Federal Retirement News


Friday, September 9, 2016

Jack Bogle’s 5 Simple Rules for Investing in Stocks

Jack Bogle’s 5 Simple Rules for Investing in Stocks

Article Excerpt: "...Last week, 200 “Bogleheads” met for an annual gathering near Philadelphia, PA to hear the legendary founder of Vanguard, the world’s largest fund company, talk about investing. The Bogleheads is a not-for-profit organization in which anyone can post financial questions (at bogleheads.org) and then hundreds of volunteer members (Bogleheads) who are seasoned investors respond with advice — generally without a profit motive. To ask a question, you must join, but you can probably find the answer to your question by using the search engine on the site without joining..."



Resource: aarp.org

Jack Bogle, Investing in Stocks, Bogleheads,

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Thursday, July 14, 2016

Federal Retirees Need To Tighten Belts While Current Employees Expect To See Pay Increases

Federal Retirees Need To Tighten Belts While Current Employees Expect To See Pay Increases

Article Excerpt: "...Later this fall, the Federal Employees Health Benefit Program (FEHBP) will announce health insurance premium increases for 2017. It is expected that premiums could jump due to medical inflation, which is currently triple the overall inflation rate. Total health care spending growth is expected to average 5.8 percent annually over 2015-2025, according to a report just published by the Centers for Medicare & Medicaid Services’ (CMS) Office of the Actuary (OACT). All of these issues, including Medicare Part B premium increases..."



Resource: www.fedsmith.com



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Thursday, July 7, 2016

A Retirement-Savings Tip for Clients Who Are Federal Employees

A Retirement-Savings Tip for Clients Who Are Federal Employees

Article Excerpt: "...Those who have worked for the government since before 1984 are covered by the Civil Service Retirement System, or CSRS. This system grants enrollees a pension, but it also offers the little-known VCP. With a VCP, employees can set aside up to 10% of their lifetime earnings in a fund designed to operate as a supplement to their pension. Contributions are made with after-tax dollars, and tax on the earnings is deferred..."



Resource: www.wsj.com



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Tuesday, June 14, 2016

The Old D.I.Y. Approach to Federal Retirement: Will it Work for FERS Employees?

The Old D.I.Y. Approach to Federal Retirement: Will it Work for FERS Employees?

Article Excerpt: "...The number of FERS employees approaching retirement within the next 24 months is growing quickly. Many of them intend to implement the “Do it Yourself” (DIY) technique to retirement planning...."



Resource: www.fedsmith.com

FERS vs CSRS,

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Thursday, May 19, 2016

Here’s How to Help More Americans Boost Their Social Security Benefits

Here’s How to Help More Americans Boost Their Social Security Benefits

Article Excerpt: "...age 62, the earliest claiming age. That’s a costly move. Benefits rise by 7% to 8% a year until maxing out at age 70—only 2% of workers wait that long to file..."



Resource: time.com



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Friday, April 15, 2016

5 Social Security Rules Every Retiree Should Know

5 Social Security Rules Every Retiree Should Know

Article Excerpt: "...Who qualifies for Social Security, how big your Social Security checks can be, and other must-know Social Security rules..."



Resource: www.fool.com



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How the Life-Expectancy Gap for Rich and Poor Skews Social Security

How the Life-Expectancy Gap for Rich and Poor Skews Social Security

Article Excerpt: "... striking fact that wealthier people are living significantly longer than less wealthy people, and the gap appears to be widening..."



Resource: blogs.wsj.com



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Monday, April 11, 2016

Social Security 'Life Expectancy Calculator'

Retirement & Survivors Benefits: Life Expectancy Calculator

Article Excerpt: "...This calculator will show you the average number of additional years a person can expect to live, based only on the gender and date of birth you enter..."



Resource: www.ssa.gov

Life Expectancy Calculator

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Millions of Americans are about to lose Social Security benefit

Time’s up: Millions of Americans are about to lose Social Security benefits

Article Excerpt: "...the last day folks who qualify can take full advantage of the file-and-suspend Social Security claiming strategy. After April 29, 2016, file-and-suspend becomes a thing of the past. Why so? The Bipartisan Budget Act of 2015..."



Resource: www.marketwatch.com

file-and-suspend Social Security claiming strategy

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Can I Claim Social Security Spousal Benefits?

Can I Claim Social Security Spousal Benefits?

