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Direct Deposit: A Fast, Convenient, and Secure Way to Receive Your Benefit Payments
(Source – blogs.ssa.gov) At Social Security and Veterans Affairs, issuing timely benefit payments is a core service we both provide. After all, we know you want your benefits on time to cover your household or medical expenses. The most secure…
Tips on answering your federal employee retirement application
Are you a Federal employee and getting ready to retire? Are you reviewing your retirement application and don’t know how to answer the question about your court-ordered survivor annuity? If you are not sure how to answer it correctly and…
The pandemic is postponing retirement but not for the reason you might think
The worldwide pandemic has forced some people to postpone their retirement for financial reasons and others the work keeps them busy. Since many jobs are now home-based, working from home is significantly less stressful. “Some people who were on the…
A few things you can do with a “my Social Security” account
Do you have a “my Social Security” account? Do you know all the things you can do with your “my Social Security” account? You can request a replacement Social Security card, get your benefit verification letter and check your benefit…
Doctor visits were down in 2020 but HSA spending was up
Although the doctor and hospital visits were down in 2020, there were significant increases in health savings account spending. According to a new report from Lively, Inc., an HSA provider, “change in consumer behavior due to COVID-19 and shelter-in-place orders…
Is paying off your mortgage before you retire a good thing?
Many people have their mortgage paid off before they retire while others are striving to reach that goal. But, is that the best choice? Are you better off using that money to increase your long-term savings or pay down costlier…
How much do you need to live in your state comfortably
Using data from the Bureau of Economic Analysis, the Bureau of Labor Statistics and the Institute for Health Metrics and Evaluation at the University of Washington, the financial news company 24/7 Wall St. compiled what it would cost to retire…
Even a small amount of money can add up over time
Everyone’s goal is to reach financial freedom in retirement. Some people started early and saved while others started later and need to catch up, to achieve some form of financial freedom in retirement. But even a small amount of money…
What is creditable coverage?
You are turning 65 but you not sure whether or not to enroll in Medicare but afraid of the potential late enrollment penalties. If you have creditable insurance coverage, usually from an employer, union, or other organization, you may be…
The clock is ticking to contribute to your Roth IRA for 2020
If the pandemic interrupted your IRA contribution schedule, you still have a chance to make up for it. You can still contribute four-figures to a Roth IRA, but the clock is ticking. You have until April 15, 2021, to contribute…