snip: "...In the federal government, nothing happens until you fill out a form. That's certainly true of retirement, a topic on quite a few federal minds these days. With a rundown on the paperwork you need to keep in mind, federal retirement expert Tammy Flanagan..."

Reference: www.podcastone.com

50-something feds dodge TSP tax bullet

Title: 50-something feds dodge TSP tax bullet

Article Snip: "...Federal workers who are 50 and older (and those who aspire to someday reach that it’s-not-as-bad-as-it-sounds age bracket), dodged a big bullet last week in the pending tax bill worked up by the Senate. Sen. Orrin Hatch (R-Utah) proposed, then withdrew language that would have eliminated the..."

Reference: federalnewsradio.com

2018 Medicare changes will erase Social Security COLAs for many

Title: 2018 Medicare changes will erase Social Security COLAs for many

Article Snip: "...Average Social Security benefits for retired workers will increase $27 per month to $1,404 per month in 2018, up from $1,377 this year. As a result, higher Medicare premiums will virtually wipe out any increase in Social Security benefits for many retirees next year..."

Reference: www.investmentnews.com
Medicare, Social Security COLA 2018,

Open Season Changes and the Five Year Rule

Title: Open Season Changes and the Five Year Rule

Article Snip: "...If you have not been covered under FEHB for most of your career, but want to be able to carry it into retirement, you might be planning on enrolling in FEHB five years before the year in which you plan to retire. The coverage must be for a full five years, so you need to be aware of when your FEHB enrollment becomes effective. Many people choose to retire on December 31st, but FEHB coverage is rarely effective on that date..."

Reference: www.fedsmith.com
Five Year Rule

Get A Bigger Monthly Social Security Check

Title: Get A Bigger Monthly Social Security Check

Article Snip: "...Should you take benefits early at 62? At normal retirement age? Or delay until 70? Here’s how to decide..."

Reference: www.forbes.com

The Advantages of Advance Funeral Planning

Title: The Advantages of Advance Funeral Planning

Article Snip: "...What you can do to help your heirs? Specify what final arrangements you’d like and make sure your family knows your wishes. Pre-paying for a burial plot may save money in the long run, as you’ll avoid future price increases..."

Reference: www.fedweek.com
Funeral Expenses,

2% COLA for Federal Retirees in 2018

Title: 2% COLA for Federal Retirees in 2018

Article Snip: "...COLA for federal annuities is determined in reference to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is calculated by economists and statisticians with the Bureau of Labor Statistics (BLS). The CPI-W is the current index used for measuring increases in the prices of consumer goods such as food and beverages, housing, clothing, and gasoline..."

Reference: www.fedsmith.com
2018 Federal Retiree COLA, COLA,

Worried about possible retirement changes? 3 pieces of advice from a federal financial planner

Title: Worried about possible retirement changes? 3 pieces of advice from a federal financial planner

Article Snip: "...Yet with roughly 45 percent of current TSP investments in the low-return, low-risk G fund, many federal employees are missing an opportunity to invest more heavily in higher-risk funds that may offer a higher return, Klingler said. “In most cases, investing 100 percent of your money in the G fund is not the best choice,” he said. “When you hear the word ‘risk,’ a lot of people think zero risk is the best. That’s not the case. In most cases, you want to have risk, because with risk, comes reward. You want to have the appropriate level of risk that matches your risk tolerance and your investment time horizon..."

Reference: federalnewsradio.com
TSP, Federal Employees Retirement System (FERS), G Fund, Risk and retirement,

80 Percent Rule for Retirement

Title: 80 Percent Rule for Retirement

Article Snip: "...The “80% Rule” is a good guideline for those a long way from retiring who want to, at a minimum, retain the standard of living they had before retirement. Many financial planners suggest that 80% of your pre-retirement income will give you a retirement standard of living that is substantially similar to your pre-retirement standard of living. This is based on three assumptions: First, you will not be paying payroll taxes (Social Security and Medicare) or making pension contributions (CSRS or FERS). For most federal employees, these mandatory taxes and contributions take 8.45% ..."

Reference: www.fedweek.com
TSP, Retirement, CSRS vs FERS, Social Security,

A website for retired or retiring USPS employees

Title: A website for retired or retiring USPS employees

A site for retired USPS employees or those about to retire.

Reference: www.keepingposted.org

One Of The Longest-Serving Postal Workers Retires After 60 Years

Title: One Of The Longest-Serving Postal Workers Retires After 60 Years

Article Snip: "... after 60 years on the job – one of the longest-serving postal workers in history. 83-year-old Garland Gralow remembers the day he was hired. “Could you start tomorrow? – just like that – yeah okay,” Gralow remembered..."

Reference: chicago.cbslocal.com
CSRS,

Republicans offer a big slap in the face to future and present federal retirees, FERS to take biggest hit

Title: Trump’s budget calls for hits on federal employee retirement programs

Article Snip: "...Increase Federal Employee Retirement System (FERS) contributions from workers by 1 percentage point each year until they equal the government’s contribution. This would take five to six years and would result in increased out-of-pocket payments of about 6 percent over that period...Eliminate supplement payments for FERS employees who retire beginning in 2018. The supplement approximates the value of Social Security benefits for those who retire before age 62..."

Reference: www.washingtonpost.com

Presidential Pensions and Other Income: Obama’s Speaking Fees Call Presidential Pension into Question

Title: Obama’s Speaking Fees Call Presidential Pension into Question

Article Snip: "...The House Oversight and Government Reform Committee chairman says he will re-introduce legislation to limit how much former presidents receive from the federal government..."

Reference: www.snopes.com
Presidential Pension

How to Cut Your Tax Bill on Your Federal Retirement Income

Title: How to Cut Your Tax Bill on Your Federal Retirement Income

Article Snip: "...This article will be of more interest to retirees than it will to current federal employees, however, if you’re close to retirement, you will pick up some helpful information if you read it..."

Reference:www.fedsmith.com

Almost 33% of American Workers Have Saved Nothing for Retirement

Title: The Top 7 Reasons Almost 33% of American Workers Have Saved Nothing for Retirement

Article Snip: "...There are many reasons people do (or don’t do) the things they should. According to GoBankingRates.com, almost 33% of American workers have saved nothing for retirement. That is an astounding statistic and spells trouble for the entire economy down the road..."

Reference: forextv.com

A federal employee retirement plan is a good model for better retirement saving

Title: A federal employee retirement plan is a good model for better retirement saving

Article Snip: "...The TSP offers a “target date” investing approach in which the plan automatically shifts federal employees’ savings from stock to bond funds as they approach retirement. And at retirement, the TSP offers annuities that let workers convert their lump sum savings into a monthly benefit that last for life. What’s not to like? A lot, according to Joanne Butler, a former House Ways and Means Committee staff ..."

Reference: www.aei.org

Social Security: Get your special extra earnings for periods of military active duty from 1957 through 2001

Title: Military Service and Social Security

Article Snip: "...Under certain circumstances, special extra earnings for periods of active duty from 1957 through 2001 can also be credited to your Social Security earnings record.
• From 1957 through 1967, we will add the extra credits to your record when you apply for Social Security benefits.
• From 1968 through 2001, you don’t need to do anything to receive these extra credits. The credits were automatically added to your record.
• After 2001, there are no special extra earnings credits for military service.
The information that follows explains how you can get credit for special extra earnings and applies only to active duty military service earnings from 1957 through 2001..."

Reference: www.ssa.gov
extra earnings for periods of military active duty (Social Security),