One Day, You're Going to Die. Here's How to Prepare for It

Title: One Day, You're Going to Die. Here's How to Prepare for It

Article Snip: "...It's a fact of life that we're all going to die at some point. While it's not something you probably want to think about, you can make things a lot easier on yourself (and your family) if you get everything in order now. Here's what you need to do. ...Note: You can do a lot of this stuff on your own, but it's a good idea to speak with a lawyer about your will, assets, and general estate planning. This guide is meant more to get you acquainted with terms, provide DIY options when applicable, and help you collect together what you need."

Reference: lifehacker.com

---

---

Does Beneficiary Designation Overrule a Will?

Title: Does Beneficiary Designation Overrule a Will?

Article Snip: "A beneficiary designation assigns a person or party to receive benefits from a financial product, such as a retirement account or life insurance policy. ...A will is a legal estate planning document stating your intentions for possessions after you die. Typically, a will defines an executor to carry out your desires. Then, it ..."

Reference: yahoo.com

---

---

Two Social Security Provisions that Can Impact CSRS Retirees

Title: Two Social Security Provisions that Can Impact CSRS Retirees

Article Snip: "...While they won’t affect your CSRS annuity, they may cut into – or even eliminate – any Social Security benefit you may otherwise be entitled to. They are the Windfall Elimination Provision and the Government Pension Offset. ..."

Reference: www.fedweek.com
Government Pension Offset (GPO),Windfall Elimination Provision (WEP),

---

---

Retirement Gifts | Cards for Retirement | Gifts for the Office

Title: Retirement Gifts | Cards for Retirement

Article Snip: "You've Worked Your Whole Life for This Card, Happy Retirement Card, Hilarious Retirement Card for Colleague Coworker ..."

Reference: AMAZON
Retirement Gifts

---

---

YouTube | Watch and Follow Retiree 'Sarasota Tim' and the Beautiful 'Ms. Tammy' CRUSH Retirement Life

Title: YouTube | Watch and Follow Retiree 'Sarasota Tim' and the Beautiful 'Ms. Tammy' CRUSH Retirement Life

Article Snip: "Hello my name is Tim and my channel is about living life. I moved to Boynton Bch, Florida from Sarasota in May of 2022. You’ll find content about Social Security, Medicare retired life, side hustles, health, Toyota 4Runner, South Florida living, cruises, and chatting about life‘s events too. Please consider subscribing and following along. 😎"

Reference: www.youtube.com/@SarasotaTim
Feel Good Videos, Great People, Living Life in Retirement, Ms. Tammy, Positive Growth in Retirement, Retirees to Follow, Sarasota Tim, www.youtube.com/@SarasotaTim

The following is a sample from the many videos:

---

---

Buffett Says Build Passive Income, 2 Dividends For Your Retirement

Title: Buffett Says Build Passive Income, 2 Dividends For Your Retirement

Article Snip: "...Here are two proven dividend stewards with much juice left to keep producing those paychecks...."

Reference: seekingalpha.com
Passive Income,Warren Buffett investment tips,

---

---

The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Title: The Social Security cost-of-living adjustment for 2024 will be a paltry 3%, analysts estimate — a dramatic drop from 8.7%. But here's one unexpected factor that could bump it higher

Article Snip: "“A major storm impacting the Gulf Coast and nearby refineries will likely lead to a spike in gas prices for a few weeks,” AAA spokesperson Andrew Gross told CNBC. Such circumstances could affect the 2024 COLA. “The COLA estimate will go up if the price of gasoline jumps considerably,” Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League (TSCL), told the news outlet. “The COLA estimate might go down if gas and oil prices drop.”..."

