Posted on Monday, 1st August 2016 by Dennis Damp

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FEGLI Open Season Update A number of our subscribers have sent questions about the upcoming FEGLI Open Season and are not sure what options to consider. Open season runs from September 1 through September 30, 2016. It’s time to review your current insurance coverage and determine your true insurance needs before it’s too late. You […]

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Posted on Thursday, 21st July 2016 by Dennis Damp

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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 […]

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Posted on Saturday, 9th July 2016 by Dennis Damp

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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 […]

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Posted on Friday, 10th June 2016 by Dennis Damp

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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 […]

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Posted on Monday, 9th May 2016 by Dennis Damp

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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 […]

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Posted on Thursday, 24th March 2016 by Dennis Damp

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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 […]

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Posted on Wednesday, 2nd March 2016 by Dennis Damp

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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 […]

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Posted on Saturday, 13th February 2016 by Dennis Damp

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Recently one of our newsletter subscribers asked me to explain how the Government Pension Offset (GPO) impacts a married couple, one retiring under CSRS and the other under FERS.  The husband will retire under CSRS and his wife is a FERS employee. He also wanted to know if his wife’s social security will be penalized […]

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