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Federal Employees Retirement System (FERS): Reduced Value
Although financial planners familiar with the federal benefits program say that in a society where pension plans have become a thing of the past, federal and postal workers will be among the nation’s best-off seniors; however, Mike Causey of Mike…
Social Security Benefits and Taxes: What your Employees Should Know
Depending on the amount of their taxable income for the year, about forty percent of people receiving Social Security benefits must pay taxes on some of these benefits. Read article here… Notice: The link provided in the text above connects readers to…
Beware Your Social Security Number May Have Been Exposed
The Maine Department of Labor’s computer system had an indirect role in exposing thousands of Mainers’ Social Security numbers to a computer hack. Although the department’s computer system was not breached, its age and lack of compatibility with modern systems…
The Gap Between Expecting to and Actual Retirement Age
According to the 2017 Retirement Confidence Survey (RCS) from the Employee Benefit Research Institute (EBRI), there is a big gap between when active workers expect to retire and when retirees say they actually did. Read article here… Notice: The link provided…
Tax Tips for Retirees
Until the men and women in Washington who write the tax law deliver on their promise to cut taxes, you’re stuck with the rules as they stand now. The linked article gives some ideas on trimming your tax tab. Read…
Saving For Retirement While Working in the Gig Economy
According to a new survey from Small Business Majority, four in ten self-employed workers do not have a retirement account. Read article here… Notice: The link provided in the text above connects readers to the full content of the referenced article. The URL (internet…
How to Have a Satisfying Retirement
According to an Employee Benefit Research Institute survey, when asked how retirement has turned out for them, 49 percent of recent respondents said “very satisfying,” 41 percent said “moderately satisfying,” and only 10 percent found it to be “not at…
Required Minimum Distribution Deadline is Fast Approaching
If you turned 70½ in 2016, you have to take your first RMD by April 1, 2017. Read article here… Notice: The link provided in the text above connects readers to the full content of the referenced article. The URL (internet address) for this…
Preparing for Retirement: Opt Out of Homeownership
According to a recent study from Bank of America Merrill Lynch, baby boomers are increasingly downsizing to smaller homes or opting out of homeownership entirely in order to prepare for retirement. Read article here… Notice: The link provided in the text…
Companies Setting Up Their Employees for Financial Security in Retirement
Unless you’ve been in the workforce a very long time with the same employer or work in certain public sector or union organizations, you will never know what a retirement pension, or defined benefits plan, looks like in real life. However, there are companies that…