What Happens if You Live Too Long?

During your working years, there may have been a nagging little voice inside your head worrying about what would happen to your family if you died before you’re able to send your children to college or marry them off. As you get closer to your retirement and the kids seem well on their way to being self sufficient, the worry changes from a concern for your early demise to the other end of the spectrum–living too long.

OPM Speaks Out: Why Your Tax Withholding Went Up and Your Federal Annuity Check Went Down

Many retirees are noticing an increase in the amount of federal tax being withheld from their monthly annuity payments. And, of course, this means that the amount of money you have to spend in your daily life is diminished as a result. Here is the information that OPM has just sent out with it’s explanation of what has occurred and why.