Posted on Thursday, 21st July 2016 by Dennis Damp

Share

OK, I might have been a little too gracious in my June article titled Long Term Care Insurance – Is it worth the cost? I received a notice from the Federal Long Term Care insurance provider increasing our premiums by over 100 percent in less than 7 months from our last increase in January!!! I […]

Posted in

| Comments (0)

Posted on Saturday, 9th July 2016 by Dennis Damp

Share

The FEGLI Open Season runs from September 1 through September 30, 2016 and I wrote an article last October about the options available and new premiums. I began the article with, “Even if you think, like I did in 2004 when the last open season was offered, that you have sufficient coverage you may be […]

Posted in

| Comments (0)

Posted on Friday, 10th June 2016 by Dennis Damp

Share

I applied for Long Term care insurance when it was first offered as a benefit in December of 2002. Our premiums for the Future Purchase Option (FPO) at that time were reasonable for the 5 years of coverage we elected; $73.57 monthly for my wife and I.  My premium for the Future Purchase Option was […]

Posted in

| Comments (0)

Posted on Monday, 9th May 2016 by Dennis Damp

Share

Historically, approximately 40% of total stock market returns are generated from dividends and today you can expect to receive from 2 to 5% or more in yield from these investments. Many that recommend conservative dividend paying stocks look for companies that continue to grow their yield and share price over time with low risk. It’s […]

Posted in

| Comments (0)

Posted on Thursday, 24th March 2016 by Dennis Damp

Share

The current bull market is the second longest in history and as all bull markets do, they eventually end in a recession. You hear a lot today about the uncertainty in the market considering all of the stimulation that the Federal Reserve has applied through their low interest policies. When interest rates are low more […]

Posted in

| Comments (0)

Posted on Wednesday, 2nd March 2016 by Dennis Damp

Share

Social Security File & Suspend I discussed in a recent column the process my wife and I went through to file and suspend my Social Security benefits.  I did this so that my wife will now be able to collect a spousal benefit while I deferred collecting until age 70 and my benefit will increase […]

Posted in

| Comments (0)

Posted on Friday, 15th January 2016 by Dennis Damp

Share

As of January 1, 2016, FEGLI premiums for many options and age brackets changed due to actuarial adjustments. Annuitants that carried FEGLI coverage into retirement will receive a Notice of Annuity Adjustment showing the new rates. Most of the new FEGLI rates for Option A, B and C decrease. The older age band rates for […]

Posted in

| Comments (0)

Posted on Tuesday, 15th December 2015 by Dennis Damp

Share

I receive email messages from retirees and survivors each year that can’t find their CSA claim number and are uncertain as to what benefits they elected when they retired. At least once a year we receive a Notice of Annuity Adjustment, shortly after the new year starts, that provides abundant information for annuitants and their […]

Posted in

| Comments (0)

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