Article Excerpt: "...The divorced spouse must have been married to the worker for at least 10 years in order to qualify. In addition, the divorced spouse must not be remarried. However, the requirement that the worker have filed for Social Security retirement benefits does not apply to divorced spouses as long as the worker is eligible to file for them and as long as the couple has been divorced for at least two years..."



Resource: www.fool.com



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Saturday, April 9, 2016

Social Security: How Much Can I Earn and Still Collect?

Social Security: How Much Can I Earn and Still Collect?

Article Excerpt: "...Three special perks of working while collecting Social Security benefits Additionally, working while collecting benefits could have its perks, according to the SSA. First, benefits deducted prior to hitting your FRA because you've earned too much in the eyes of the SSA will actually boost your benefits once you surpass your FRA...."



Resource: www.fool.com



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Sunday, January 24, 2016

Social Security Q&A: Are Lump Sum Payments Really Going Away?

Social Security Q&A: Are Lump Sum Payments Really Going Away?

Article Excerpt: "...My belief has been that Social Security, due to the new law, would tell him to get lost. But Alan thinks they would pay him all his suspended benefits in a lump sum, but only from the time he first filed for benefits — that is, they would give him back benefits from 66 and a half and not from age 66; they would not include benefits that were retroactive to before he first filed...."



Resource: www.forbes.com



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Monday, December 28, 2015

Your 2016 Guide to Social Security Benefits

Your 2016 Guide to Social Security Benefits

Article Excerpt: "...Here's what you need to know about Social Security in 2016, whether you're about to retire, or are still decades away..."



Resource: www.fool.com

Social Security Benefits

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Friday, December 18, 2015

Modifying A Social Security Filing Strategy After The Recent Rule Changes

Modifying A Social Security Filing Strategy After The Recent Rule Changes

Article Excerpt: "...After the rule change, spousal benefits will only be payable if the first person is actually receiving the benefit. Suspending will result in spousal benefits being suspended as well. - See more at: http://www.fedsmith.com/2015/12/14/modifying-a-social-security-filing-strategy-after-the-recent-rule-changes/#sthash.lyxMR9RK.dpuf..."



Resource: www.fedsmith.com



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Social Security claiming strategies for married couples

Social Security claiming strategies for married couples

Article Excerpt: "...Another strategy that can be used to increase household income for retirees is to have one spouse file for spousal benefits first, then switch to his or her own higher retirement benefit later..."



Resource: www.thespectrum.com



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2016 Budget: Favoring Corporate Welfare, Congress Screws Lower Middle Class and Retirees Then Takes Vacation AGAIN

Article Excerpt: "...succeeded in fending off numerous policy amendments that Republicans had sought to attach to the spending bill, including efforts to block environmental and labor rules...bill is even referred to as a Christmas tree bill because special interests get special presents... jeopardize retirement security, Medicare and Social Security, because those so-called entitlements are next up on the chopping block..."



Resource: www.nytimes.com

Congress, Republicans, Democrats, 2016 Budget Deal, Corporate Welfare, anti-labor deals, Social Security, Medicare, retirement security,

Monday, November 30, 2015

Want your full retirement benefits sooner? Prepare early

Want your full retirement benefits sooner? Prepare early, personnel agency tells federal employees.

Article Excerpt: "...“We advise soon-to-be retirees to have at least three months of savings on which to live while their claim is being processed,” National Active and Retired Federal Employees Association legislative director Jessica Klement said. NARFE also advises employees to prepare early and make sure their applications are complete and include all needed documentation, she said..."



Resource: www.washingtonpost.com

Retirement Planning,

Monday, November 23, 2015

3 Reasons Women Are Better at Retirement Planning Than Men

3 Reasons Women Are Better at Retirement Planning Than Men

Article Excerpt: "... when it comes to your own retirement-planning efforts, it really doesn’t much matter how men and women stack up against each other. What matters is what you do—specifically, whether you participate in a 401(k) or similar plan if one’s available; whether you save enough to give yourself a shot at building an adequate nest egg; and whether you invest your savings in a diversified portfolio with an emphasis on growth...."



