fbpx

Posted on Friday, 19th September 2025 by Dennis Damp

Share

Starting in January 2026, you can perform TSP Roth in-plan conversions to move money from your traditional TSP to a Roth TSP, paying taxes on the converted amount that year. Alternatively, you can transfer your traditional TSP funds to a Roth IRA, which is a taxable event. For Roth in-plan conversions, you must use personal […]

Tags: , , , , , ,
Posted in

| Comments (0)

Posted on Friday, 5th September 2025 by Dennis Damp

Share

Gail recently asked, “If I use my Thrift Savings Plan (TSP) Required Minimum Distribution (RMD) to purchase an annuity, can I avoid paying taxes on that RMD?” Using your Thrift Savings Plan (TSP) Required Minimum Distribution (RMD) to purchase an annuity doesn’t eliminate the taxes due on the withdrawn funds. RMDs are Taxable as Ordinary […]

Tags: , , , , , , ,
Posted in

| Comments (0)

Posted on Thursday, 21st August 2025 by Dennis Damp

Share

Thanks to a kind and skilled pharmacy technician, my prescription costs for Asmanex decreased from $135 a month to $39! This is a welcome reprieve from one of the medications I take. Asmanex is the only asthma inhaler I can use without significant side effects. GEHA didn’t cover it in the past, and I purchased […]

Tags: , , ,
Posted in

| Comments (2)

Posted on Thursday, 14th August 2025 by Dennis Damp

Share

I retired in 2005 at age 55, almost 21 years ago! I wouldn’t have retired if I didn’t have 35+ years of service at the time and an avocation, my business to fall back on after leaving government service. My federal employees’ retirement planning site helps me connect with thousands of retirees who are genuinely […]

Tags: , , , , , , , , , ,
Posted in

| Comments (0)

Posted on Thursday, 7th August 2025 by Dennis Damp

Share

Each year, we publish a comprehensive leave record that federal employees can use to track their annual and sick leave, comp, and credit hours used. Our updated 2026 Excel Leave Chart is designed for active federal employees who are planning their retirement and need to establish realistic target retirement dates. This spreadsheet also helps federal […]

Tags: , , , ,
Posted in

| Comments (0)

Posted on Sunday, 27th July 2025 by Dennis Damp

Share

With many taking advantage of deferred resignation, early outs, or simply deciding it’s time to retire, start the military deposit paperwork immediately if you haven’t already done so. There is a free webinar at 7:00 pm on July 31st about savings for retirement that you may wish to take advantage of. FERS retirees with post-January […]

Posted in

| Comments (0)

Posted on Thursday, 17th July 2025 by Dennis Damp

Share

Please forward this to others needing retirement planning assistance. Many federal employees are actively considering retirement today due to early, regular, and deferred options that are now or soon will be available as downsizing initiatives continue throughout the federal sector. The reconciliation bill includes funding for the major reorganizations, reductions in Force (RIF), and relocations […]

Tags: , , , , , ,
Posted in

| Comments (0)

Posted on Friday, 11th July 2025 by Dennis Damp

Share

The Department of Veterans Affairs announced on July 7, 2025, that it’s on pace to reduce the total number of VA staff by nearly 30,000 employees by the end of the fiscal year. Employee reductions through the federal hiring freeze, deferred resignations, retirements, and normal attrition have eliminated the need for a RIF. During President […]

Tags: , , , , , , ,
Posted in

| Comments (0)

Terms Of Use