Reference: yahoo.com
WTI vs. CPI vs. COLA, Bidenomics,Inflation 2023,Destruction of Retirees,

---

---

USPS retirees can now submit leads

Title: USPS retirees can now submit leads

Article Snip: "...The website for Postal Service retirees now includes access to LEADing Together, the organization’s employee sales lead program. LEADing Together combines the Business Connect, Clerks Care, Customer Connect, Mail Handlers, Rural Reach and Submit a Lead programs into one, using a common portal for employees — and now retirees — to enter customer information. ...Employees who do not have an ACE ID can access the lead entry site through LiteBlue by selecting “Submit a Lead” under the “Resource Index” tab."

Reference: usps.com

---

---

‘I was very scared': OPM backlog has some federal retirees, survivors waiting months for benefits

Title: ‘I was very scared': OPM backlog has some federal retirees, survivors waiting months for benefits

Article Snip: "After her husband passed away last October, Diana Kimberlin says she knew it would take some time for her to receive the survivor benefits he signed up for while working for the federal government. But Kimberlin said she never imagined the process through the Office of Personnel Management (OPM) would take longer than four months, forcing her to delay paying many bills and wrecking her credit score. “I always paid my bills on time. I couldn't even pay anything,” she said, adding, “I didn't know how far I was going to have to wait. It didn't take me too long to figure out it was going to be awhile.“...“They have to put in place new systems,” Van Hollen said. “We’ve been after them to do that. They’re not doing it fast enough, in my mind." In a congressional hearing earlier this year, the head of OPM blamed the backlog on historic underfunding of the agency, staffing and technology, noting OPM is still transitioning from a paper-based system to the digital era. ..."

Reference: www.nbcwashington.com
OPM retirement backlog,

---

---

8 Things Boomers Should Never Buy in Retirement

Title: 8 Things Boomers Should Never Buy in Retirement

Article Snip: "...Once they retire, many seniors change their spending patterns quite a bit. There’s nothing inherently wrong with this, as long as they remain within their retirement budget. However, there are some things that boomers tend to splurge on in retirement that can wreak havoc on their long-term financial plans. Whether it’s because they feel like “they’ve earned the right” or they simply don’t understand how problematic it can be, overspending is a sure way to put their long-term retirement lifestyle at risk. ..."

Reference: www.gobankingrates.com

---

---

Best CD Rates for August 2023—Up to 5.75%

Title: Best CD Rates for August 2023—Up to 5.75%

Article Snip: "Guide to the Highest CD Rates Available to Anyone in the U.S. ...When you have cash you want to save for a while and you want to earn more than you would with a standard savings account, certificates of deposit (CDs) can be a good option. CDs offer fixed interest rates that guarantee you earnings, which can help you reach your financial goals. To help you earn as much as possible, here are the top CD rates available from our partners, followed by our rankings on the best-paying CDs that are available to U.S. customers everywhere. Right now, the best CD rates are over 5.00% APY, with the best CD rate across all terms sitting at 5.75% APY for a 12-month CD from MapleMark Bank. ..."

Reference: www.investopedia.com

---

---

Bidenomics | U.S. Mortgage Rates Jump to Highest Level Since 2002

Title: Bidenomics | U.S. Mortgage Rates Jump to Highest Level Since 2002

Article Snip: "The average 30-year fixed-rate mortgage has climbed above 7 percent, making it harder for buyers to afford homes, which are already in short supply. ...mortgage rates began abruptly rising last year, when the Federal Reserve started lifting interest rates to rein in rapid inflation, the housing market has stagnated, as owners with low mortgage rates have been unwilling to put their homes up for sale. In June, sales of existing homes fell nearly 19 percent from the year before, according to the National Association of Realtors. ..."

