Posted on Saturday, 5th September 2015 by Dennis Damp
In TSP – Ways to Safeguard Your TSP, part 1 of this series, I discussed a significant reason why a spouse that inherits a TSP account would want to transfer their TSP account to an IRA. According to the TSP, “If a TSP beneficiary participant (Annuitant’s spouse) dies, the new beneficiary(ies) cannot continue to maintain […]
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| Comments (0)Posted on Thursday, 13th August 2015 by Dennis Damp
Even if you think, like I did in 2004 when the last open season was offered, that you have sufficient coverage you may be surprised at what you discover. I wish I knew then what I know now about these attractive low cost options. OPM recently announced that a 2016 Federal Employees Group Life Insurance […]
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| Comments (1)Posted on Wednesday, 5th August 2015 by Dennis Damp
Please share this article with your friends and associates. Any mention of our articles and www.fedretire.net on Facebook and other social media would be appreciated. I was asked by the Federal Energy Regulatory Commission (FERC) to be a guest speaker at their Washington DC headquarters on July 29th 2015. I discussed ways for employees to enhance their careers through the development […]
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Posted on Saturday, 4th July 2015 by Dennis Damp
Updated 6/22/2023 When a spouse is designated the beneficiary of a Thrift Savings Plan (TSP) account, the TSP establishes a beneficiary participant account in the spouse’s name. The money in the beneficiary participant account stays invested as it was in the deceased participant’s account except for any money the participant had invested in the mutual […]
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| Comments (0)Posted on Thursday, 11th June 2015 by Dennis Damp
Please share this article with your friends and associates. Any mention of our articles and www.fedretire.net on your Facebook, Twitter, and social media accounts would be appreciated. Wow, going on eleven years retired and I’m still learning valuable life lessons! There are so many times in my life when I reflect back on certain events and realize the […]
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| Comments (0)Posted on Thursday, 28th May 2015 by Dennis Damp
Many retirees and active federal employees have been waiting for this for some time now. Starting this fall you will be able to enroll in any of the FEHB health plans under the new Self Plus One rate schedule. This year’s annual open season begins November 9th and the new rates will be effective January 1, […]
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| Comments (0)Posted on Saturday, 16th May 2015 by Dennis Damp
(Updated 2/26/2023) I received a call from the wife of a friend who passed away. She was concerned about her options after being notified by the TSP that her husband’s account was converted to the G Fund upon his death. She was approached by a financial planner that suggested she transfer her husband’s TSP account […]
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Posted on Wednesday, 29th April 2015 by Dennis Damp
Up until recently the only way you could obtain a federal retirement ID Card, officially referred to as a “Retirement Services Reference Card,” was to call OPM and request a copy. They would send it in the mail and you would receive it in 5 to 7 business days. Recently OPM Services Online added a […]
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