fbpx

Posted on Friday, 15th March 2024 by Dennis Damp

Share

I felt liberated from the day-to-day work schedule of the past 40 plus years when I first retired, and I see this excitement in new retirees that I encounter.  Most, with some reservations, feel such a sense of elation when they walk out the door for the last time and realize their new life begins […]

Tags: , , , , ,
Posted in

| Comments (0)

Posted on Friday, 23rd February 2024 by Dennis Damp

Share

I’ve written hundreds of articles for our newsletters and blogs and updated our Federal Employee’s Retirement Planning Guide frequently over the past 20 years. Even though we update our sites as needed, our blogs, newsletters, and at times our websites are time sensitive. Due to federal regulations, benefits, and financial planning guidance changes, over time, […]

Posted in

| Comments (0)

Posted on Friday, 26th January 2024 by Dennis Damp

Share

The Social Security Administration was the first to send out forms again this year.  Our 1099 R Tax Forms typically aren’t available until the end of January to early February by regular mail. Registered users of OPM’s Retirement Services Website can download their Annuity Statement and 1099 R forms now. 1099 Forms I received my […]

Tags: , , , , , ,
Posted in

| Comments (0)

Posted on Friday, 19th January 2024 by Dennis Damp

Share

I was required to take my first RMD at age 70 ½ several years ago before the laws were changed. Under the SECURE 2.0 Act in 2023 the required withdrawal age increased to 73. Several newsletter subscribers asked for an update on TSP annuities, RMDs, and withdrawals in general. Rachel stated, “While the new TSP […]

Tags: , , ,
Posted in

| Comments (0)

Posted on Friday, 5th January 2024 by Dennis Damp

Share

It’s the beginning of a new year and a good time for those planning their retirement to assess where they are financially, long before filing their retirement paperwork. Federal employees received a significant pay increase this year, 5.2% on average after factoring in locality pay. The 2024 pay charts are available for your review. COLA […]

Tags: , , , ,
Posted in

| Comments (0)

Posted on Friday, 15th December 2023 by Dennis Damp

Share

I like to close out each year with a few last-minute updates and observations. My next article won’t be published until early January. Time to celebrate the holidays and just sit back and relax awhile. The Clock Keeps Ticking – Thankfully The older I get, the faster time flies by. In our youth most couldn’t […]

Posted in

| Comments (2)

Posted on Friday, 1st December 2023 by Dennis Damp

Share

I’ve spent most of my time evaluating our health care options this past two months. This year’s focus was on the new Medicare Advantage (MA) plans offered by GEHA and the Medicare Prescription Drug Plan (MPDP) offered by Blue Cross and Blue Shield and 16 other providers. So much to consider and research before staying […]

Tags: , , , , , ,
Posted in

| Comments (4)

Posted on Friday, 24th November 2023 by Dennis Damp

Share

This article compares the Government Employees Health Association (GEHA) Standard Plan to their new MA Option. You will have to review the specific plan of interest to ensure it covers the services you need for the upcoming year.   Open season closes December 11, we have less than two weeks to decide whether to stay […]

Tags: , , , ,
Posted in

| Comments (10)

Terms Of Use