Title: Obama’s Speaking Fees Call Presidential Pension into Question
Article Snip: "...The House Oversight and Government Reform Committee chairman says he will re-introduce legislation to limit how much former presidents receive from the federal government..."
Reference: www.snopes.comTitle: How to Cut Your Tax Bill on Your Federal Retirement Income
Article Snip: "...This article will be of more interest to retirees than it will to current federal employees, however, if you’re close to retirement, you will pick up some helpful information if you read it..."
Reference:www.fedsmith.comTitle: The Top 7 Reasons Almost 33% of American Workers Have Saved Nothing for Retirement
Article Snip: "...There are many reasons people do (or don’t do) the things they should. According to GoBankingRates.com, almost 33% of American workers have saved nothing for retirement. That is an astounding statistic and spells trouble for the entire economy down the road..."
Reference: forextv.comTitle: A federal employee retirement plan is a good model for better retirement saving
Article Snip: "...The TSP offers a “target date” investing approach in which the plan automatically shifts federal employees’ savings from stock to bond funds as they approach retirement. And at retirement, the TSP offers annuities that let workers convert their lump sum savings into a monthly benefit that last for life. What’s not to like? A lot, according to Joanne Butler, a former House Ways and Means Committee staff ..."
Reference: www.aei.orgTitle: Military Service and Social Security
Article Snip: "...Under certain circumstances, special extra earnings for
periods of active duty from 1957 through 2001 can also
be credited to your Social Security earnings record.
• From 1957 through 1967,
we will add the extra
credits to your record when you apply for Social
Security benefits.
• From 1968 through 2001,
you don’t need to do
anything to receive these extra credits. The credits
were automatically added to your record.
• After 2001,
there are no special extra earnings
credits for military service.
The information that follows explains how you can
get credit for special extra earnings and applies only
to active duty military service earnings from
1957
through 2001..."
Title: Warren Buffett says investors should stick with index funds
Article Snip: "...Buffett, widely considered one of the world's best investors, said in his annual letter to shareholders. 'Both large and small investors should stick with low-cost index funds.'..."
Reference: www.reuters.comMore Reading: Warren Buffett says The Intelligent Investor: The Definitive Book on Value Investing
Title: 15 Social Security Stats That Will Blow You Away
Article Snip: "...Social Security pays close to 61 million Americans about $918 billion in benefits annually. If that sounds like a heck of a lot, it is. But it's only about $15,000, on average, per person. 10: In order to qualify for Social Security benefits based on your earnings, you need to collect 40 credits, where a credit is represented by your earning of at least $1,260 (as of 2016) within a year, with up to four credits that can be earned per year. Thus, most of us can qualify simply by working for a decade. Even if you only worked half of each year, 20 years of working could qualify you..."
Reference: www.fool.com