by Brian Swerdlow The FERS Supplement, also known as the Social Security Supplement or Special Retirement Supplement, is officially referred to as the Retiree Annuity Supplement (RAS) by the Office of Personnel Management (OPM) in Chapter 51 of the CSRS/FERS Handbook. Despite common misconceptions, this benefit applies not only to employees under the [...]
by Brian Swerdlow Artificial intelligence (AI) is poised to transform the workforce, bringing both opportunities and challenges. Predictions suggest that AI will significantly impact job tasks for a substantial portion of the workforce, potentially automating thirty percent or more of work hours. Despite these impending changes, businesses and Congress have done little to [...]
Are you a USPS employee? Get ready for your new health insurance program. by Brian Swerdlow As the United States Postal Service (USPS) gears up to launch a new health insurance program, the Office of Personnel Management (OPM) is addressing a crucial issue: the potential impact on Medicare-eligible retirees who opt out of [...]
by Brian Swerdlow Selecting the right Federal Employee Health Plan (FEHB) for you and your family is a crucial decision that impacts your healthcare coverage and finances. With numerous plans available, it's essential to navigate through the options carefully to find the one that best meets your needs. Here are three critical steps [...]
Integrity, often defined as doing the right thing even when no one is watching, is a cornerstone of a fulfilling and successful financial life. In Sean Sparkman's upcoming book, "Income-Do," integrity is explored not just as a virtue but as a practical guide to economic success. Integrity means making the right decisions consistently, [...]
by Brian Swerdlow Retirement is one of life’s most anticipated milestones. And it’s one that can give you the freedom to choose where you’ll enjoy this new chapter of your life. For government employees, selecting the right state for retirement can significantly impact their quality of life and financial well-being. Here are [...]
by Brian Swerdlow If you work for the federal government then you appreciate the numerous benefits, including attractive and robust insurance options. A standout perk is your ability to potentially continue your insurance coverages into retirement. However, not all employees qualify, and specific requirements must be met. Here’s a look at how some [...]
Authored By Tina Reed, published on Axios.com The Change Healthcare cyberattack shook U.S. health care to its core for months and exposed major cyber vulnerabilities. But the likely ripple effects on individuals are only now becoming apparent. Why it matters: As many as 1 in 3 Americans may have had personal information compromised, some of [...]
Approximately one in six Americans are now 65 or older, a percentage that is only going to increase in the coming years. This demographic shift has resulted in many challenges, particularly when it comes to financial issues. Financial exploitation of older adults, many of whom hold significant assets and economic decision-making power, is [...]
Authored By FAU BY NA | 6/3/2024 More than 60 of the largest banks in the country are at increased risk of failure due to their commercial real estate (CRE) exposures, according to a data analysis from a finance expert at Florida Atlantic University. Sixty-seven banks have exposure to commercial real estate greater than 300% [...]
Authored By Michael Snyder, Financial Collapse Blog/" The Social Security program was instituted to help elderly Americans thrive during their retirement years. Unfortunately, millions upon millions of retired Americans are finding that their monthly Social Security payments are simply not enough as the cost of living spirals out of control. One recent survey found that [...]
by Jerry Yu Financial services marketing can be seductive and somewhat deceiving. In brochures and on websites, you often see a happy couple lounging on a calm white beach. They're holding hands like love-struck teens and sipping icy cocktails without a care in the world. If you believe the marketing hype, once you've retired, the [...]
