Title: This Is How to Properly Pay Yourself in Retirement
Article Snip: "Suze Orman says there are six things you should do. ...Why wait? Suze Orman, financial guru, tweeted six tips from her Ultimate Retirement Guide for how to properly pay yourself in retirement. Check out how you can prepare for the next step in your financial life right now. ..."
Reference: www.fool.comTitle: OPM | Get Your OPM Tax Documents (2023)
Article Snip: "Learn how to view, download, print, or request by mail your annual 1099-R tax form. "
Reference: www.opm.govText Version: REPORT ON THE STATE OF THE UNION DELIVERED TO A JOINT SESSION OF CONGRESS ON FEBRUARY 7, 2023--PM 1
The PRESIDING OFFICER laid before the Senate the following message
from the President of the United States which was which was ordered to
lie on the table:
To the Congress of the United States:
Mr. Speaker. Madam Vice President. Our First Lady and Second
Gentleman. Members of Congress and the Cabinet. Leaders of our
military. Mr. Chief Justice, Associate Justices, and retired Justices
of the Supreme Court. And you, my fellow Americans.
READ IN FULL
LISTEN
Title: Chinese Spy Balloon May Be Watching Our Cellphone Traffic: Ex-U.S. Colonel
Article Snip: "Chinese spy balloon...monitoring cellphone traffic in the U.S. . In other words, they're looking at our cellphone traffic, our radio traffic." gathering information on U.S. communication systems and radar...President Joe Biden decided against shooting down the balloon..."
Reference: www.newsweek.comArticle Excerpt: "...“I tried with Senator Grassley back in the 1980s to freeze all government spending, including Social Security, including everything,” Biden said in 1995. ...“When I argued that we should freeze federal spending, I meant Social Security as well,” he told the Senate in 1995. “I meant Medicare and Medicaid. I meant veterans’ benefits. I meant every single solitary thing in the government. And I not only tried it once, I tried it twice, I tried it a third time, and I tried it a fourth time.” (A freeze would have reduced the amount that would be paid out, cutting the program’s benefit.)" ...Biden himself, at least on his campaign website, now supports making Social Security more generous, not less. But that’s at odds with decades of his own advocacy, a record that could become a major political liability
Title: Credits for New Clean Vehicles Purchased in 2023 or After
Article Snip: "...You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit. The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years. ...You will need to provide your vehicle's VIN."
Reference: www.irs.govTitle: Does the FERS special retirement supplement ever increase?
Article Snip: "...It’s set at the amount of Social Security benefit you earned while a FERS employee. The SRS is paid out of the Civil Service Retirement and Disability Fund because you haven’t yet reached the minimum Social Security retirement age. When you reach age 62, the SRS will..."
Reference: www.federaltimes.comArticle Snip: "...The numbers were either not issued by the U.S. government or "did not match the name and/or date of birth information provided … suggesting potential identity fraud.”..."
Reference: www.nbcnews.com
Title: What is ‘Ozempic face’? Doctors warn about facial ageing side effect of diabetes medications
Article Snip: "“Weight loss may turn back your biological age, but it tends to turn your facial clock forward,” one dermatologist says ...Doctors are warning individuals who have turned to diabetes medications to lose weight that the drugs may result in unwanted side effects such as facial ageing. In recent months, injectable prescription medications such as Ozempic, Mounjaro and Wegovy, which were created for those with type 2 diabetes, have seen a rise in popularity among individuals who view the drugs as a quick-fix weight-loss method. ..."
Reference: www.independent.co.ukTitle: When can I download my 1099r tax form?
Article Snip: "The 2022 '1099R Statements of Annuity Paid' are now available. ..."
Reference: Federal RetireeTitle: Trump: ‘Under no circumstances’ should Republicans cut Social Security or Medicare
Article Snip: "...“Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security to help pay for Joe Biden’s reckless spending spree, which is more reckless than anybody’s ever done or had in the history of our country,” Trump said in a recorded video statement posted to Truth Social. The former president, who in November launched a 2024 White House campaign, called for cuts to a slew of other areas, including funding for “corrupt foreign countries,” “climate extremism,” “left-wing gender programs from our military” and “waste, fraud and abuse everywhere we can find it.”..."
