Can I take my FERS pension as a lump sum?
Article Excerpt: "You can request a refund of your pension contributions as a lump sum payment, or you can ..."
Resource: governmentdealfunding.com
A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Friday, July 22, 2022
Can I take my FERS pension as a lump sum?
Resource: governmentdealfunding.com
Thursday, July 21, 2022
Preparing for Retirement When You’ve Gone Through a Divorce
Preparing for Retirement When You’ve Gone Through a Divorce
Article Excerpt: "...As stressful as things might seem, a divorce doesn’t have to put a dent in your savings or delay your retirement. You can prepare as scheduled if you take the right precautions. Here are some tips about preparing for retirement in the midst of a divorce. ..."
Resource: www.nasdaq.com
Sunday, July 10, 2022
101 Fun Things to Do in Retirement Paperback
101 Fun Things to Do in Retirement Paperback
Article Excerpt: "The Perfect Retirement Gift, or Simply a Great Read for Anyone That Loves Life and Laughter! REVISED, EXPANDED AND UPDATED ***Welcome to retirement!**** No more morning commute, no more idiotic bosses, no more stressful deadlines! You are now officially off the clock and the world is your oyster! There is no need to be bound by convention. Push the envelope. Do it weird, do it different, but most of all do it fun! Be that cigar chomping rocknroll granny if it takes your fancy. Seriously, if your kids arent worried about what you are up to, then you are probably not doing it right!..."
Resource: Amazon
Saturday, July 2, 2022
What is a good retirement income for a single person?
What is a good retirement income for a single person?
Article Excerpt: "...According to AARP, a good retirement income is about... This is because when you're no longer working, you won't be paying income tax or other job-related expenses. ..."
Resource: www.annuity.org
4 Steps to a Happy Single Retirement
4 Steps to a Happy Single Retirement
Article Excerpt: "According to AARP’s own internal analysis of additional census data, 18% of men and women over 50 never had biological children; it’s 11% for those 75-plus. In addition, the number of Americans who never marry...people with partners or spouses and children can also find themselves facing retirement alone—through divorce or widowhood, if children move far away or become estranged. But those who have always or long been single and childfree know they have only themselves to rely on."
Resource: www.kiplinger.com
Threats to Retirement Benefits
Threats to Retirement Benefits
Article Excerpt: "First, yes, congress does have the power to cut benefits being received by current federal retirees. ..."
Resource: afsa.org
Online Foreign Service Resources
Online Foreign Service Resources
Article Excerpt: While AFSA does its best to maintain information on all that may concern the Foreign Service community, we readily admit that we are not always the best resource for each and any issue. To supplement our information, we are happy to provide a constantly-increasing list of excellent online resources for a variety of subjects.
Resource: afsa.org
Sunday, June 26, 2022
Social Security Expansion Act (SSEA) | H.R.8005
Social Security Expansion Act (SSEA)
Article Excerpt: "...The SSEA would boost benefits for current and new Social Security beneficiaries by $200 per month, or $2,400 per year. Individuals wouldn’t have to wait until their full retirement age under the bill, either. Anyone who turns 62 would be eligible for the increase. In addition, DeFazio and Sanders want to increase Social Security’s cost-of-living adjustments (COLAs). ..."
Resource: www.koamnewsnow.com
Five reasons you may not be receiving the max Social Security benefit – why your benefit is less than expected
Five reasons you may not be receiving the max Social Security benefit – why your benefit is less than expected
Article Excerpt: "...The average Social Security benefit in 2022 is $1,657, while beneficiaries can receive up to $4,194 a month. ...If you're receiving less than you expected, it may be due to one of the following reasons..."
Resource: www.the-sun.com
Caring for our senior citizens
Caring for our senior citizens
Article Excerpt: "Our state owes a great deal of gratitude to retired Americans, and those about to retire, who have contributed so much to our community. ...Under a new law I voted for, Illinoisans on Medicare are now able to switch supplemental plans without worrying about higher premiums, underwriting or pre-existing conditions. "
Resource: www.journalstandard.com
Saturday, June 25, 2022
Retirement and Social Security Benefit Resources - AARP
Retirement and Social Security Benefit Resources - AARP
Article Excerpt: "...Retirement and Social Security benefits guide with help from AARP retirement calculator and tips on when to collect 401k and other investments. ..."
Resource: www.aarp.org
Sunday, June 19, 2022
For federal retirees, COLA is not a retirement panacea for inflation
For federal retirees, COLA is not a retirement panacea for inflation
Article Excerpt: "...“The reality is that CPI-W number that is released by the BLS doesn’t include everything we spend our money on,” Kowalik said in an interview. As cost-of-living is relative to the economy, so too are benefits relative to expenses for retirees. A study from The Senior Citizens League found that since 2000, COLAs have increased Social Security benefits by a total of 64%, yet typical senior expenses through March 2022 more than doubled, at 130%...."
Resource: www.federaltimes.com
Tuesday, June 14, 2022
2022 | The Highest Gas Prices in U.S. History
Records Broken: Highest U.S. average gas price in the United States history
Article Excerpt: "...average gas price in the United States went above $5 for the first time in history. Now, they’re even higher. The average price as of... Biden next month is planning to visit Saudi Arabia to convince OPEC+ to up energy production ...An analysis in The Hill, however, suggests that the controversial move is unlikely to work."
Resource: nationalinterest.org
Why 2022 has been a dangerous time to retire?
Why 2022 has been a dangerous time to retire
Article Excerpt: "...As stock prices continue to slide, is it really the right time to retire? The S&P 500 officially entered a bear market after falling more than 20% from its peak in early January... nearing retirement, all of this market volatility can be especially unnerving..."
Resource: www.fool.com
The Real Problem With Inflation | It erodes not only wealth, but also trust
The Real Problem With Inflation | It erodes not only wealth, but also trust
Article Excerpt: "...During periods of high inflation, investors may need to set aside a larger percentage of income for retirement savings. At the same time, the rising cost of living can increase the risk of prematurely depleting a retirement nest egg. And as John Rekenthaler has pointed out, higher inflation that takes place during the first five years of retirement can be particularly damaging..."
Resource: www.morningstar.com
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