Posted on Wednesday, 18th August 2021 by Dennis Damp
Our 2022 Leave Chart & Schedule Tracker is now available for federal employees to track their schedule, annual and sick leave, comp, and credit hours used. Our updated 2022 Excel Leave Chart is designed for active federal employees that are planning their retirement and need to establish realistic target retirement dates. This spreadsheet also helps […]
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| Comments (0)Posted on Friday, 6th August 2021 by Dennis Damp
Your annuity, a defined benefit retirement plan, is determined by the retirement system that you are in, either the Federal Employees Retirement System (FERS) or the Civil Service Retirement System (CSRS). Approximately 2 percent of current federal employees are under the old CSRS / CSRS Offset system, the FERS program was established in the 1980s. […]
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Posted on Thursday, 22nd July 2021 by Dennis Damp
A number of our newsletter subscribers commented on my article titled, “Unexpected Medical Expenses.” Several stand out and need further clarifications. One of particular interest was from Richard, he will turn 65 later this year and wanted to know if the drug manufacturer’s “savings card” that he now uses would be accepted after signing up […]
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Posted on Friday, 25th June 2021 by Dennis Damp
Earlier this year the Thrift Savings Plan (TSP) launched a redesigned website. Concurrently, they announced significant account access and security changes, additional L Fund options, and the ability to submit certain TSP forms online after logging into your account. They sent out a message from the executive director to all participants last February announcing these […]
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Posted on Friday, 11th June 2021 by Dennis Damp
Retirement is a life changing event that requires considerable research and due diligence. The elections made are often irreversible and can compromise a retiree’s finances and the benefits carried into retirement. I retired from federal service in 2005 and my articles focus on current events that can and often do affect those planning their retirement […]
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Posted on Wednesday, 21st April 2021 by Dennis Damp
We can expect a higher COLA increase for 2022. According to Kiplinger’s Magazine the 2022 COLA will Likely increase to 3%, the largest increase since 2012. The final number will be released this October. There are many variables in the annual COLA calculation and these can change dramatically before the final numbers are tabulated. Request […]
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Posted on Saturday, 6th March 2021 by Dennis Damp
Planning for retirement and life in general requires organization and much thought. Long before we retire our significant others require our assistance and this goes both ways. In most relationships, one person takes responsibility for certain aspects of the couple’s life. Whoever pays the bills and manages financial affairs must have clear and concise instructions […]
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Posted on Sunday, 28th February 2021 by Dennis Damp
I’m often astonished after performing a due diligence update on my family’s state of affairs. You too will find reason to pause after putting pen to paper and discovering where you and your family stand financially. Not only your current status, but what a surviving spouse and heirs will have to live on when the […]
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