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2021 COLA Announced and Annuity Projection Calculator

Posted on Tuesday, 13th October 2020 by Dennis Damp

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I reported in mid-September that the 2021 COLA was projected to be anywhere from .44% to as high as 1.2% according to Kiplinger’s. The Social Security Administration announced a 1.3% COLA increase on October 13th for 2020. CSRS and FERS annuitants will receive the full 1.3% this year. View the table of all COLAs from […]

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2021 Leave Chart & Schedule Tracker Now Available

Posted on Friday, 9th October 2020 by Dennis Damp

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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 2021 Excel Leave Chart is designed for active federal employees that are planning their retirement and need to establish realistic target retirement dates. The new Excel 2021 Leave […]

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Required Retirement Application Forms

Posted on Friday, 18th September 2020 by Dennis Damp

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I receive many questions this time of year about the retirement process and required forms. It can take several months for HR to process your papers and send them to the Office of Personnel Management (OPM) for final determination of your claim. Many federal and postal workers elect to retire at end of year because […]

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Survivor’s Checklist Update

Posted on Saturday, 22nd August 2020 by Dennis Damp

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Estate planning is a sensitive issue and many avoid the subject until it’s too late. This can and will compromise your heir’s benefits, or at least delay them when they will be needed most.  It’s never too late to start. It is advisable to compile this information long before it will be needed, and the […]

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TSP CARES ACT & Life Cycle Fund Changes

Posted on Saturday, 13th June 2020 by Dennis Damp

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The CARES Act offers temporary loan and withdrawal options for TSP participants affected by COVID-19. The dramatic stock market sell-off this past March and subsequent correction last week reduced portfolio values dramatically for many. Lower account balances for all but the bond funds make the decision to take out loans or elect a withdrawal difficult. […]

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Finding Help – Retirement Planning Assistance

Posted on Friday, 15th May 2020 by Dennis Damp

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Those planning their retirement and annuitants require accessible resources for answers to their individual and unique questions. OPM does a good job managing our retirement system overall. However, there are limits to what they can and will provide. It’s often frustrating and difficult finding competent help and the level of assistance required. There are many […]

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Request an Updated Retirement Benefits Booklet

Posted on Saturday, 2nd May 2020 by Dennis Damp

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A number of helpful updates were added to OPM’s online annuity services website recently at https://www.servicesonline.opm.gov. They changed the way your Claim Number works on the “Sign In” and “Forgot Password” pages. My Access Screen with Personal Data Removed This change provides assistance on Claim Number formatting during site entry. When you first enter the […]

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Checks Are on the Way – CARES Act Summary

Posted on Friday, 17th April 2020 by Dennis Damp

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The Coronavirus Aid, Relief, and Economic Security (CARES) Act is providing support for those most impacted by the pandemic. Congress passed the Act last month and one of the key provisions is providing for Economic Impact Payments to American households. Payment of up to $1,200 per adult for individuals whose income was less than $99,000 […]

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