A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...a vital source of income during retirement. According to surveys conducted by national pollster Gallup, nearly 90% of current retirees lean on their Social Security income to make ends meet. ...1. Biden leaves the door open to raise the full retirement age, 2. Joe Biden calls for means-testing"
...once again threatening a debt-ceiling debacle, President Biden is singing a much harsher tune than his younger self. The very idea of negotiating, he’s insisting, is off the table. Obama’s Council of Economic Advisors that fateful summer...what we learned in 2011, we switched to a new way of approaching the debt limit.” That year’s federal-government credit-rating downgrade, collapse in consumer confidence, and spiking interest rates are front of mind for Biden...Back then, “we saw some upside to negotiation, and considerable upside in a grand bargain,” said Furman, who went on to serve as Obama’s chair of the Council of Economic Advisers and now teaches at Harvard. McCarthy has said he won’t demand cuts to Medicare and Social Security...
Reference: nymag.com
Article Excerpt: "...population growth is increasingly driven by net immigration flows. ...The agency then adjusted that initial forecast to incorporate the effects of COVID-19 on mortality rates. Through 2042, that adjustment increases mortality rates for older people, who are more likely to die from COVID-19...."
Article Excerpt: "... "Baby boomer" is a term used to describe a person who was born between 1946 and 1964. The baby boomer generation makes up a substantial portion of the world's population, especially in developed nations. According to the latest census report, it represents 73 million of the population in the United States, as of July 2019. As the largest generational group in U.S. history (until the millennial generation slightly surpassed them), baby boomers have had—and continue to have—a significant impact on the economy. As a result, they are often the focus of marketing campaigns and business plans. ..."
Article Excerpt: "...focuses on the continued exit from the labor force of workers, primarily those age 65 and older. ...The rate of retirements exceeds that predicted by the demographic shift of baby boomers into retirement." Veterans were more likely to be retired versus nonveterans, especially among those workers ages 65 to 74. ...
Article Excerpt: "In recent months, injectable prescription medications such as Ozempic, Mounjaro and Wegovy, which were created for those with type 2 diabetes, have seen a rise in popularity among individuals who view the drugs as a quick-fix weight-loss method. ...doctors have now issued a warning about “Ozempic face,” a possible side effect of using the drugs..."
Article Excerpt: Sign-in to OPM Services online to get your 1099R and get an early start on your taxes.
Article Excerpt: "...Affecting a small percentage of Social Security beneficiaries, the Windfall Elimination Provision (WEP) is a modified benefit formula that can reduce the size of your Social Security retirement or disability benefit if you receive a pension from a job in which your employer hadn’t withheld Social Security taxes from your salary...."
Article Excerpt: "Americans want to retire early — at or around 62, according to a survey from Natixis Investment Managers. ...At first, it could seem like the obvious answer is that it is better to own, but there is actually a strong argument for both renting and owning. ..."
Article Excerpt: "...Many Americans face a more difficult retirement than their parents enjoyed, thanks to vanishing employer pension benefit programs, potential cuts in Social Security benefits and rising health care costs, according to The Nation’s Retirement System, a report issued by the U.S. Government Accountability Office (PDF). Whether you’re approaching retirement or that post-career time is decades away, you’ll want to know what you’re up against when it comes to preparing for retirement. ..."
Article Excerpt: "...Since the Food and Drug Administration (FDA) hasn’t approved Marijuana and it’s illegal in most states, Medicare won’t cover the medication. Many states don’t recognize cannabis as having medicinal properties until it’s legalized on the federal scale, so no type of insurance will cover you in the dispensaries. While coverage for your THC inhalation may not be approved, cannabinoid-based medications that are approved by the FDA may have coverage...."
Article Excerpt: "...Vickie Lynn Williams, 50, went before a Lake County judge Saturday. ..."You are charged with one count of grand theft statutory property. The other charges are two counts of murder in the first degree. After reviewing your criminal indigent status, I've appointed the public defender's office to represent you," Judge Emily Curington said during the Zoom court session. "There's no bond on any of these three charges."..."
Article Excerpt: "..."To bolster retirement security for older African Americans who have spent a lifetime working, the Biden Social Security reform plan will raise benefits for vulnerable beneficiaries...Biden proposes to boost average benefits across the board while putting Social Security on a long-term path to solvency by raising payroll taxes for workers with more than $400,000 in earnings"
Article Excerpt: "...With Artemis I and Orion getting off the ground in 2022, it’s probably no surprise that the U.S. Space and Rocket Center continues to soar as the top attraction not only in Huntsville, but also the state. But other attractions in the Rocket City such as the Huntsville Botanical Garden and the Orion Amphitheater..."
While Huntsville has a long history of rocket scientists and engineers, we can’t forget about the amazing creative people who call the Rocket City home. Explore the city’s creative side with this fun, free, self-guided mural tour.
Reference: Paige Minds the Gap