fbpx

Posted on Sunday, 26th May 2019 by Dennis Damp

Share

This November I’ll be retired 15 years! Seems like yesterday when I walked out the door with my good friend Nick Trush. The two of us returned to Pittsburgh’s Air Traffic Control Tower a number of times over the years to catch up with old friends. The ability to retire at 55 is a huge […]

Posted in

| Comments (0)

Posted on Saturday, 18th May 2019 by Dennis Damp

Share

Those approaching age 70 ½ and older are often perplexed about their Thrift Savings Plan RMD withdrawal options and how to efficiently manage the transaction’s proceeds. Some of the concerns are your TSP balance decreases with each withdrawal, annual income and taxes increase, and the earned income potential vanishes for the cash you now have […]

Tags: ,
Posted in

| Comments (0)

Posted on Friday, 10th May 2019 by Dennis Damp

Share

I have two short updates to cover before starting Trust but Verify. First, Joe wrote after reading It’s Time to Get Real that you need to check your individual state’s document requirements when applying for the new REAL ID. Your State may require different forms of ID and residency documentation than what Pennsylvania requires. He […]

Posted in

| Comments (0)

Posted on Saturday, 27th April 2019 by Dennis Damp

Share

Most sign up long before age 70 for a myriad of reasons. I decided long ago that I would defer my benefit until I absolutely had to apply. Next month I start collecting Social Security at age 70 and can’t believe the time has come so quickly, yet I look forward to reaching this milestone. […]

Posted in

| Comments (2)

Posted on Thursday, 11th April 2019 by Dennis Damp

Share

Anyone that plans on traveling in the future, applying for a passport or needs access to a government building will require a REAL ID. Without this document travel by plane or anywhere out of country will be impossible. According to the Department of Homeland Security (DHS), the REAL ID program was passed by Congress in […]

Posted in

| Comments (0)

Posted on Saturday, 30th March 2019 by Dennis Damp

Share

Federal employees have been waiting for months to receive their 1.9% pay raise. Agencies are now processing back pay retroactive to the beginning of the year and the updated 2019 pay charts are available online for your review. We are currently in pay period 7 that ends April 13. When your agency’s payroll office processes the […]

Posted in

| Comments (0)

Posted on Friday, 15th March 2019 by Dennis Damp

Share

Jodi recently emailed me suggesting that most Life Insurance companies emphasize what coverage they provide including accidental death and dismemberment. She was searching for a general policy statement other than simply the costs associated with each type of coverage. She wanted to know about dismemberment and accidental death coverage, the exact coverage she was paying […]

Posted in

| Comments (0)

Posted on Monday, 4th March 2019 by Dennis Damp

Share

The TSP currently requires that you make a full withdrawal election after you turn 70½ if you haven’t initiated any of the withdrawal options and have separated from federal service. If you fail to do that, the TSP initiates an account “abandonment” process. Fortunately, the new law passed in late 2017 establishes more flexible withdrawal […]

Posted in

| Comments (0)

google-site-verification: google7da01e5320bde85e.html Terms Of Use