Reference: yahoo.comTitle: How early can I apply if I want to draw Social Security at age 62?
Article Snip: "...You can apply for retirement benefits up to four months before you want to start receiving your benefits. Even if you are not ready to retire, you still should sign up for Medicare three months before your 65th birthday. ..."
Reference: ssa.govTitle: How many years must you have worked to apply for Social Security benefits?
Article Snip: "...The Social Security Administration was established in 1935 to provide financial support for retired workers who contributed to the program through taxes on earned income. Additional programs have been added over the years to cover benefits for disability, survivors and those with limited financial means. While the standard amount of credits a worker must obtain to apply for retirement benefits is 40, each program has its own requirements. Here’s a look at how long you need to work in order to qualify for Social Security benefits. ..."
Reference: as.comTitle: What is the federal government's new retirement program?
Article Snip: "...Under the new program, the federal government will deposit a 50% match on up to $2,000 of a worker’s contribution to a workplace or individual retirement account — a maximum of $1,000 per person. Eligibility is based on income, and the match is reduced over certain limits. ..."
Reference: www.seattletimes.comTitle: Want that $7,500 EV tax break? Why buyers need to talk with an accountant and not just a car dealer
Article Snip: "...Consumers considering electric vehicles, solar panels or other home energy efficiency upgrades should do some tax planning before making big-ticket purchases ...Want that $7,500 EV tax break? Why buyers need to talk with an accountant and not just a car dealer /tt>"
Reference: www.marketwatch.comTitle: California ranked one of the worst places in US to retire, study says
Article Snip: "...Blacktower Financial Management Group ranked every state in the U.S. based on several factors, including cost of living, crime, and life expectancy. ..."
Reference:Title: Average Retirement Income 2022: How Do You Compare?
Article Snip: "...The numbers you will review below represent both mean (average) and median income. Median income is closer to the reality for most households of retirement age. ...Average Household Retirement Income 2022 is $...down from $56,632 in 2019..."
Reference: www.newretirement.comTitle: Oversight of Federal Employment, Retirement Issues Ahead
Article Snip: "...“Republicans will return the Oversight Committee to its primary duty to root out waste, fraud, abuse, and mismanagement in the federal government and hold the Biden Administration accountable,” he said in a statement. Those priorities will include, he said, Biden family business dealings, immigration, the origins of Covid-19, the withdrawal from Afghanistan and how pandemic relief funds were spent. Not a word about federal employees and retirees, except indirectly in a reference to making the government “more efficient, effective, transparent, and accountable to the American people.”..."
Reference: www.fedweek.comTitle: Here’s what Secure 2.0 means for you if you’re getting close to retirement
Article Snip: "...Because there are more than 90 provisions in Secure 2.0, there are other changes that could impact your retirement planning. For instance, there are modifications related to annuities and qualified charitable distributions that may factor into how you plan financially for your retirement. Additionally, if you’ve lost track of a retirement plan you had at a previous employer, be aware that Secure 2.0 directs the Labor Department to create, within two years, a national online, searchable “lost and found” database. ..."
Reference: www.cnbc.comTitle: If I have retiree coverage through the FEHB, do I need to enroll in Medicare?
Article Snip: "...Should I enroll in Part B if I have FEHB coverage? Deciding whether to enroll in Part B is complicated. And unlike Medicare Part A, all enrollees pay a premium for Medicare Part B ($171.10/month in 2022 for most people). While FEHB plans cover most of the same types of expenses that Medicare covers, FEHB plans’ coverage may be more limited than Medicare Part B when it comes to orthopedic and prosthetic devices, durable medical equipment, home healthcare, medical supplies, and chiropractic care. Conversely, FEHB plans cover emergency care received outside the United States, and this isn’t covered by Original Medicare at all – and is rarely covered by Medicare Advantage. FEHB plans may also pay for vision and dental care that’s not covered by Original Medicare and is limited in Medicare Advantage. ..."
