Your Social Security May Be Taxable. Here’s What You Need To Know

Article Excerpt: "...Because you spend your whole working life paying taxes to Social Security, you may hope to avoid a tax bill when you finally..."

Resource: www.forbes.com

Search Tool: Find employment services for low-income, unemployed seniors

Find employment services for low-income, unemployed seniors

Article Excerpt: "...The U.S. Department of Labor Employment and Training Administration’s Senior Community Service Employment Program (SCSEP) helps subsidize part-time employment and training in community service positions so that older workers can move to unsubsidized, private sector jobs. Get started by..."

Resource: www.careeronestop.org

Senior Community Service Employment Program (SCSEP)

Article Excerpt: "...This Department of Labor (DOL) program helps seniors obtain long-term employment through the learning of new skills such as computer programming and through paid community service at public facilities including schools, hospitals, daycare centers, and senior centers. The idea is that, through this subsidized on-the-job training, you will eventually gain unsubsidized employment..."

Resource: www.dol.gov

Senior Community Service Employment Program (SCSEP)

SSA Benefit Eligibility Screening Tool (BEST)

Article Excerpt: "...The Social Security Administration's Benefit Eligibility Screening Tool (BEST) provides an easy way to find out if you qualify for any additional programs run by the SSA. In addition to Social Security and Medicare, programs covered include SSI, disability, family, spousal/widow(er), and special benefits for veterans. BEST lets you make make sure you don't miss any benefits for which you qualify; the screening can all be done online..."

Resource: benefits.gov

Government programs for older people that you may not know about

Special Government Help for Your Retirement

Article Excerpt: "...Other government programs are also available, but many older citizens do not participate for a variety of reasons, including lack of knowledge about available programs and the complexity of the application process.3 Read on to learn about what's available, who qualifies, and how to obtain help..."

Resource: www.investopedia.com

Federal retirement claims processing not getting any faster

Article Excerpt: "...Federal retirement claims processing is almost back to its pandemic peak. In August, claims took an average of two-and-a-half months — 93 days — to process, compared to 91 days in July and 78 days in June. This is the second-highest monthly processing time since July 2020..."

Resource: federalnewsnetwork.com

How to Apply for Social Security Online

Article Excerpt: "...You may also be able to fill out an application for Social Security retirement benefits through your online account. “Certain types of benefits, such as claiming benefits as the survivor of a deceased spouse, cannot be filed online,” Panko says. For these claims, head to your local Social Security office or call the Social Security Administration..."

Resource: money

Liz Weston: Don’t let Social Security steer you wrong

Article Excerpt: "...“Most people are going to say, ‘Well, that’s what the government told me’ and let it drop. And that’s unfortunate,” says CFP Mary Beth Franklin, author of “Maximizing Social Security Retirement Benefits” and a contributing editor for Investment News..."

Resource: federalnewsnetwork.com

Federal employees face retirement delays due to lags at NFC

Article Excerpt: "...At least three agencies have warned employees in recent months of delays at the National Finance Center, one of the four major federal payroll providers that processes and submits retirement packages to the Office of Personnel Management for further review. Federal News Network reviewed letters from two of the agencies that described retirement processing delays and spoke with a retiree from a third agency, which also warned the wait for annuity payments could be longer than normal..."

Resource: federalnewsnetwork.com

Young Americans Are Saving For Retirement Sooner

Article Excerpt: "...millennials and members of Generation Z—started saving much earlier than their parents, which means their assets will have more time to grow. “People are doing an admirable job,” said Catherine Collinson, president and CEO of the Transamerica Center for Retirement Studies. “With everything that they’ve had to face, it’s very impressive people are still planning about their future..."

Resource: www.forbes.com

How to Protect Your Pension in Divorce

Article Excerpt: "...Separating your assets from those of your spouse can be particularly tricky if your pension plan is at stake. A pension earned by one spouse is generally considered a joint asset, which means it's subject to division in divorce. If a marital split is in the works, here's what you can do to shield your pension benefits as much as possible..."

Resource: www.investopedia.com

Big 2022 COLA: Good news or bad news?

Article Excerpt: "...People who retire voluntarily under the FERS don’t get any cost-of-living adjustment until they reach age 62. And once they are eligible for inflation catchups, they are under the diet COLA rule, meaning that once the January COLA exceeds 2 percent, FERS retirees get less. If the January 2022 COLA is 6%, CSRS retirees will get the full amount. FERS retirees (except for law enforcement, air traffic controllers and others under mandatory age rules) won’t..."

Resource: federalnewsnetwork.com

3 Solid Dividend Stocks For Enhancing Retirement Income

Article Excerpt: "...In this favorable environment for higher dividend income, below we analyze three blue-chip stocks which could prove a good fit for any retirement portfolio..."

Resource: www.investing.com

Democrats and Republicans agree on one thing: Retirement security is in jeopardy

Article Excerpt: "...Economic Innovation Group proposes to expand on the federal Thrift Savings Plan—the retirement savings plan used by the federal government for its employees—to all working Americans. Voters seem to be on board, and support for a universal savings plan (78%) beat out other prominent wealth-building initiatives by a large margin like universal basic income (47%), child allowances (41%), and baby bonds (40%), according to the survey..."

Resource: yahoo.com

For retirees on fixed incomes, rising prices for consumer goods can be tough

Article Excerpt: "...“I’m a little bit worried about retirees who are very sensitive to gasoline prices … and thinking they have to cut back might might make elders more isolated,” she said..."

Resource: www.marketplace.org