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How to Avoid a Retirement Nightmare and Retiree Job Opportunities

Posted on Thursday, 7th July 2011 by Dennis Damp

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How to Avoid a Retirement Nightmare We continue to receive reports of significant OPM retirement paperwork processing delays and insufficient partial interim pension payments. A site visitor sent a frantic message to us last week asking for assistance after receiving notice from OPM that he will receive an interim payment of 30% of his full […]

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Federal Benefits in Divorce – After the Decree, now what?

Posted on Wednesday, 6th July 2011 by Ann Ozuna

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Whether you are the “fed” or the “former spouse”, if you have retirement, insurance benefits or TSP benefits which were divided or assigned in the divorce decree, your work is not done when the ink dries at the courthouse.  First of all, you will need fuzzy seal “conformed” copies of your decree and any augmenting […]

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TSP Conversions, I Bonds Revisited & Updates

Posted on Monday, 20th June 2011 by Dennis Damp

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TSP Conversions and Taxes The key to what taxes, if any, are due is in the type of IRA that you wish to convert to.  When you rollover any investment account that hasn’t yet been taxed (TSP, traditional IRA, 401k) to an after-tax investment account, such as a Roth IRA, taxes must be paid to […]

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Six Years and Counting, Social Security Supplements, TSP penalties, & More

Posted on Thursday, 26th May 2011 by Dennis Damp

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Six years and Counting I’ve been retired 6 ½ years now and just turned 62… I’m eligible for SOCIAL SECURITY!!! I attended my nephew’s graduation party last week and for the first time understand how my aunts and uncles felt during similar events back in the 60s, 70s and 80s. Now Mary and I are […]

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Capturing Your Travel Memories

Posted on Monday, 16th May 2011 by Nancy Holston

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A Journal is a Great Way to Remember I often plan to keep a journal when I travel but to be honest I either never put pen to paper or I start and capture a couple of days and then… well nothing.  When I have planned a particularly fun vacation with friends or the travel […]

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How the National Debt Negatively Impacts Retirees & Updates

Posted on Tuesday, 3rd May 2011 by Dennis Damp

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We haven’t received COLAs because gas, utilities, food, health care premiums, tuition, and airfares haven’t increased for two years now; RIGHT? Are you paying less for much of anything these days! The inflation rate would equal 10% or higher if the Consumer Price Index (CPI) included food and fuel increases like it did in the […]

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How an Annuity & the TSP Are Divided in a Divorce

Posted on Friday, 29th April 2011 by Ann Ozuna

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On the Divorce Issues and Retirement Impact section we discussed in general how your federal benefits are property up for division in divorce. Here are some of the specifics: OPM must have all the information it needs in your decree or order to divide your retirement.  Therefore you must specify “gross annuity”, “net annuity,” or […]

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Interim Retirement Check Issues, Ordering Flags & Presidential Letters, and Updates

Posted on Thursday, 21st April 2011 by Dennis Damp

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Richard retired last December and he is still receiving only partial monthly annuity payments. Unfortunately, he is only receiving 38% of his estimated annuity payment, too little to pay for daily expenses without digging into his savings. Retirement processing can take six months or more and for those planning on retiring soon be prepared for […]

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