What It Takes to Prepare for Retirement | Fresh insight into the saving and spending behaviors of retirees.

Title: What It Takes to Prepare for Retirement | Fresh insight into the saving and spending behaviors of retirees.

Article Snip: "...Deciding how much to save for retirement depends on the investor’s circumstances, the report says. This includes their income, the age at which they start saving and the lifestyle they have become accustomed to. For a 25-year-old making less than $90,000, the necessary annual savings rate ranges from 3% to 8%, depending on return assumptions and time horizons, while a 50-year-old man may need to save between 13% and 38% of gross income to achieve the same outcome. These figures demonstrate how early savers have a much better chance of achieving retirement success. ..."

Reference: www.planadviser.com

15 Cheap, Beautiful Places To Retire

Title: 15 Cheap, Beautiful Places To Retire

Article Snip: "Retirement should be about enjoying your life with minimal stress and spending some time in an environment you find pleasing. To do that on a budget though, you'll need to choose a retirement destination that's not only affordable but also features a hospitable climate. To assist you in your relocation plans, GOBankingRates looked at hundreds of U.S. cities to find the cheapest places to retire that feature favorable weather. More often than not, retirees will find the most affordable and sunniest retirement destinations in the southernmost state of the continental U.S. -- Florida. In fact, one third of the 15 U.S. cities on this list are in Florida. To rank in the study, each city had to meet the following requirements..."

Reference: yahoo.com
Beautiful Places To Retire

How is Social Security taxed?

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
How is Social Security taxed?, Social Security vs Taxes,Taxes on Social Security,

Federal Employee Retirement Made Simple: 11 Key Areas for Financial Peace as a Retired Federal Employee Paperback

Title: Federal Employee Retirement Made Simple: 11 Key Areas for Financial Peace as a Retired Federal Employee Paperback

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:
federal retirement benefits help, books for federal retirees,

Social Security Expansion Act (SSEA) | H.R.8005

Title: Social Security Expansion Act (SSEA) | H.R.8005

The SSEA would boost benefits for current and new Social Security beneficiaries by $200 per month, or $2,400 per year.

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.com
Social Security Expansion Act (SSEA) | H.R.8005

Americans BurningThrough Savings Due To Soaring Inflation, November Might Witness Worse

Title: 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.com

Federal Employees’ Retirement System: Summary of Recent Trends

Title: 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.com

Retiree warns others after losing $8,500 in check-washing theft

Title: 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.com

Man driving U-Haul with an outstanding warrant for postal theft, arrested after police chase

Title: 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.com

Meet the Stone Mountain Hookers—a women’s fishing club

Title: 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.com

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,

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

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

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),

Retirees on fixed incomes struggle to deal with inflation

Title: Retirees on fixed incomes struggle to deal with inflation

Article Snip: "......"

Reference: www.theday.com

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

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,

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

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,

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