A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...The community of bunkers sits on a former Army base where the closest Walmart is about two hours away...."
Article Excerpt: "The retiree annuity supplement is a retirement benefit paid to those employees covered by the Federal Employees Retirement System (FERS) who retire before age 62 and who are entitled to an immediate FERS annuity. The retiree annuity supplement approximates the value of FERS service in a Social Security benefit. The purpose of the supplement is to..."
Article Excerpt: "You work for decades, regularly paying taxes to help fund Social Security. Then you retire at the end of a long career and begin to get back the money you put in all those years. No more taxes, right?..."
Article Excerpt: "If you’re already receiving Social Security benefits or Railroad Retirement Board (RRB) benefits, we’ll contact you a few months before you become eligible for Medicare and send you information...We will not automatically enroll you in a Medicare prescription drug plan (Part D). Part D is optional, and you must elect this coverage. For the latest information about Medicare, visit the website..."
Article Excerpt: "The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67...."
Article Excerpt: "...America’s population is graying, as they say. And the retirement home industry is booming as a result, expected to swell exponentially over the next several years. Meanwhile, nearly a fifth of Americans provide care for an adult, according to the AARP. And more than half of adults ages 50 to 80 provide care for someone 65 or older, according to the University of Michigan’s 2022 National Poll on Healthy Aging. For many adult caregivers—especially working ones—something will eventually have to give. Psychologist Allison Applebaum, Ph.D., knows this all too well. The author of the forthcoming book Stand by Me, Applebaum cared for her aging father..."
Article Excerpt: "...Even those who have worked hard and saved their whole lives may find themselves losing spending power and sinking into poverty after they retire. ...look out for these pitfalls to remain as financially secure as possible. Even falling into one or two of these traps can lead to financial trouble."
Article Excerpt: "...According to a recent survey from F&G, half (50%) of pre-retired and retired Americans are considering delaying or coming out of retirement. Financial factors are certainly a reason, with 52% of pre-retirees worried they won’t have enough money in retirement, and 42% of retirees worried about inflation. ..."
Article Excerpt: "...New research explains why: The modern-day Scrooge of Bidenomics has reduced the real value of the average 401(k) by a quarter in the last two and a half years. The study, published with the Committee to Unleash Prosperity, examined individual retirement accounts (IRAs) and pension plans and found shocking losses under the Biden administration, enough to delay many Americans’ retirement plans for years. How this happened is a painful lesson in government overspending and overregulating, the hallmarks of Bidenomics...."
Article Excerpt: "...Retirement is typically a time to relax. But investing some of that free time into learning new skills can help keep your mind sharp. Many institutions across the U.S. offer free college courses for seniors. These programs are an excellent opportunity to explore new interests and stay intellectually active. And you don't always have to worry about grades either — many schools allow seniors to audit classes without doing homework or taking exams. But what colleges offer free tuition for seniors? And what are the requirements for these programs? Here are 20 universities with free college courses for seniors, along with overviews of how they work. ..."
Article Excerpt: "...Here are the steps to creating and maintaining an estate plan..."
Article Excerpt: "...Defying conventional wisdom, Gen Xers and millennials—who share reputation for being financially unstable—may be better prepared for retirement than the older and more dependable baby boomers. ..."