Title: How is Social Security taxed?
Article Snip: "...If your total income is more than $25,000 for an individual or $32,000 for a married couple filing jointly, you must pay federal income taxes on your Social Security benefits. Below those thresholds, your benefits are not taxed. up to 50 percent of your benefits if your income is $25,000 to $34,000 for an individual or ..."
Reference: www.aarp.org
Article Snip: "...looking for direction on how to navigate through your federal retirement benefits? In this book, you will find out about the TSP Modernization Act of 2017 and how the changes will affect you. You will learn about your FEGLI options, Health Insurance options, and what to do with your TSP (while you are working and in retirement). One critical mistake can cost you thousands of dollars. If you are wanting a successful and happy retirement, with total peace of mind, then this book will strategically guide you along your retirement journey and answer some of those questions that you have. ..."
Reference:Title: Social Security Expansion Act (SSEA) | H.R.8005
Article Snip: "U.S. Rep. Peter DeFazio (D-Ore.) and Senator Bernie Sanders (I-Vt.) introduced the Social Security Expansion Act (SSEA) in both houses of the U.S. Congress on June 9, 2022. This legislation seeks to keep Social Security solvent through 2096. But it goes beyond just keeping the program going. The SSEA would boost benefits for current and new Social Security beneficiaries by $200 per month, or $2,400 per year. Individuals wouldn’t have to wait until their full retirement age under the bill, either. Anyone who turns 62 would be eligible for the increase."
Reference: www.koamnewsnow.comTitle: Americans Changing Spending Habits Due To Soaring Inflation, November Might Witness Worse
Article Snip: "..."As bad as inflation seems now, Americans are likely to feel even more in the months ahead, as they burn through those accumulated savings," said the National Review. ...Seventy per cent of Americans are using their savings to cover rising prices, it said, citing a recent Forbes Advisor survey of 2,000 US adults"
Reference: www.india.comTitle: Federal Employees’ Retirement System: Summary of Recent Trends
Article Snip: "...Workers who retired under FERS received an average monthly annuity of $1,834. Employees retiring under FERS had a shorter average length of service than those under CSRS. FERS annuities are supplemented by Social Security benefits and the Thrift Savings Plan (TSP). ..."
Reference: www.everycrsreport.comTitle: Retiree warns others after losing $8,500 in check-washing theft
Article Snip: "...Retiree Cindy Redmond noticed something was wrong after she mailed two checks from her south Charlotte home. ...“(I) put the mail in the mailbox around (9 p.m.) and then went out for a walk about (10 p.m.) and saw the mailbox was open and empty,” Redmond said. “You get a gut feeling that’s not right. Our mailbox is never left open.” ...“It appears that the suspect was able to wash the check,” said Officer Johnathan Frisk..."
Reference: www.wsoctv.comTitle: Man driving U-Haul with an outstanding warrant for postal theft, arrested after police chase
Article Snip: "...The Caddo Mills Police Department reported that Harper, 31, of Southaven, Miss., was being held in the Rockwall County Jail as of Monday morning. The officer did a check of the truck’s registration and was alerted that it had been stolen out of Holland, Mich...Inside the stolen truck, police found marijuana as well as identification, bankcards and tax information belonging to other people. They also found...Harper also has an outstanding warrant for postal theft, according to police."
Reference: www.rockwallheraldbanner.comTitle: Meet the Stone Mountain Hookers—a women’s fishing club
Article Snip: "...Betty Pompey, a Stone Mountain community leader who retired as an executive with the U.S. Postal Service, said she had some fishing experience while living in Savanah. “I showed up with large surf-fishing lures and a big, heavy-duty rod, prompting some laughter,” said Pompey. Now others in the club have rods, reels, line and hooks suitable for local lake fishing for the Bream, Bass, Crappie and Catfish. ..."
Reference: ocgnews.comTitle: What is one of the best things i can do to prepare for retirement?
Title: Social Security Benefits: How to avoid mistakes and get full payments?
Article Snip: "Make sure you are not missing out due to a simple error..."
Reference: www.marca.comTitle: How long do you have to be married to someone to get their Social Security? PDF
Article Snip: "...USPS understands that employees have many questions, so here are a few things to know: • The law establishes the Postal Service Health Benefits (PSHB) Program, which..."
Reference: NPMHU Local 317Title: Retirees on fixed incomes struggle to deal with inflation
Article Snip: "......"
Reference: www.theday.comTitle: 2023 Social Security COLA Estimated at 7.6% as CPI Keeps Rising
Article Snip: "...consumer price index release showing that prices over the past year through February have risen by 7.9% — the largest increase since since January 1982, and 0.8% from January to February, are just the beginning, as that number doesn’t include commodity price jumps due to Russia’s invasion of Ukraine and the extraordinary jump in energy prices..."
Reference: www.thinkadvisor.comTitle: Postal Service Reform Act of 2022, H.R. 3076 Passes Senate
Article Snip: "... aligns retiree healthcare with the best practices in the private sector that lower premiums for NPMHU members and our fellow postal employees as well as safeguarding benefits..."