Reference: www.medicareresources.orgTitle: How Current and Future Federal Retirees Could Be Affected by the Postal Service Reform Act of 2022
Article Snip: "...Many health insurance professionals recommend that federal retirees enroll in both an FEHB health plan together and in the “original” Medicare (Medicare Parts A and B). In so doing, they will minimize -and for most federal retirees – eliminate any out-of-pocket medical expenses. This means no deductibles, no co-insurance, no co-payments. ..."
Reference: www.myfederalretirement.comTitle: Retired Postal Worker’s Poem Reflects on Service with USPS
Article Snip: "...In 1962, William Costello, the Superintendent of Mails for Willimantic, Connecticut, wrote the poem, “The Veteran Letter Carrier’s Farewell,” which marked the end of his 40 years of service with the Unities States Postal Service. ..."
Reference: www.danapointtimes.comTitle: People in their 60s and older play pickleball because they can
Article Snip: "...Pickleball is a low-impact sport that can be played by more people. You will regularly see people in their 60s and older play pickleball because they can. The court size is only 44 feet long and 20 feet wide, or about 1/4th the size of a tennis court. Hence, there is much less ground to cover. ..."
Reference: www.financialsamurai.comTitle: Will Social Security be taxed when I retire?
Article Snip: "...When you’re calculating taxes, you must include in income a portion of your Social Security benefits depending on your income, said Bernie Kiely, a certified financial planner and certified public accountant with Kiely Capital Management in Morristown. ...The `base amount’ for a single person is $25,000 and for a married couple filing jointly it is $32,000,” Kiely said."
Reference: www.nj.comTitle: The Downsides of Retirement That Nobody Talks About
Article Snip: "...The realities you face when you stop working might be a far cry from your retirement dream. Of course, retiring broke or not being able to retire at all are among the worst-case scenarios. Click through to find out 14 downsides of retiring that no one talks about, along with solutions to avoid each potential problem. ..."
Reference: www.gobankingrates.comTitle: Average Social Security Benefit for 2023
Article Snip: "...Most seniors don't manage to score the highest possible Social Security benefit. In fact, it's estimated that the average monthly benefit in 2023 will be..."
Reference: www.nasdaq.comTitle: OPM Retirement Center
Article Snip: "...OPM is here to help you transition from serving the American people to enjoying your retirement. These links are useful to new and existing retirees throughout their retirement journey...."
Reference: www.opm.govTitle: Genetic Signatures of Exceptional Longevity in Humans
Article Snip: "...Like most complex phenotypes, exceptional longevity is thought to reflect a combined influence of environmental (e.g., lifestyle choices, where we live) and genetic factors. To explore the genetic contribution, we undertook a genome-wide association study of exceptional longevity in 801 centenarians (median age at death 104 years) and 914 genetically matched healthy controls. Using these data, we built a genetic model that includes...and our findings suggest that different variants of these genes may have a protective role. The most intriguing examples are LMNA and WRN: while specific variants of these two genes determine progeria and accelerated aging, alternative variants may increase life span. "
Reference: nih.govTitle: Is longevity determined by genetics?
Article Snip: "The duration of human life (longevity) is influenced by genetics, the environment, and lifestyle. ...Now people in the United States live about 80 years on average, but some individuals survive for much longer. Scientists are studying people in their nineties (called nonagenarians) and hundreds (called centenarians, including semi-supercentenarians of ages 105-109 years and supercentenarians, ages 110+) to determine what contributes to their long lives. They have found...The study of longevity genes is a developing science. It is estimated that about 25 percent of the variation in human life span is determined by genetics, but which genes, and how they contribute to longevity, are not well understood. A few of the common variations (called polymorphisms) associated with long life spans are found in the APOE, FOXO3, and CETP genes"
Reference: medlineplus.govArticle Snip: "...foods high in carbohydrates like bread, cereals, and processed fats lead to an increase in visceral fat." Unlike subcutaneous fat that you pinch and feel, visceral fat is hidden deep in your abdomen and coils around your organs. It's been linked to some cancers, type 2 diabetes and more. "Too much visceral fat is unhealthy because of its location in relation to key organs...There's a number of ways to lose visceral fat like ..."
