Posted on Friday, 12th December 2014 by Herbert Casey

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If you have a spouse or other loved ones that are dependent on you, you should make sure that they are provided for upon your death. More importantly, you must make sure that the information is made available to them. During this period, it’s very difficult for people to focus, so the more you can […]

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Posted on Friday, 7th November 2014 by Herbert Casey

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Do you need to start, change or stop federal or state income tax withholdings; change your mailing address, start or change the direct deposit of your payment; or view a statement describing your annuity payment. If so, it’s easy with OPM’s Retirement Services Online (SOL) www.servicesonline.opm.gov. You can have access to your annuity payment actions […]

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Posted on Friday, 17th October 2014 by Herbert Casey

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Open Season for Federal Employees Health Benefits (FEHB) is just around the corner. Open Season runs from the Monday of the second full workweek in November through the Monday of the second full workweek in December. This year Open Season is November 10, 2014 – December 8, 2014. Federal retirees and their surviving spouses retain […]

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Posted on Friday, 3rd October 2014 by Herbert Casey

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So, what do you do with the funds in your Thrift Savings Plan (TSP) when you leave federal government service? You have two options. You can take a partial withdrawal which allows you to make a one-time-only withdrawal and leave the rest of your money in the TSP until a later date. You can also […]

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Posted on Friday, 19th September 2014 by Herbert Casey

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During the first month of writing for FederalRetirement.net, I received a few questions on military buyback. I am surprised at the number of folks who either waited until right before their retirement or realized after they retired that they missed an opportunity to increase their annuities by paying their military service credit deposit. In general, […]

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Posted on Friday, 5th September 2014 by Herbert Casey

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How are you preparing for retirement? Are you the Ant or the grasshopper? My first article about a month ago provided 5 essential tips to be prepared like the ant. Based on feedback from a few friends that I shared the article with, all consider themselves ants. No one is a grasshopper or at least […]

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Posted on Thursday, 14th August 2014 by Herbert Casey

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On August 8, 2014, the guidance allowing a “Phased Retirement” option for federal employees was published by the Office of Personnel Management (OPM). Under this option, federal employees eligible for retirement can work half-time while receiving partial retirement benefits before they fully retire. According to Katherine Archuleta, OPM Director, “Phased Retirement offers an innovative alternative […]

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Posted on Friday, 1st August 2014 by Herbert Casey

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I’m sure all of you remember Aesop’s fable of the Ant and the Grasshopper.  Briefly, it’s about the ant that toiled through the summer to store food for the winter.  The grasshopper hopped about and sung to its heart’s content.  He had plenty to eat and didn’t see a need to work hard to store […]

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