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Returning to Work – Rehired Annuitants

Posted on Sunday, 1st September 2019 by Dennis Damp

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I often receive questions from retirees desiring to return to work and from agency HR departments interested in hiring former federal employees.  Agency recruiters are trying whatever they can to fill critical positions.  With an unemployment rate of 3.7% the country is at full employment. One of the ways to fill critical positions is to […]

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Alert – New TSP Withdrawal Options

Posted on Saturday, 17th August 2019 by Dennis Damp

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On September 15th the TSP will implement new withdrawal options for all participants. I published an article last March titled TSP Changes & Required Minimum Distributions (RMDs) discussing the pending changes and how RMDs will be handled under the new rules. Request a  Federal Retirement Report™  today to review your projected annuity payments, income verses expenses, FEGLI, […]

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Should I Defer Social Security Until Age 70?

Posted on Saturday, 10th August 2019 by Dennis Damp

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Many think why wait, I don’t know if I’ll live to 70! Others simply need their benefit at 62 just to make ends meet. For those who are healthy and have several decades of retirement to look forward to, and have sufficient income to see them through those early retirement years, it makes sense to […]

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Protecting your Assets with Fixed Income Investments

Posted on Sunday, 28th July 2019 by Dennis Damp

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Those approaching retirement and retirees often move to more conservative investments to avoid losing what they worked a lifetime to accumulate.  Many federal retirees live on fixed income from their annuity, Social Security, and Thrift Savings Accounts.  We only have a finite time on this earth and the older we get the less time we […]

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FERS Supplement Update – Are You Eligible

Posted on Thursday, 13th June 2019 by Dennis Damp

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There are many things to consider when determining your FERS retirement benefits. If you meet certain requirements, you will receive a Special Retirement Supplement which is paid until you reach age 62. This supplement is similar to the Social Security benefit earned while you were employed by the Federal government. However, since the formula for […]

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Managing Your Required Minimum Distributions (RMDs)

Posted on Saturday, 18th May 2019 by Dennis Damp

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Those approaching age 70 ½ and older are often perplexed about their Thrift Savings Plan RMD withdrawal options and how to efficiently manage the transaction’s proceeds. Some of the concerns are your TSP balance decreases with each withdrawal, annual income and taxes increase, and the earned income potential vanishes for the cash you now have […]

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Time to Sign Up for Social Security!

Posted on Saturday, 27th April 2019 by Dennis Damp

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Most sign up long before age 70 for a myriad of reasons. I decided long ago that I would defer my benefit until I absolutely had to apply. Next month I start collecting Social Security at age 70 and can’t believe the time has come so quickly, yet I look forward to reaching this milestone. […]

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The 2019 Pay Raise – Ways to Save

Posted on Sunday, 24th February 2019 by Dennis Damp

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The President signed a spending bill fully funding the federal government through September of this year. The bill authorized a 1.9% pay raise for federal employees. It will take time for all of the agencies to load the updated tables into their system and we will post the new 2019 pay tables as soon as […]

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