For Feds, Net Worth Is More Important Than Income

Title: For Feds, Net Worth Is More Important Than Income

Article Snip: "...Here are three big reasons why you should focus on your net worth more than your income..."

Reference: www.govexec.com
Net Worth vs Income, TSP, Mortgage Debt,Retirement Debt,

Special Government Help for Your Retirement

20+ Government programs for older people that you may not know about

Title: Special Government Help for Your Retirement

Article Snip: "...government programs are also available, but many older citizens do not participate for a variety of reasons, including lack of knowledge about available programs and the complexity of the application process.3  Read on to learn about what's available, who qualifies, and how to obtain help along with information..."

Reference: www.investopedia.com

When retirement is more valuable than disability compensation

Title: When retirement is more valuable than disability compensation

Article Snip: "...Payments under the Federal Employees' Compensation Act are generally higher, but some disability recipients may get more out of switching to the retirement benefit program..."

Reference: www.federaltimes.com
disability vs retirement

You can work while collecting Social Security but there are limits if you earn more than $18,240 a year

Title: You can work while collecting Social Security but there are limits if you earn more than $18,240 a year

Article Snip: "...Meanwhile, an estimated 88% of nonretirees polled by Gallup believe they'll need their Social Security income to help make ends meet in retirement. This 88% figure marks an all-time high since this annual poll began in 2001..."

Reference: www.usatoday.com

How a Roth IRA Could Help You Keep More of Your Social Security Benefits

Title: How a Roth IRA Could Help You Keep More of Your Social Security Benefits

Article Snip: "...One significant advantage of investing in a Roth IRA is that your withdrawals in retirement are tax-free. But Roth IRAs offer another tax perk that could help you keep more of your Social Security benefits..."

Reference: starherald.com
ROTH

Biden vs. Trump: Where the Presidential Candidates Stand on Social Security

Title: Biden vs. Trump: Where the Presidential Candidates Stand on Social Security

Article Snip: "...Biden's overall plan includes some provisions that would boost Social Security benefits in many cases, but it would come at the cost of additional taxes. Meanwhile, Trump hasn't taken Social Security head-on as an issue..."

Reference: www.msn.com

A Strange Social Security Rule Puts Today's 60-Year-Olds at a Big Disadvantage. Lawmakers Are Working to Change That.

When it comes to Social Security, 2020 is a bad year to turn 60.

Title: A Strange Social Security Rule Puts Today's 60-Year-Olds at a Big Disadvantage. Lawmakers Are Working to Change That.

Article Snip: "...As a result, seniors who turn 60 in 2020 will be in line for a much lower benefit during retirement than those who turned 60 just a year ago. That is, unless lawmakers intervene. Will today's 60-year-olds be spared a reduction in benefits? A couple of bills have been introduced to adjust the formula used to calculate Social Security benefits, thereby saving today's 60-year-olds from a lower monthly benefit for life. The Social Security COVID Correction and Equity Act..."

Reference: www.fool.com
social security, H.R. 7499: Social Security COVID Correction and Equity Act,

When might the IRS be sending the second stimulus check?

Title: When might the IRS be sending the second stimulus check?

Article Snip: "...After Senate Republicans present CARES 2 on Monday, members will begin the work of finding common ground with Congressional Democrats on who will be eligible for the second payment, how big the next stimulus check should be, and when the IRS would start sending out the money once approved. Treasury Secretary Steven Mnuchin offered a clue..."

Reference:
Stimulus Check 2,

5 Tips For The Millions Of Singles Heading Into Retirement Solo

Title: 5 Tips For The Millions Of Singles Heading Into Retirement Solo

Article Snip: "...Retiring single or without children has its advantages and disadvantages. With a little extra planning, you can have a fun and fabulous retirement. With some proactive advice, your retirement can be even happier, healthier and wealthier..."

Reference: www.forbes.com
Federal Retiree Singles, Senior singles,

Can creditors take your Social Security?

Title: Can creditors take your Social Security?

Article Snip: "...Unfortunately, defaulted debts can lead to a host of problems, including credit damage, lawsuits and sometimes even wage garnishment. But can a creditor take your Social Security if they’re collecting on past-due debts?..."

Reference: www.msn.com
social security,

Should I Stop Funding My Retirement Savings Because of COVID-19?

Title: Should I Stop Funding My Retirement Savings Because of COVID-19?

Article Snip: "...Tempting as it may be to scale back on contributions, you should try your best to continue funding your 401(k) or IRA..."

