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April 20, 2021

Federal Employee Retirement and Benefits News

Federal Retirement Articles




These Three Retirement Expenses Can Derail Your Budget, by Leslie “Kathy” Hollingsworth

Housing, transportation, and food often take prime position in retirement planning. But while these expenses may often be predictable, some could end up costing more than expected. Here are three expenses that can wreck your retirement budget.   1. Taxes...

Can You Retire With a Nest Egg of $100,000 or Less?

The goal of every potential retiree is to have enough saved up to be able to retire comfortably. But this is often very challenging. A report by the Employee Benefit Research Institute shows that around 65% of Americans have less...

Are You Enrolled in the Medicare Advantage Plan? Here Are Four Reasons You May Want to Switch Your Plan

If you are a retiree or a potential retiree, healthcare may probably be one of your largest expenses. And it’s not an expense you can choose to avoid or settle for less. If a retiree enrolls in Medicare Part D...

Everything You Should Know About Saving For Retirement in 2021

Each year, the IRS adjusts the retirement contribution limits. Keeping up with these changes is essential for your saving progress, especially if you qualify for catch-up contributions or if you are flirting with the imposed limits. Below are some essential...

Workers Could Lose $100,000 Through 3 Simple Social Security Mistakes

In 2021, millions of Americans will again rely on Social Security for a significant portion of their retirement income. In addition to retired workers, many disabled Americans also see Social Security as a much-needed lifeline. Despite the popularity of this...

2021 Changes for Medicare, Social Security, and Retirement Plans, by RICK VIADER

As if learning all about Social Security and Medicare wasn’t hard enough, each new year brings with it several changes. Well, 2021 is no different, regardless of the global pandemic and a messy presidential election. Don’t worry, we’re going to...

4 Reasons Why Saving Solely to a 401(k) is a Bad Idea

Investing in a 401(k) plan is amongst the simplest ways to save for retirement. Once you decide on the amount of contributions to be making monthly, the amount is automatically deducted from your paycheck each month. You are building wealth...

7 Things You Need to do if You Want to Retire in 2021

Many people want to have a comfortable retirement, and you’d like your retirement to be free from major snags. Planning for retirement is challenging due to factors such as the affordability of healthcare, market volatility, and even COVID-19 risks. You...

Should You Retire in 2021? These Four Reasons Suggest You Should, by Leslie “Kathy” Hollingsworth

Should you retire this year? This is a big question, and one we know is playing on the minds of many. There’s uncertainty in the economy and a pandemic that doesn’t seem to be going anywhere; this is planting seeds...

2021 Increase for Medicare Surcharges and Premiums, by Todd Carmack

As we enter 2021, it’s sometimes difficult to keep up with all the changes to Medicare. Don’t worry, we have everything you need to know in this guide. For example, it starts with a $4 increase to all Part B...

5 Steps for Checking Your 401(k) This Year, by Aaron Steele

The beauty of a 401(k) is that you don’t really need to think about it once it’s set up. Regardless of stocks, you’re investing automatically into this retirement account and building for the future. In fact, it’s easy to forget...

Are You Ready to Claim Social Security Benefits? Can You Wait?, by RICK VIADER

As we welcome a new year, a whole new group of people is about to reach the age of 62 (a significant milestone for those with one eye on Social Security!). At the same time, those born in 1955 will...

You Can be Financially Broke Because of These Three Retirement Assumptions

When you are planning for retirement, you may assume that your investments will grow in a certain way, or that you will be working until you reach a specific age. It is good to make assumptions, but there are some...

Beware of This Social Security Change if You Are Turning 66 in 2021

If you are 66 years old in 2021, you may be planning to claim your Social Security benefits, especially if you have not claimed them before. Before you claim your benefit, it is essential to know the rules because the...

If You’ve Never Worked, Can You Claim Social Security?, by Leslie “Kathy” Hollingsworth

If you’re struggling with retirement planning, the first thing to know is that you aren’t alone. Not only is the cost of living increasing, but not everybody can access a pension, and saving is becoming increasingly difficult with debts such...

Are You Ready for Significant Social Security Changes in 2021?, Sponsored by Todd Carmack

There may be significant Social Security changes in 2021. The results of the late-stage COVID-19 vaccine may bring an end to the pandemic. Besides, President-elect Joe Biden's inauguration in January will bring in a new dawn for politics. Still, one...

COVID-19 and the Impact on Retirement Planning, Sponsored by Aaron Steele

At the beginning of 2020, we could have made many predictions, and none would have even come close to the year we experienced. With consumer confidence faltering, it’s normal to think about retirement and how the COVID-19 pandemic impacts our...

You Can Have More Than One Life Insurance Policy., by RICK VIADER

It is possible to have more than one insurance policy. There are various reasons you might want more than one life insurance policy. You might decide to have more than one insurance policy if you’re going to address multiple needs....

Not affiliated with The United States Office of Personnel Management or any government agency