Reference: www.nytimes.com

---

---

The Fed Is Losing the Battle Against Inflation

Title: The Fed Is Losing the Battle Against Inflation

Article Snip: "...uptick in the U.S. inflation rate in July, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), a 3.2% rate of inflation is far and away a major improvement from the 9.1% inflation rate reported in June 2022. ...However, a report issued in June from technology-driven real estate company Redfin found that 91.8% of all homeowners have a mortgage rate that's below 6%. Approximately 62% are locked in at a rate below 4%. There's absolutely no financial incentive for these homeowners to give up their historically low mortgage rate for a new home with a 7% 30-year fixed-rate loan. This is why there's a major shortage of new listings for existing homes. "

Reference: www.fool.com
Inflation Destroying FERS Retirees,Biden/Harris Inflation,Inflation is destroying Social Security recipients,

---

---

OPM’s retirement backlog back up in July after months of it shrinking

Title: OPM’s retirement backlog back up in July after months of it shrinking

Article Snip: "...For the first time since January, the Office of Personnel Management’s backlog of retirement claims increased in July. At 17,047 claims, the backlog is over 4,000 claims higher than its steady state goal of 13,000. ..."

Reference: federalnewsnetwork.com
OPM retirement backlog

---

---

On this day in history, August 14, 1935, Social Security is signed into law by FDR

Title: On this day in history, August 14, 1935, Social Security is signed into law by FDR

Article Snip: "President Franklin D. Roosevelt signed the Social Security bill into law on this day in history, Aug. 14, 1935, creating a federal safety net for older, ..."

Reference: www.foxnews.com

---

---

Huntsville Alabama | A City Council That Is Attempting to Increase Water Rates by 35%

Title: Huntsville Utilities proposes 35% water rate increase

Article Snip: "Huntsville city council members held a first reading for a proposal allowing Huntsville Utilities to raise water rates by 35%..."

Reference:WAFF
Huntsville Alabama,Cities With High Utility Costs,Destruction of the Working Class,Huntsville City Council, Water Rates in Huntsville Alabama, High Cost Cities,Inflation 2023,Bidenomics,

---

---

Is It Smarter For Me to Use Retirement Savings to Pay Off Debt?

Title: Is It Smarter For Me to Use Retirement Savings to Pay Off Debt?

Article Snip: "Generally, it’s best to leave your retirement savings untouched because you want as much uninhibited growth as possible. That said, paying off debt with your retirement savings in specific situations can make sense. ...Weigh Debts Against Investments Not every debt demands immediate repayment. For instance, mortgages are generally low-interest loans you pay gradually. As your equity grows, your home becomes an asset instead of a liability. On the other hand, credit card debt usually has astronomical interest rates that can ruin your finances quickly. Therefore, repaying a credit card debt of $5,000 is immensely beneficial, whereas allocating an extra $5,000 toward your mortgage may not be as advantageous."

Reference: finance.yahoo.com

---

---

What is the average pension of a retired postal worker in 2023?

Title: What is the average pension of a retired postal worker in 2023?

Article Snip: "The amount of money a postal worker makes in retirement depends on their age and how long they worked as a postal worker or government employee. A postal worker who retired in 2023 with 25 years of service would make a monthly basic annuity between $1,..."

Reference: Postal NewsGroup

---

---

Why a federal retiree might consider a reverse mortgage ...or might not

Title: Why a federal retiree might consider a reverse mortgage

Article Snip: "...However, there are also potential drawbacks to consider that most reverse mortgage professionals immediately recognize as applicable to all potential borrowers. These include “the possibility of losing the house to foreclosure if the homeowner cannot afford to pay the property taxes; the homeowner will likely leave less inheritance to his or her heirs; at least one individual has to be living in the home (such as the co-borrower or spouse) if the funds from a HECM mortgage are used to pay for the homeowner’s move to an assisted living or nursing home facility.” Potential borrowers also need to understand that there are a lot of potential expenses the reverse mortgage customer is and could be subject to, including a loan origination fee, mortgage insurance premiums, counseling and other fees. ..."

Reference: reversemortgagedaily.com
Reverse Mortgage, HECM mortgage,

---

---

What retirees should do right now to prepare for a recession

Title: What retirees should do right now to prepare for a recession

Article Snip: "Retirees often underestimate the potential impact of recessions on their financial well-being ...There are several essential strategies and preparations that retirees should employ to prepare for and navigate recessions successfully. ..."

Reference: www.marketwatch.com
Recession 2023,Biden Economy 2023,

---

---