Reference: www.fool.com

These are the 13 states that might tax your Social Security benefit

Title: These are the 13 states that might tax your Social Security benefit

Article Snip: "...the tax buck doesn't stop with Uncle Sam. Believe it or not, 13 states also tax Social Security benefits to some varied degree. Listed in alphabetical order, these states may take an additional bite out of your Social Security income, if given the opportunity..."

Reference: www.usatoday.com
social security, Taxes in Retirement,

Retirees: How to Protect Your Portfolio in a Market Crash

Title: Retirees: How to Protect Your Portfolio in a Market Crash

Article Snip: "...futures were down again at the time of this writing. The coronavirus outbreak still poses a major risk to global growth that is almost impossible to adequately prepare for...ways in which retirees and those nearing retirement can protect themselves in these turbulent times..."

Reference: www.msn.com
CoronaCrash (Feb. 24 2020 Coronavirus Market Crash), Market Crash 2020,

A look at what happens when stocks enter a bear market

Title: A look at what happens when stocks enter a bear market

Article Snip: "...All told, the Dow fell 1,464.94 points Wednesday to 23,553.22. That's 20.3% below its record close of 29,551.42 on Feb. 12. The S&P 500 index slid 140.85 points to 2,741.38. It's now down 19% from its high of 3,386.15 on Feb. 19..."

Reference: www.daytondailynews.com
C Fund, S&P 500, CoronaCrash (Feb. 24 2020 Coronavirus Market Crash), Crude Oil Crash of 2020,

Coronavirus fears shouldn't stop you from investing in stocks and adding to your 401(k)

Title: Coronavirus fears shouldn't stop you from investing in stocks and adding to your 401(k)

Article Snip: "...deadly coronavirus in China shape your 401(k) in 2020? A significant rise in virus cases on Monday renewed concerns about an economic fallout from the outbreak, sending the Dow Jones industrial average tumbling nearly 900 points. Wall Street professionals who manage money have advised clients to stay the course..."

Reference: www.usatoday.com
Coronavirus, CoronaCrash (Feb. 24 2020 Coronavirus Market Crash),

Trump on Entitlement Cuts: “At some point they will be” on his agenda

Title: Trump suggests he may be open to entitlement cuts in future

Article Snip: "... Asked if entitlement cuts would ever be on his agenda, Trump responded, “At some point they will be.” As a candidate for the White House, Trump stood apart from much of the GOP primary field as he vowed to oppose cuts to Social Security and Medicare..."

Reference: abcnews.go.com
social security, Medicare, destruction of the American working class, Raping the Middle Class, Cuts to Social Security,

If you don't know these 3 things about your 401(k), you're losing out

Title: If you don't know these 3 things about your 401(k), you're losing out

Article Snip: "...If you fund a traditional 401(k), the money you contribute is made with pre-tax dollars, which means you immediately shield income from the IRS. That could translate to some huge savings. For example, if you're under 50 and max out your 401(k) this year at $19,000, and you're in the 24% tax bracket, that means you effectively shave $4,5..."

Reference: www.usatoday.com

Can this civil service retiree get Social Security benefits?

Title: Can this civil service retiree get Social Security benefits?

Article Snip: "...currently retired from United States Postal Service under Civil Service, so I didn’t pay into Social Security the whole time. I did before that job, and I’m four credits short for Social Security. However, my wife collects on disability. Can I possibly get my credits through her?..."

Reference: www.nj.com
CSRS and Social Security,

TSP Two-step authentication mandatory before the end of 2019

Title: TSP Two-step authentication mandatory before the end of 2019

Article Snip: "...You can avoid interruption to your account access by adding these security features in your My Account Profile Settings now..."

Reference: www.tsp.gov
Thrift Savings Plan (TSP), Two-Step Authentication Requirement (TSP),

Best City to Live in Every State

Title: Best City to Live in Every State

Article Snip: "...The majority of the cities on this list are relatively wealthy. Valley, Alabama is an exception. The typical household in Valley earns just $39,387 a year, about $5,000 less than the typical Alabama household. Still, serious financial hardship is less common in Valley than in Alabama as a whole as 15.7% of area residents live below the poverty line, well below the 18.4% state poverty rate. Valley residents also benefit from a low cost of living as goods and services are about 6% less expensive in the city than they are nationwide on average. Valley is a pilot city for the Alabama Communities of Excellence program, a non-profit that partners with governments, businesses, and universities to prepare participating communities for a more vibrant future..."

Reference: 247wallst.com