HEALTH CARE

Boomers fear health costs will overwhelm them in retirement..

The cost of health care in retirement is substantial, and many boomers feel they aren't prepared to meet those costs, a report released by the Insured Retirement Institute found. Almost two-thirds of boomers aren't confident they have enough saved to cover the cost of health care after they retire. Younger boomers are especially concerned; 72 percent of those between ages 50 and 54 say they are worried about being able to cover costs.

PAYROLL TAX-CUT

NARFE is urging members to send a message to their members of Congress opposing a House-passed bill that would cut the pay and benefits of federal employees to finance the yearlong payroll tax holiday. A House-Senate conference committee will consider that bill and one passed by the Senate, which does not contain any cuts for feds.

The House bill "asks fewer than 2 percent of America's middle-class workers to pay for almost two-thirds of the entire payroll tax-cut extension.

YOUR 1099R

January 24, 2012 NARFE NewsWatch When will I get my 1099R? Question: I am retired, and I want to file my taxes soon. When will I receive my 1099R from the Office of Personnel Management (OPM)? Answer: OPM will send your 1099R after January 31. You should expect to receive it in the mail during the first or second week of February.