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Posted on Monday, 7th November 2011 by Dennis Damp

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A site visitor has a $50,000 CD maturing and wanted to know what she could do to increase earnings with little risk of losing the money that she worked a lifetime to acquire. Her bank is offering a meager .9% CD yield. I am not a financial advisor and I can only relate what I […]

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Posted on Tuesday, 18th October 2011 by Dennis Damp

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FERS retirees with Post 1/1/57 military service will not receive credit or annuity computation for their military time without making a deposit. If a deposit is made, the employee will receive credit towards his/her annuity computation.  Under CSRS rules, if you served on active duty and will be eligible at age 62 to collect Social […]

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Posted on Wednesday, 5th October 2011 by Dennis Damp

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It has been a trying time for annuitants and Social Security recipients who have essentially been forced to live on fixed incomes these past two years. Finally it looks promising; we may receive a COLA in 2012 of around 3.6% if Congress doesn’t block the payout for whatever reason. If we are fortunate enough to […]

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Posted on Friday, 23rd September 2011 by Dennis Damp

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Saving Grace (Ways to Save) I often mention just how important it is to retire with minimum debt and that means paying off your mortgage and credit cards. I’m not the only one that preaches being debt free in retirement. Money Magazine featured an article titled “Live Well On Less” in their October 2011 issue […]

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Posted on Friday, 9th September 2011 by Dennis Damp

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There has been some confusion around the “Best Date to Retire” and Gary, who is planning on retiring   on December 31, 2011, asked for clarification on this issue.  He has over 240 hours of annual leave to cash in and was concerned about the “Date of Final Separation” that you enter on your retirement forms […]

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Posted on Thursday, 18th August 2011 by Nancy Holston

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As a youngster growing up in northern Indiana, wildlife consisted of skunks, raccoons, deer and opossums and I did not find them particularly interesting since their natural setting was usually lying in the middle of the road lifeless.  But that changed in 1980 while I was enjoying a training assignment in Oklahoma City.   I stumbled […]

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Posted on Thursday, 11th August 2011 by Dennis Damp

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A site visitor close to retirement wrote that his TSP was considerably less than it should have been because he didn’t understand the TSP options and mismanaged his account throughout his career. Don’t let this happen to you. It feels like a rerun of the 2008 recession with the Dow at the time of this […]

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Posted on Tuesday, 26th July 2011 by Dennis Damp

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When I attained 25 years service at age 44 I felt a great sense of relief. I knew that with 25 years of creditable service I would at least be eligible for an early retirement and I could apply for a VERA and VSIP if offered. The FAA received VERA authority in the mid 1990s […]

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