Please welcome today, a good blogging bud of mine, ESI from ESIMoney.com. He recently retired at 52 and gained a whole new appreciation for what life has to offer. And spoiler alert: it doesn't involve money or a high-powered career! Both of which he retired from once he realized enough was enough (his "enough," btw?
You may no longer be collecting wages once you retire, but that doesn't mean the IRS is through with you. Retirees often draw income from a variety of sources; some of these sources are exempt from federal taxes, while others are fully taxable, and still others may be taxed in part.
HOUSE Resolution 67, which Donald Trump signed last week, rolls back a rule that the Labor Department finalised late last year, which would have made it easier for cities and counties to run retirement savings plans for citizens who couldn't get them through work.
Several years into America's economic recovery from the Great Recession, the benefits remain unevenly distributed. Among middle-income baby boomers, nearly two-thirds feel they haven't personally prospered, according to a recent study from the Bankers Life Center for a Secure Retirement.
View this article online at https://www.fedsmith.com/2017/04/20/use-military-service-increase-fers-pension/ and visit FedSmith.com to sign up for free news updates Your active duty military service with an honorable discharge may help you: GET MORE money each month for life; and REDUCE the number of years you have to work FERS to be eligible for retirement.