Reference: www.eatthis.comTitle: Never Too Late: Building Muscle and Strength After 60
Article Snip: "Retirees, take note and flex that bicep...The UAB Center for Exercise Medicine at the University of Alabama has carried out many studies showing that people in their 60s and 70s, who were supervised in a weight-training program, were able to build muscle and strength. ..."
Reference: baptisthealth.netTitle: Can you build muscle after 70 years old?
Article Snip: "...Seniors Can Still Bulk Up On Muscle By Pressing Iron Our muscle mass decreases at surprising rates as we get older. But researchers found that people older than 50 can not only maintain but actually increase their muscle mass by lifting weights. ...The muscle has to adapt to the damage and build itself up to be prepared for the next weightlifting assault. In this way, muscles build fiber and actually increase in size. ..."
Reference: www.npr.orgTitle: What Everyone Should Know about the Shingles Vaccine (Shingrix)
Article Snip: "...CDC recommends that adults 50 years and older get two doses of the shingles vaccine called Shingrix (recombinant zoster vaccine) to prevent shingles and the complications from the disease. Adults 19 years and older who have weakened immune systems because of disease or therapy should also get two doses of Shingrix, as they have a higher risk of getting shingles and related complications. Your doctor or pharmacist can give you Shingrix as a shot in your upper arm. Shingrix provides strong protection against shingles and PHN..."
Reference: www.cdc.govTitle: Why Does Shingles Lead to Stroke? Scientists Might Have an Answer
Article Snip: "...According to recent research from the University of Colorado Anschutz Medical Campus, scientists looking into why people who have had shingles are at a higher risk of stroke now believe the answer lies within lipid vesicles called exosomes that transport proteins and genetic information between cells. The study explores the mechanisms behind the connection between shingles and strokes and was recently published in The Journal of Infectious Diseases. “Most people know about the painful rash associated with shingles, but they may not know that the risk of stroke is elevated for a year after infection..."
Reference: scitechdaily.comTitle: 5 Hidden Tax Benefits of Retiring in Florida
Article Snip: "It’s no secret that Florida is a mecca for retirees. ...Florida’s cost of living is 1% higher than the national average, with housing being 2% higher than the national average, and utilities 3% higher, according to RentCafe data. However, these are offset by the lower costs of basic necessities such as food, clothing and healthcare — which are 2% lower. These lower costs combined with the tax advantages make Florida a no-brainer retirement state for many Americans. ..."
Reference: www.nasdaq.comTitle: Top-rated retirement systems around the globe
Article Snip: "A new report from Morningstar evaluates retirement systems in eight “highly educated and wealthy countries” often cited in independent studies as being among the best in their regions. In a recent webinar reviewing the report, authors Andy Pettit, director, policy research at Morningstar, and Lia Mitchell, senior analyst, policy research, discussed some of the more effective features that they found in the countries that they studied and some areas that would benefit from change in those countries, including the United States. ..."
Reference: www.pensionpolicyinternational.comTitle: Working as a Retiree? 3 Pitfalls You Should Know About
Article Snip: "Working as a retiree might seem like a good idea, but it could have unwanted financial consequences. Since the latter part of 2021, consumers have been buckling under the weight of inflation. And higher living costs have especially taken a toll on retirees who are limited to a fixed income. As such, some older Americans are making the decision to return to work in some capacity in order to cope with inflation. ..."
Reference: www.fool.comTitle: 30-year-old boyfriend is person of interest after retiree vanishes
Article Snip: "Investigators say 59-year-old Deborah Moneymaker Lanham of Wellborn, Florida, was reported missing by her family Dec. 14. Wellborn is about 75 miles west of Jacksonville. ...Her 30-year-old boyfriend is in the Madison County Jail “on charges unrelated to this investigation” as of Dec. 19, officials said."
Reference: www.miamiherald.com