Resource: time.com

Wednesday, October 28, 2015

File-and-suspend and other Social Security strategies clipped

Congress patches Social Security, Medicare

Article Excerpt: "...File-and-suspend and other Social Security strategies clipped. Closes some loopholes in Social Security's rules about deemed filing, dual entitlement and benefit suspension in order to prevent individuals from obtaining larger benefits than Congress intended. The new rules affecting dual entitlement affect people who turn 62 after 2015. Rules eliminating benefit suspension will take effect 6 months after the new law is approved..."



Resource: www.bankrate.co

filing a restricted application (Social Security), file-and-suspend (Social Security),

Monday, October 26, 2015

The best states for an early retirement

The best states for an early retirement

Article Excerpt: "...considered sales tax rates, property tax rates and living costs such as health insurance and housing. Click ahead for a look at the top states for an early retirement..."



Resource: www.cbsnews.com

Best States to Retire Early,

Sunday, October 25, 2015

No Social Security raise as prices climb: Data backs local seniors’ worries

No Social Security raise as prices climb: Data backs local seniors’ worries

Article Excerpt: "...“I know my costs have gone up,” she says. Rent on her apartment, which eats up half her income, increased this year. So have her grocery bills. And she expects her utilities to go up next year..."



Resource: www.seattletimes.com

2015 Social Security COLA, COLA,

Wednesday, April 8, 2015

Military Service (Bought) and the FERS Special Retirement Supplement (SRS)

Am I Eligible for the Special Retirement Supplement?

Article Excerpt: "... is designed to replace the portion of an age 62 Social Security benefit that is due to civilian employment under the FERS system (military time that has been bought for FERS retirement..."



Resource: fedsmith.com

Tuesday, April 7, 2015

What's the average Social Security benefit?

What's the Maximum Social Security Benefit?

Article Excerpt: "...The maximum benefit depends on the age at which a worker retires. For a worker retiring this year at age ..."



Resource: aarp.org

Maximum Social Security Benefit, Average Social Security benefit,

Thursday, April 2, 2015

Will your Social Security benefit be taxed?

Are Your Social Security Benefits Taxable?

Article Excerpt: "...Instead of making Social Security benefits taxable or not taxable, they’ve created a system in which a portion of your benefits may be taxable if you earn a certain amount of money. It’s a bit convoluted, but try to follow along. To determine if any of your benefits are taxable, you need to add..."



Resource: www.moneytalksnews.com

Monday, March 23, 2015

Ted Cruz wants to cut Social Security benefits, raise the Social Security retirement age and privatize

Ted Cruz Is About To Announce For President. Here’s What You Need To Know About Him

Article Excerpt: "... he also proposed a three-part plan to raise the Social Security retirement age, cut future benefits, and privatize much of the program. A similar privatization proposal ..."



Resource: thinkprogress.org

Destruction of America's working class, Ted Cruz,

Friday, March 20, 2015

Thursday, March 5, 2015

TSP February Gains

The S Fund Led TSP's February Gains

Article Excerpt: "...The S Fund, invested in small and midsize companies, had the best month of the 10 funds, increasing 6.05 percent. The ..."



Resource: www.govexec.com

S Fund, TSP,

Wednesday, March 4, 2015

10 Cheapest Places Where You'll Want to Retire

10 Cheapest Places Where You'll Want to Retire

Article Excerpt: "...Using data on 223 metropolitan areas across the U.S., we identified the places with the cheapest living costs specifically for retirees. We placed particular emphasis on reasonable price tags for the two biggest retirement budget-busters, health care and housing, and we also looked at states' tax burdens on retirees. ..."



Resource: www.dailyfinance.com

Monday, March 2, 2015

How much did Social Security benefits increase in 2015

Social Security Q&A: How much did benefits increase in 2015?

Article Excerpt: "... The average monthly Social Security benefit for a retired worker in 2015 is $1,328 (up from $1,306 in 2014). The average monthly Social Security benefit for a disabled worker in 2015 is $1,165 (up from $1,146 in 2014). As a reminder, eligibility for retirement benefits still requires 40 credits (usually about 10 years of work). ..."



Resource: www.myrtlebeachonline.com

Wednesday, February 4, 2015

Panel will propose new military retirement system

Panel will propose new military retirement system

Article Excerpt: "...Specifically, the proposal calls for automatically enrolling each service member in the federal government's Thrift Savings Plan, or TSP, an investment account that accrues savings. Individual troops will be responsible for managing their accounts, and the money is typically not available for withdrawal without penalty until age 59.5. ..."



