Article Excerpt: "Social Security benefits are a substantial source of income for many older adults. Among those age 65 and older...If you're married or divorced, you could be entitled to a special type of Social Security. The average retiree eligible for this type of benefit collects around..."
Article Excerpt: "...The average 401(k) account balance was up 14% from last year, at $118,600, Fidelity said ..."
Article Excerpt: "...Your application for disability retirement must be received by OPM within one year after the date of your separation. If you have been separated from Federal service for more than 31 days, your former employing agency may no longer have your personnel records and may not be able to recover them in time to process your disability retirement application and submit it to OPM within the one-year time limit. If this is the case, you should submit your application directly to OPM rather than to your agency. ..."
Article Excerpt: "...In many ways, this is a perception versus reality problem. What rich people perceive to be true — and what is — regarding their finances, can have a massive impact on their futures.
Here are some of the many reasons why rich people often underestimate how much they must save for a comfortable retirement.
As the value of homes increased, many households felt more financially secure without fully accounting for their..."
Article Excerpt: "Pension spiking, sometimes referred to as "salary spiking", is the process whereby public sector employees are granted large raises, bonuses, incentives or otherwise artificially inflate their compensation in the time immediately preceding retirement in order to receive larger pensions than they otherwise would be entitled to receive. This artificially inflates the pension payments due to the retirees. ..."
Article Excerpt: "California retirees are losing income as their pension funds make adjustments to comply with a 2013 law that attempted to curtail “spiking.”...Until 2020, the Ventura fund permitted workers to choose a 12- or 36-month period to calculate their average income. Those dates did not have to align with a calendar year, and an employee over a 12-month period could cash out unused hours of personal leave in amounts that exceeded a single year’s vacation buydown allowance. The appeals court upheld the Ventura retirement fund’s decision to prohibit such “straddling. — or, as the Ventura retirement fund’s attorney Ashley Dunning labeled it, “pension spiking.”..."
Article Excerpt: "The First State offers many perks to retirees, who now make up a fifth of its population. Delaware may be one of the smallest states, but its beautiful Atlantic Ocean coastline, favorable tax policies, and wellness amenities have made it a popular choice for retirees. According to Census data, almost 21 percent of its population (approximately one million in 2022) consisted of people 65 and over. And Bankrate recently ranked the First State as the second-best state...Delaware’s 25-mile coastline attracts the most interest from retirees. ...Click Here to read the entire article by Dobrina Zhekova"
Article Excerpt: "...Retirees have claimed they have contacted the city of Montgomery but have not received a call back or a solution to their problem. Amwins Senior Vice President Justin Goodwin told WSFA 12 News he has talked to over 40 Montgomery retirees. He said none of them had a similar situation or had an issue that could not be resolved. “I have yet to deal with a medical provider not accepting the plan or them losing a provider because of the coverage,” Goodwin said. “No issue like that has escalated up to me, and that’s a pretty big one.”..."
Article Excerpt: "...Signing up for Medicare involves making important decisions. For instance, you can sign up for a Medicare Advantage plan or enroll in Medicare Supplement Insurance, or Medigap. You can't sign up for both types of coverage, so you'll want to understand how each works. The biggest difference between Medigap and Medicare Advantage is that with a Medigap plan, you have the freedom to see any doctor that accepts Medicare, whereas with Medicare Advantage, you must get care within the plan's network of doctors and hospitals unless it's an urgent or emergency situation. Here's what you should know. ..."
Article Excerpt: "...William Doherty, president of the NALC from 1941 to 1962 pushed this initiative near the end of his presidency. In 1963, 253 acres were bought near Lake Weohyakapka or Lake Walk on Water, in Central Florida. The acronym stands for the National Association of Letter Carriers Retirement, Education, Security, and Training. Because of Housing & Urban Development laws and the fact that the land was mortgaged, anyone, including non-NALC members could live on the grounds. That changed in 2002 when the mortgage was paid off and NALCREST began to serve its intended community: NALC members. It is currently still only available to retired NALC members in good standing. NALCREST has ..."
Article Excerpt: "The United States Department of Labor received an emergency court order to protect retirement plan assets owned by a Sewickley company that allegedly embezzled millions of dollars from those plans. ...According to the Department of Labor, RiversEdge Advanced Retirement Solutions LLC and its owner, Paul Palguta, embezzled over $5.5 million from plans they administered. ..."
Article Excerpt: "...Regret retiring? Here’s your shot at a second chance in the Air Force. The service announced Wednesday that it will reopen a recall program to fill as many as 1,000 mid-career commissioned and enlisted jobs, including pilots, combat systems officers, recruiters, air traffic controllers and more. ...The application window for the Voluntary Retired Return to Service Program opens Thursday, the Air Force said in a release. Applications must be submitted by Jan. 31, 2026, to serve on active duty for no more than 48 months. Those selected can expect to return to uniform between four and six months after they apply. “The VRRAD program is a"
Article Excerpt: "...When you sell your primary home, the IRS allows you to exclude a significant portion of the profit from your taxes. This exclusion – $250,000 for single filers and $500,000 for married, joint filers – is large enough that many sellers don't end up paying federal taxes on the capital gains from a home sale. But if you’re netting..."
Article Excerpt: "...There’s no place like home — especially as you age. Most adults ages 50 and up — 77% — want to stay in their homes long term, according to AARP. Yet many are putting off the necessary improvements and upgrades to their homes to make that possible. ..."
Article Excerpt: "Getting rid of stuff is a challenge, but it can pay off in the long run. ...For millions of retirees, downsizing straddles the challenging area between desire and necessity. Singles or couples may not need a 2,000-square-foot-plus home. A pressing need to reduce living expenses may also be a deciding factor. A smaller living space typically means lower tax and smaller bills for utilities and maintenance...."