Article Excerpt: "...The all items index rose 2.7 percent for the 12 months ending November, after rising 2.6 percent over the 12 months ending October. The all items less food and energy index rose 3.3 percent over the last 12 months. ..."
Article Excerpt: "...What is the average retirement income for a single person? According to the U.S. Census Bureau, the median income for nonfamily households, 65 years and over, is $27,413 (2023). The mean income is $44,474. ..."
Article Excerpt: "...when I asked my wife if we could have some of my friends come for a small gathering at our house, her response was a big NO, the reason being that she had had previous parties for her parents and siblings for other occasions and didn’t feel that celebrating my retirement was necessary. At that moment, I felt totally unvalued, and I never brought the subject up again. However, it surprised me that three weeks later, my wife was the key organizer for a retirement party for a member of her church, in which I saw her put in a lot of effort and time organizing something for someone unrelated to her. ..."
Article Excerpt: "...The narrative of a miserly, Scrooge-like figure hoarding his wealth for years instead of enjoying his retirement might seem unbelievable—but unfortunately, it isn’t relegated only to fiction. It’s a cold reality for many retirees. ...It’s important to remember that this is the money you’ve spent years toiling over and protecting. Now, during a long and happy retirement, is the time to put that money and free time to good use, funneling both resources into your version of a life well-lived. ...
Article Excerpt: "...Regrets included retiring too early, taking Social Security benefits prematurely, and draining retirement savings too quickly. Others said unpreventable life events like a spouse's death or medical emergency set them back. Many wished they held onto jobs longer or better understood how sudden costs could hurt their wallets. And a few talked about finding community — and themselves — in retirement. ..."
Article Excerpt: "...The annual federal benefits open season running from next Monday (November 11) through December 9 will offer the usual range of choices in the Federal Employees Health Benefits program and also notably will start the transition of Postal Service employees and retirees into the new Postal Service Health Benefits program beginning in January. ..."
Article Excerpt: "...Official websites use .gov
A .gov website belongs to an official government organization in the United States.
Secure .gov websites use..."
Article Excerpt: "...Why Use Self Lock? Employment-related identity fraud could mean that someone else is working under your identity and using your SSN. If this happens, someone else’s wages could be reported in your name to the Internal Revenue Service, the Social Security Administration, and other authorities. By using Self Lock, you can block someone from committing this fraud if they start working for an E-Verify employer. Even if you are not currently working, you may want to protect your SSN and identity with Self Lock. How to Use Self Lock
To access Self Lock, you must be logged in to your myE-Verify account.
To lock your SSN, you must select and answer three challenge questions. Select questions you can easily answer, because you will need to answer them again to verify your identity if you receive an E-Verify Tentative Nonconfirmation (mismatch) due to Self Lock.
If you are about to start a new job with an E-Verify employer, you should log into your account and unlock your SSN."
Article Excerpt: "...Trump Is Trustworthy
According to Drew, Trump comes across as the more credible candidate because she believes he follows through on his promises.
“I personally trust Trump because he does what he says he will do; he will stop the taxation of Social Security.” Drew depends on her Social Security check and likes Trump’s plan of not taxing her monthly benefits...."
Article Excerpt: "...As you may have heard by now, major changes are coming to Post Office health insurance plans in 2025 as the result of the Postal Service Reform Act of 2022, but one part of this law, scheduled to go into effect Jan. 1, 2025, will require most future retirees to take on an additional expense in retirement, impacting their monthly finances for life. ... 1. If you will be age 64 or older by Jan. 1, 2025, the new law will not affect you.
2. For all others, if you retire on or after Jan. 1, 2025, you will now be required to take Medicare Part B when you turn 65 or retire, whichever is later, in order to keep your Post Office health insurance."
Article Excerpt: "...Social Security recipients will see a 2.5 percent increase in their monthly checks next year, the federal government announced Thursday. It’s a smaller hike than in recent years..."
Article Excerpt: "...The average monthly annuity payment for a Federal Employees' Retirement System (FERS) retiree in 2023 is $2,126. This does not include income from Social Security or the Thrift Savings Plan (TSP). FERS benefits are calculated by multiplying a retiree's "high-3" average salary by their years and months of service. If a retiree was at least 62 years old when they separated and had at least 20 years of service, their annuity is 1.1% of their "high-3" average salary. ..."
Article Excerpt: "...The House is on the cusp of taking a major step toward the elimination of the Windfall Elimination Provision and the Government Pension Offset.
While finally putting a knife in the heart of the WEP/GPO still will take an act of the Senate, congressional support may be coming at the perfect time. ..."
Article Excerpt: "...“The premium increases are due to the impact of price increases by providers and suppliers, increased utilization of certain prescription drugs and behavioral health spending,” OPM said. “Industry-wide cost pressures affect FEHB and PSHB rates similarly.” In dollars, FEHB enrollees will begin paying an average of $26.10 more toward their biweekly health premiums in 2025. ..."
Article Excerpt: "...For many retirees, it doesn't get much better than relaxing on the beach and enjoying the sunshine. Retiring in Hawaii, then, could be a dream come true for many people. As with any state, though, there are advantages and disadvantages to calling Hawaii home. While it can be an incredibly costly place to retire, there are plenty of perks to starting your next chapter in life in The Aloha State. ..."