Resource: www.usatoday.com

Tuesday, January 27, 2015

Republicans trying to ensure Social Security Disability Insurance (SSDI) runs short of money in less than two years

Republicans want you to think Social Security has a funding problem. Don't believe them.

Article Excerpt: "...What he doesn't mention is that the regular Social Security fund won't come up short until 2034. Plugging the holes in SSDI would advance that date by only about one year, since SSDI is only a small fraction of the overall program...."



Resource: theweek.com

Monday, January 26, 2015

Retiree info exposed in OPM website glitch: Allowed users access to other retirees' personal information

Retiree info exposed in OPM website glitch

Article Excerpt: "...A glitch in the system allowed retirees logging in to the portal Monday morning to gain access to the personal accounts of other users...."



Resource: www.federaltimes.com

Friday, January 23, 2015

You need to understand FERS – inside and out

Maximizing Retirement Benefits and Perks for Federal Employees

Article Excerpt: "...Whether you just retired or are planning on doing so in the near future, you need to understand FERS – inside and out. Overlooking details can cause you to miss out on some of the great benefits afforded to you. ..."



Resource: www.fedsmith.com

Wednesday, January 14, 2015

Federal Employee Taxes: What will you face in retirement?

Taxes Federal Employees Will Face in Retirement

Article Excerpt: "...When a federal employee has retired, income taxes do not go away, they just change somewhat. Federal pensions, Social Security and distributions from the Thrift Savings Plan are all taxable to some extent. - See more at: http://www.fedsmith.com/2015/01/13/taxes-federal-employees-will-face-in-retirement/#sthash.fYBwQsCU.dpuf..."



Resource: www.fedsmith.com

Taxes in retirement

Saturday, January 10, 2015

Social Security Q&A: Would Either Widow's or Retirement Benefits Be Greater than Child-in-Care Spousal?

Social Security Q&A: Would Either Widow's or Retirement Benefits Be Greater than Child-in-Care Spousal?

Article Excerpt: "...There are three benefits involved here: your mother’s benefit (the survivor’s benefit you are now collecting based on having a disabled child in your care), your widows benefit, which exceeds your mother’s benefit, but will be reduced if you take it before full retirement age (66 in your case), and your own retirement benefit..."



Resource: www.forbes.com

Monday, December 29, 2014

Social Security and FERS Supplement

Social Security and FERS Supplement

Article Excerpt: "...When his FERS suppplement stopped at age 62, he filed for early Social Security benefits. As a FERS employee, I plan to retire with 30 years at age 59. I will receive the FERS supplement until age 62. I plan to wait until ..."



Resource: fedsmith.com

Social Security and FERS Supplement, FERS annuity supplement, Social Security,

Tuesday, December 2, 2014

Windfall Elimination Provision (WEP): Are you affected?

Windfall Elimination Provision (WEP): Are you affected?

Article Excerpt: "...A pension based on earnings not covered by Social Security can affect the amount of your Social Security benefit. ...WEP Calculator..."



Resource: www.ssa.gov

Windfall Elimination Provision (WEP)

Wednesday, November 26, 2014

Social Security Survivors Benefits


Social Security Survivors Benefits

Social Security Survivors Benefits
Social Security Survivors Benefits
Article Excerpt: "...This booklet gives you an overview of Social Security survivors benefits paid to the spouse and children of a worker who dies. This booklet is not intended to answer all the questions you may have. For more information about Social Security’s survivors program, visit our website or call our toll-free numbers...."


Resource: www.ssa.gov

Social Security’s survivors program

Obama executive action would have illegals paying payroll taxes

Illegal immigrants could receive Social Security, Medicare under Obama action

Article Excerpt: "...For those who work, that includes payroll taxes, also known as FICA taxes, because they are collected under the Federal Insurance Contributions Act. The tax payments are usually split between employer and employee and include 12.4 percent collected to pay for Social Security, as well as 2.9 percent to pay for Medicare...."



Resource: www.washingtonpost.com

Tuesday, November 25, 2014

Retiring? Here’s how to get an extra month of Social Security benefits for free

Retiring? Here’s how to get an extra month of Social Security benefits for free

Article Excerpt: "...In this scenario, Joe would receive one month’s extra benefit, less $5, at the expense of having all his benefits from August through the month he reaches full retirement age reduced by one extra month’s reduction. This expense would..."



Resource: www.pbs.org