...providing retirement news snippets from various sources for federal employees, postal employees, seniors, veterans, and people with disabilities who receive Social Security . Your resource for retirement living, investment, employment, health care, and retirement leisure. - Stay Informed!
Title: What Is the Average Retirement Income in 2021 and How Do You Compare?
Article Snip: "...The U.S. Census Bureau reports the average retirement income for Americans over 65 years of age as both a median and a mean. In the most recent data from 2019, the figures were as follows: Median retirement income: $47,357 Mean retirement income: $73,288 ..."
Reference: www.personalcapital.comTitle: 20 Ways To Pay Less at Costco
Article Snip: "...One of the best ways to save money on groceries when shopping at Costco is to buy meat in bulk. You can portion it out and freeze it for later use. So, the next time you shop at the retailer, you'll save money on food...."
Reference: www.gobankingrates.comArticle Snip: "...If you don’t use coupons, you’re spending way more than you should. These tips will turn your next shopping trip into a savings extravaganza...."
Reference: Readers DigestTitle: Experts warn retirees to plan for higher inflation
Article Snip: "...Financial advisers are recommending retirees adopt investments that protect against inflation as rising living costs put ..."
Reference: www.morningstar.comTitle: ‘This is a tough time to be on a fixed income’—the grim inflation outlook and what retirees can do
Article Snip: "...The nonpartisan Senior Citizens League received more than 200 emails recently “with many retired and disabled senders describing the dire situations they face as rapidly rising inflation makes it impossible to pay the bills,” the group said in a statement. “This is a tough time to be on a fixed income,” said Lisa..."
Reference: www.msn.comTitle: 12 Best Senior Dating Websites to Find Love in 2021
Article Snip: "...Peruse top-rated online dating sites to find the right senior match. ..."
Reference: usnews.comTitle: How To Enjoy Retirement on a Budget
Article Snip: "...An enjoyable, stress-free retirement is the end goal for many workers, but once you ride off into the sunset, you’ll still have to plan your finances. Without a regular source of income, except perhaps a pension or Social Security, you’ll have to..."
Reference: www.gobankingrates.comTitle: The 5 Ways To Maximize Your Retirement Income From Social Security
Article Snip: "...“When is the best time to take Social Security?” “How Can I maximize my Social Security benefits?” “Are Social Security Benefits taxable?” “Can you help me choose the best time to start receiving Social Security?” The list of Social Security questions goes on and on..."
Reference: www.forbes.comTitle: COLAs and Timing Federal Retirement
Article Snip: "...For FERS employees who aren’t eligible for a COLA during their first year or more on the annuity roll, their first COLA after becoming eligible will be for the full amount, no matter in which month that eligibility occurs . ..."
Reference: The Federal News GroupTitle: 2 Easy Ways to Estimate Your Retirement Savings Goals
Article Snip: "...Some people might feel overwhelmed and won’t know where to start when calculating what they’ll need to save for retirement. But there are two really simple approaches that everyone can use to get a fairly good idea of what their retirement number should be. ..."
Reference: www.crossroadstoday.comTitle: This New Retirement Research Is Wrong
Article Snip: "... a million-dollar portfolio should only be relied on for $33,000 in annual income. That is a sad ending for a seven-figure nest egg! Scary, too. This $33,000 salary isn’t..."
Reference: www.forbes.comTitle: Are metaverse stocks safe enough to include in your retirement portfolio?
Article Snip: "...The metaverse is now considered to be the next big trend in the technology sector. Broadly speaking, the concept of a metaverse involves creating immersive experiences for users in virtual reality worlds or in some combination of physical and virtual worlds using technologies such as video, virtual reality (VR), and augmented reality (AR). We are seeing many technology giants as well as newcomers racing to grab a share..."
Reference: www.usatoday.comTitle: Thinking about retiring in 2022? Here are 3 reasons to reconsider that plan.
Article Snip: "...counting down the weeks or even days until you're able to tender your resignation. But not so fast. There are certain pitfalls you might encounter if you opt to retire in the coming year. Here are a few reasons why 2022 could end up being an awful time to bring your career to an end..."
Reference: www.usatoday.comTitle: Goldman Sachs Says Young U.S. Workers Are Plotting Early Retirements
Article Snip: "...A survey signals that younger employees may also need more realistic expectations about how much money they’ll need in later life. ..."
Reference: www.bloomberg.comTitle: Interested in retiring early? 3 lessons from people who retired in their 30s
Article Snip: "...For many, the prospect of working a 9 to 5 job for the next 30+ years seems monotonous and disheartening. FIRE or ‘financial independence, retire early’ is a solution to that issue. People who follow FIRE save and invest more than 50% of their annual income in the hopes that their investments will yield enough money to retire in their 30s or 40s. ..."
Reference: www.cnbc.comTitle: Don’t Get Surprised by Taxes in Retirement
Published: December 6, 2021
Article Snip: "...The taxation of retirement income is somewhat different than the taxation of income derived from working. These changes are primarily due to how taxes are withheld on retirement income. Not only will we look at the taxation of TSP income, we’ll also take a look at how your federal annuity and Social Security are taxed. ..."
Reference: www.fedweek.comTitle: Unusual PostalEase Activity Triggers Precautionary Measures
Article Snip: "...The NPMHU was advised that CISO and Postal Service management investigated and took precautionary measures to prevent further activity as soon as it became aware of the unusual log-in issue. CISO monitors daily for suspicious activity to protect employee accounts and information. The USPS will contact affected employees directly. Impacted employees will receive the following message from the USPS: Your PostalEase account has been placed in a hold status, pending a password reset. To initiate a password reset, you will need contact 1-877-477-3273, Option 5. ..."
Reference: www.npmhu.orgTitle: Should I Take Medicare or Just Keep FEHB?
Article Snip: "Are federal employees better off with Medicare or FEHB in retirement? These are some considerations..."
Reference: www.fedsmith.comTitle: Social Security Announces 5.9 Percent Benefit Increase for 2022
Article Snip: "...The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022..."
Reference: www.ssa.govTitle: When Do I Begin Receiving the FERS Annuity Supplement?
Article Snip: "...so when will I see the supplement? You will only begin receiving the Annuity Supplement when your..."
Reference: www.fedsmith.comeverify Social Security Lock | Protect Yourself From The Foreign Invasion Snippet of Article: "...Self Lock is the unique feature...