Sunday, May 8, 2022

What is one of the best things i can do to prepare for retirement?

Title: What is one of the best things i can do to prepare for retirement?

Article Snip: "Plan for your future with your my Social Security Account. Estimate your retirement benefits at different ages and dates. Your personal my Social Security account gives you secure access to information based on your earnings history and interactive tools tailored to you. With your my Social Security account, you can plan for your future by getting your personalized retirement benefit estimates at age 62, Full Retirement Age (FRA), and age 70. You can also view retirement benefit estimates by:
  • Choosing a future age to begin receiving retirement benefits in years and months or use the new 'Age' scroll bar
  • Choosing a future date to begin receiving retirement benefits
  • Entering the average annual income you expect to earn until retirement.
Your retirement estimates are provided in both written and chart form. Sign Up Here. It's easy an essential tool for planning a retiremnt.
"

Reference: www.ssa.gov
My Social Security Account,social security,

Tuesday, April 26, 2022

Social Security Benefits: How to avoid mistakes and get full payments?

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.com
Social Security


Monday, April 25, 2022

How long do you have to be married to someone to get their Social Security?

Title: How long do you have to be married to someone to get their Social Security? PDF

Article Snip: "...How long do you have to be married to someone to get their Social Security? If you're divorced, you can receive benefits based on your ex-spouse's work if: • Your marriage lasted 10 years or longer. You're unmarried. You're age 62 or older. The benefit you're entitled to receive based on your own work is less than the benefits you'd receive based on your spouse's work...."

Reference: www.ssa.gov
What Every Woman Should Know About Social Security


Wednesday, April 13, 2022

New postal reform law creates Postal Service Health Benefits (PSHB) Program for employees, postal retirees and others

Title: New postal reform law creates Postal Service Health Benefits (PSHB) Program for employees, postal retirees and others

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 317
postal reform law, Postal Service Health Benefits (PSHB),Federal Employee Health Benefit Program (FEHB),


Tuesday, April 12, 2022

Sunday, March 20, 2022

2023 Social Security COLA Estimated at 7.6% as CPI Keeps Rising

Title: 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.com


Thursday, March 10, 2022

Postal Service Reform Act of 2022, H.R. 3076 Passes Senate

Title: 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 317
Postal Service Reform Act of 2022, H.R. 3076, Postal News,


Friday, February 11, 2022

Inflation: The Destruction of the FERS Retiree

Article Title: Is 2022 the start of big time inflation?

Article 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


Biden to propose 4.6 percent pay raise for federal employees, the biggest hike in 20 years

The forgotten aging population. If you have already served your purpose you are useless in the eyes of the Biden administration. Postal service, federal retirees and everyone on social security left out of Biden monetary increases as inflation takes a heavy toll and erodes what little they have to survive on.

Biden to propose 4.6 percent pay raise for federal employees, the biggest hike in 20 years


'...WASHINGTON — Federal employees and military service members would receive average raises of 4.6 percent next January under...'


Reference: www.msn.com
Tags: The forgotten many, Social Security, Destruction of the elderly, Creating more inflation,

Sunday, February 6, 2022

Why claiming Social Security online could be the easiest approach for retirees

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.com


Are Social Security Recipients Being Cheated Out of Nearly $5,000?

Title: 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.org


Thursday, January 27, 2022

Baby Boomer Retirements Outpace Predictions

Title: Baby Boomer Retirements Outpace Predictions

Article Snip: "...Retirees are a significant fraction of the population, as U.S. population growth has slowed and Baby Boomers (those born between 1946 through 1964) are currently retiring. Finally, a significant number of people who had not planned to retire in 2020 may have retired anyway because of the dangers to their health or due to rising asset values that made retirement feasible. This essay provides a back-of-the-envelope estimate of the number of "COVID-19 retirements..."

Reference: stlouisfed.org


Saturday, January 22, 2022

Social Security offices, closed in the pandemic, are expected to reopen in March.

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.com


When Should a Federal Employee Apply for Social Security Benefits?

Title: 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.com


Friday, January 14, 2022

No More Surprise Medical Bills: 5 Things To Know about the No Surprises Act Taking Effect

  No More Surprise Medical Bills: 5 Things To Know about the No Surprises Act Taking Effect in 2022

New 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

Reference: https://www.hhs.gov/

Tuesday, January 11, 2022

Why is My 2022 COLA Less Than I Was Expecting?

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.com


Sunday, January 9, 2022

You’re Retired and Like to Be Alone. Is It a Problem if You Self-Isolate?

Title: 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.com


Running from Biden states...

Title: 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.com


Your ex-spouse could inherit your money. How to avoid this and other estate-planning mistakes

Title: 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.com


Wednesday, January 5, 2022

Southern Conservative States Rank Best Overall for Retirees

Title: The best and worst states for retirement 2021

Article Snip: "...Georgia 1, Florida 2, Tennessee 3..."

Reference: www.bankrate.com
Top Three States for Retirees