Reference: NPMHU LOcal 317Article Excerpt: "...Almost all current federal workers, plus a growing number of new retirees, are under the FERS program. There is a permanent battle between FERS (with its generous 5% employer match to the TSP and Social Security coverage) and CSRS retirees who start off with much higher annuities (which they help finance) than FERS retirees. The fly in the ointment for FERS employees is their diet-COLA system. Under it, FERS retirees get the same COLA as CSRS retirees UNTIL it exceeds 2%. So for example if a CSRS Social Security COLA is 6%, FERS retirees would get 5%. Imagine the impact on a FERS annuity over a period of extended inflation What if, as some experts project, we are entering a period of high inflation? One that lasts for years. It’s happened before. Some say it may already be happening again. ..."
Reference Source: federalnewsnetwork.com
'...WASHINGTON — Federal employees and military service members would receive average raises of 4.6 percent next January under...'
Title: Why claiming Social Security online could be the easiest approach for retirees
Article Snip: "...recent data from the Center for Retirement Research shows many Americans are passing up the simplest approach to claiming Social Security benefits and are needlessly complicating their efforts. The data revealed that just about half of all retirees are filing for their benefits online, a number that has held steady since 2013...."
Reference: tulsaworld.comTitle: Are Social Security Recipients Being Cheated Out of Nearly $5,000?
Article Snip: "...Social Security benefits are not keeping up with inflation. ...despite the massive COLA raise in 2022, retired workers will keep losing out due to the decline of purchasing power in today's red-hot high inflationary environment. “To put it in perspective, for every $100 worth of groceries a retiree could afford in 2000, they can only buy $68 worth today,” Mary Johnson, the Social Security policy analyst for The Senior Citizens League (TSCL), said in a statement..."
Reference: nationalinterest.orgTitle: Baby Boomer Retirements Outpace Predictions
Title: Social Security offices, closed in the pandemic, are expected to reopen in March.
Article Snip: "...The national network of Social Security customer service offices, which were closed nearly two years ago at the start of the pandemic, is on track to reopen on ..."
Reference: www.nytimes.comTitle: When Should a Federal Employee Apply for Social Security Benefits?
Article Snip: "...wonder if they will reach their life expectancy. This group firmly believes that a bird in the hand is worth two in the bush. Although 62 year olds are rarely called young..."
Reference: www.fedweek.comNew Year. New Law. Beginning January 1, 2022, new federal protections will shield millions of consumers from surprise medical bills. Surprise medical bills – unexpected bills from an out-of-network provider, out-of-network facility or out-of-network air ambulance provider – is common among those with private insurance. Nearly one in five patients who go to the emergency room, have an elective surgery, or give birth in a hospital receive surprise bills, with average costs ranging from $750 to $2,600 per episode.
Learn about how the No Surprises Act can protect you from surprise medical billing. U.S. Department of Health and Human Services
Title: Why is My 2022 COLA Less Than I Was Expecting?
Article Snip: "...My FERS annuity with the 2022 COLA is increasing less than 4.9% in January. Why is that?..."
Reference: www.fedsmith.comTitle: You’re Retired and Like to Be Alone. Is It a Problem if You Self-Isolate?
Article Snip: "...“Loners have gotten a bad rap,” said Katharine Esty, Ph.D., a retired psychotherapist in Concord, Mass. “There’s nothing bad about doing things alone. It only becomes unhealthy when people become lonely, which is different.” She describes loneliness as feeling subjectively unhappy with your relationships or lack thereof. Someone who embraces solitude—and keeps busy and stimulated by fulfilling activities—can spend most of their time alone but never experience the distress of loneliness. ..."
Reference: www.barrons.comTitle: Everyone Is Moving to Florida. What That Means for Financial Advisors and Their Clients.
Article Snip: "...“Jacksonville, Orlando, Sarasota—you can name any market in Florida, and it’s one wealth managers want to be in,” says Thomas Carroll, president of the firm that manages more than $9 billion and is among . In..."
Reference: www.barrons.comTitle: Your ex-spouse could inherit your money. How to avoid this and other estate-planning mistakes
Article Snip: "...there are ways your ex could inadvertently inherit your money if you’re not careful. ..."
Reference: www.cnbc.comTitle: The best and worst states for retirement 2021
Article Snip: "...Georgia 1, Florida 2, Tennessee 3..."
Reference: www.bankrate.comTitle: Tips for Getting the Most Out of Your Retirement Benefits
Article Snip: "...many federal employees plan their transition from employee to annuitant. Let’s take a look at various federal retirement benefits to highlight an important feature or recent update and a pro tip to help you maximize each benefit. ..."
Reference: www.govexec.comTitle: 25 Things to Do When You Retire
Article Snip: "...After decades in the workforce, retirees finally get complete control over how they spend their time. There are many terrific things you can do with your time and energy in retirement. ..."
Reference: usnews.comTitle: 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.com