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Posted on Saturday, 18th May 2019 by Dennis Damp

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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 […]

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Posted on Saturday, 27th April 2019 by Dennis Damp

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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. […]

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Posted on Sunday, 24th February 2019 by Dennis Damp

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The President signed a spending bill fully funding the federal government through September of this year. The bill authorized a 1.9% pay raise for federal employees. It will take time for all of the agencies to load the updated tables into their system and we will post the new 2019 pay tables as soon as […]

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Posted on Tuesday, 5th February 2019 by Dennis Damp

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I received several emails from federal workers that quit because of the shutdown! They asked how to cash in their FERS retirement. Recently, the Washington Post published an article about federal employee’s facing the decision to “Stay or Quit.“ Certainly, new hires and those with only a few years federal employment were struggling, and I […]

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Posted on Tuesday, 15th January 2019 by Dennis Damp

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This shutdown is the longest in history and if the parties can’t agree on funding border security this shutdown could go on for some time. The Washington Examiner reported, “Some 30 Democratic lawmakers left the government shutdown behind Friday on a chartered flight to Puerto Rico for a winter retreat with 109 lobbyists and corporate […]

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Posted on Friday, 11th January 2019 by Dennis Damp

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OPM sent out a notice of annuity adjustment in late December to all annuitants and survivor annuitants. I received mine on December 22. This document, the first for 2019, includes your new monthly payment resulting from our recent 2.8% COLA Adjustment. There’s a lot of important information included on this form and I keep them […]

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Posted on Friday, 2nd November 2018 by Dennis Damp

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Each year we publish a comprehensive leave record that federal employees can use to track their daily record of annual and sick leave, comp, and credit hours used. Our updated 2019 Excel Leave Chart is designed for active federal employees that are planning their retirement and need to establish realistic target retirement dates. The new […]

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Posted on Friday, 19th October 2018 by Dennis Damp

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Medicare recently announced the standard Part B premium amount of $135.50 for 2019. Most people will pay the standard Part B monthly premium. If your modified adjusted gross income as reported on your IRS tax return from 2 years ago is above a certain amount, you’ll pay the standard premium and an Income Related Monthly […]

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