Saturday, November 30, 2024

What is the average retirement income for a single person?

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. ..."



Resource: www.retireguide.com

average retirement income for a single person





Dear Annie: My wife makes no effort to recognize my retirement or birthday

Dear Annie: My wife makes no effort to recognize my retirement or birthday

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. ..."



Resource: www.masslive.com

Selfish Spouses,





The strange psychology of retirement income: Why spending money feels riskier after years of saving

The strange psychology of retirement income: Why spending money feels riskier after years of saving

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. ...

..."



Resource: fortune.com







When Should You Retire and Take Social Security? Boomers Share Regrets.

When Should You Retire and Take Social Security? Boomers Share Regrets.

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. ..."



Resource: www.businessinsider.com







Thursday, November 7, 2024

Open Season Just Ahead; Transition to New Program Begins for Postal Employees, Retirees

Open Season Just Ahead; Transition to New Program Begins for Postal Employees, Retirees

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. ..."



Resource: www.fedweek.com

Outrageous BCBS Increases, Why are so many Postal Retirees moving to GEHA over BCBS? Rates and coverage,





Sunday, November 3, 2024

How do you know (verify) you are on an OFFICIAL website of the United States Government?

How do you know (verify) you are on an OFFICIAL website of the United States Government?

Article Excerpt: "...Official websites use .gov A .gov website belongs to an official government organization in the United States. Secure .gov websites use..."



Resource: Secure Your Life Tips

How do you know (verify) you are on an OFFICIAL website of the United States Government





Lock Your Social Security Number at e-verify | Prevent Identity and Employment Social Security Theft

Lock Your Social Security Number at e-verify | Prevent Identity and Employment Social Security Theft

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."



Resource: www.e-verify.gov