Article Excerpt: "Once you open a CD, you cannot close it without penalty, so ensuring you get the best rate is essential. Every bank and credit union offers its own rate, with credit unions typically having higher percentages. A longer investment period will also typically offer higher rates. ..."
Article Excerpt: "When it comes to retirement, where you live can greatly affect just how golden your post-career years actually are. A new study from Bankrate ranks all 50 U.S. states when it comes to affordability, overall well-being, healthcare quality/cost, weather and crime. With soaring inflation and a volatile stock market, affordability was given the most statistical weight, with the others decreasing respectively. ..."
Article Excerpt: "...a somber retirement forecast for Generation X workers – those who are now between the ages of 41 and 56. ...savings are concentrated among top earners...after the move away from defined benefit pensions in the private sector, most Gen Xers will not enjoy the secure retirement income that pensions have provided to so many... "
Article Excerpt: "Legislation also directs FAA to ‘increase air traffic controller hiring targets’...The legislation, titled Securing Growth and Robust Leadership in American Aviation Act, passed Thursday by a 351-69 vote, according to the House Committee on Transportation and Infrastructure. The Regional Airline Association group told Reuters that it supports raising the retirement age of pilots because it "allows retention of more experienced captains, who can in turn fly alongside and mentor new first officers, helping to stabilize attrition." ..."
Article Excerpt: "...the uncertainty of how long one will live during retirement creates a significant challenge, making the decision to claim benefits a daunting task. A well-thought-out retirement income plan is essential to ensure a comfortable life without the fear of running out of money.
This column explores Social Security’s crucial role in retirement income planning, the various claiming strategies available, and the importance of seeking professional guidance to make informed decisions. ..."
Article Excerpt: "...A quarter of Americans have had to pull back on saving for retirement because of persistent inflation, new data shows, potentially derailing their long-term financial goals for years to come. In 2022, almost half of those who trimmed their savings, or 12%, stopped putting money away for retirement altogether, according to an annual study conducted jointly by the Global Financial Literacy Excellence Center (GFLEC)..."
Article Excerpt: "...Ways and Means Committee Ranking Member Richard E. Neal (D-MA) reintroduced his legislation, the Public Servants Protection and Fairness Act of 2023, to fix the Windfall Elimination Provision (WEP). The bill provides meaningful relief to current WEP retirees and fixes the WEP for future retirees, ensuring public servants can retire with the security, dignity, and peace of mind they deserve: “The WEP negatively affects 2 million retired public servants across the country, including almost 90,000 in Massachusetts, and our firefighters, teachers, and police officers deserve relief,” said Ranking Member Neal. “The Public Servants Protection and Fairness Act garnered broad bipartisan support in the 117th Congress because public employees not miss out on the Social Security benefits they earned over decades of hard work. With this legislation, these valued members of our communities will have greater retirement security and peace of mind.”..."
Article Excerpt: "...With Nic Cage looking like Jimmy Buffet’s corpse and a stellar cast of That Guys, The Retirement Plan only has enough plot to justify Cage’s character beating the hell out of as many henchmen as possible. Seems like some bad dudes want to do bad stuff to a woman (Ashley Greene Khoury), so her daughter (Thalia Campbell) goes to get grandpa, and that grandpa is Nic Cage, and he slumps out of the rum bottle long enough to jab it into some throats. ..."
Article Excerpt: "...after speaking to job experts, watching webinars, and reading the latest research, I know this much is clear: AI and ChatGPT, the tech tool with the fastest adoption in history, can help you find, and do, work in unretirement. ..."
There are many events in a retiree’s life that might affect your benefits, such as Marriage/Divorce, Name Change, Survivor Benefits, Reemployment, Designating Beneficiary, Rep Payee, Court Order, etc. OPM also publishes a pamphlet on Life Events the RI 38-126: Life Events and Your Retirement and Insurance Benefits (for Annuitants)(PDF file) pamphlet is available for download in the OPM Retirement and Insurance Publications directory.
Article Excerpt: "Medicare supplement Plan G is the highest-coverage plan available for new Medicare members. ...Plan G covers certain expenses such as coinsurance, copayments and deductibles that aren't covered under Medicare Part A and Part B, also known as Original Medicare. Medicare supplement Plan G offers a lot of coverage, but it’s also one of the more expensive options. ..."
Article Excerpt: "It's very possible you're doing better than most. On the other hand, most people aren't doing as well as they'd like. ...Although the amount of money people have saved up varies widely with age (the older you are, the more you've been able to accumulate), almost everyone agrees on one important number. That is, most of the investors Northwestern Mutual queried for this study said they'd need just under $1.3 million to retire comfortably. ..."