USPS to eliminate up to 35,000 jobs
The U.S. Postal Service announced plans to close or consolidate 223 mail processing centers and eliminate up to 35,000 jobs as part of its strategy to cut costs by reducing its network of facilities. The Postal Service has been losing billions of dollars each year as email chips away at mail volumes and as it faces massive annual payments to the federal government. More
Debt doomsday may come sooner than expected
The federal government could hit the debt ceiling sooner than expected — and possibly around the November election — according to a recent report. Lawmakers on Capitol Hill had hoped that last summer's deal to end the nasty fight over lifting the debt ceiling would ensure the issue wouldn't resurface until at least 2013. But the Bipartisan Policy Center said that the debt-limit doomsday could come earlier than that. More
Everybody's got a price: What's yours?
Buyout season is upon us. January, February and March are the months that buyouts are most cost-effective for Uncle Sam. So what would you do if the boss offered you $25,000 (before deductions) to take regular or early retirement? What's your tipping point? David Snell, director of the Retirement Benefits Service Department at the National Active and Retired Federal Employees Association, said, "Nobody should retire based solely on a buyout offer." More
4 questions to ask before paying off a mortgage
"Why don't we just pay off the mortgage?" To many struggling homeowners, the notion of being able to pay off a home loan might seem hopelessly out of reach. But to those who have been paying on their mortgages for some time or have aggressively prepaid over the years, that question may pop up from time to time. More
Warning: Sitting is hazardous to your health
USA Today Share
A recent study published in the American Journal of Clinical Nutrition as well as findings released late last year by the American Institute for Cancer Research are causing experts to reconsider the importance of moving throughout the day in addition to getting regular exercise. Working out at a moderate pace for at least 30 minutes on most days of the week, as prescribed in the 2008 Physical Activity Guidelines for Americans, may not offer enough protection against obesity and other chronic illness. More
Grandparenting advice for a new century
Chicago Tribune Share
Don't expect to find today's grandparents sitting still, unless they're updating their blogs, says Georgia Witkin, psychiatry professor at The Mount Sinai Medical Center, New York, and senior editor of Grandparents.com. The average age of a first-time grandparent in the U.S. is 48, according to the website. More
Your guide to job searching after 50
There's no question that job searching gets harder after age 50. Although age discrimination is illegal, that doesn't mean it doesn't exist. Many employers have preconceived notions about older workers. Among the most common: Their salaries are high, their energy is low and they're not up to date on the latest technologies. More
Survey highlights shifting retirement needs
Financial Planning Share
As the baby-boom generation heads for retirement, the traditional notion that turning 65 automatically triggers retirement is changing. And that is not all that new retirees will face when it comes to new retirement rules, according to Merrill Lynch's latest Affluent Insights Survey. New retirees must also grapple with more complex investment and health care decisions, the survey found. "In previous generations, it was 'I turn 65, I retire, I take my pension and get a stream of income that's pretty straightforward,'" David Tyrie, head of personal wealth and retirement at Bank of America Merrill Lynch, said of the survey. "We've just officially abolished the notion that retirement equals 65." More
Thrifty ways to travel green
The Sacramento Bee Share
Ecologically minded travelers hoping to keep it green on the road are often concerned about a potentially out-of-control price tag. Fortunately, it's getting more affordable than ever to maintain your environmental priorities while on vacation. Here are a few frugal tips. More
4 lesser-known tips to save on gas (and some myths that don't)
Go Banking Rates Share
As any American motorist will tell you, 2012 hasn't been turning out too well, as we're currently experiencing the highest gas prices in history. Last year, we lamented when gas prices hit $4 per gallon and up; now, those prices seem like a veritable steal. Drivers are desperately searching for ways to save money on fuel. More
March is 'NARFE-PAC Month'
March has been designated "NARFE-PAC Month." Read about NARFE-PAC, the Association's Political Action Committee, in the March issue of NARFE magazine, then give generously when you receive President Joseph A. Beaudoin's letter of appeal in mid-March — or give online at www.narfe.org. NARFE-PAC was founded in 1982 to help elect and re-elect members of Congress who recognize the value of civil service, who understand the importance of recruiting the best and brightest, and who support paying federal workers a fair day's pay for a full day's work — including reasonable health and retirement benefits. NARFE has instituted a new, multilevel NARFE-PAC giving program. NARFE members, click here to find out more about NARFE-PAC.
Are you a member of NARFE? If not, join today!
The National Active and Retired Federal Employees Association is the only organization dedicated solely to protecting and enhancing the health care and retirement benefits of federal employees and their survivors.
Please forward this edition of NewsWatch to friends and colleagues who might be interested in its content.