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2019 COLA Announced

Posted on Thursday, 11th October 2018 by Dennis Damp

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Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8 percent in 2019. CSRS annuitants will receive the full amount, FERS retirees will receive a 2% cost-of-living adjustment (COLA). The 2.8 percent COLA will begin with benefits payable to more than 62 million Social Security beneficiaries in January […]

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Deferring Medicare Part B Enrollment

Posted on Friday, 21st September 2018 by Dennis Damp

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Updated 11/11/2024 I presented a briefing for the Employee’s Retirement Club at the Food and Drug Administration (FDA) at the invitation of the group’s chairperson. We discussed a number of topics including FEGLI, Long Term Care, and Medicare signup. There was some confusion about the ability to defer Part B premiums if your spouse continues […]

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How Much is Enough for Retirement?

Posted on Friday, 7th September 2018 by Dennis Damp

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Fortunately, Federal employees are able to determine where they stand financially before retiring. When you evaluate your Thrift Savings, civil service annuity, social security and other savings and investment accounts you will discover the reality of retirement for you and your family. Will you have enough to not only live comfortably but to achieve your […]

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Getting it Right the First Time

Posted on Friday, 3rd August 2018 by Dennis Damp

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Recently, Greg asked, “how important is it to attend a retirement briefing or not?” He and his wife intend to travel the country for several years after leaving federal service. I developed my retirement planning website because I attended two agency sponsored retirement seminars and came back with more questions than answers. That being said, […]

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Retirement Processing Delays – Don’t Let This Happen to You

Posted on Thursday, 21st June 2018 by Dennis Damp

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There are a number of actions to take long before you retire to expedite retirement application processing. If you don’t correct certain errors prior to applying be financially prepared to live on a reduced interim annuity check for an extended period. One of our site visitors recently discovered that her ten years of military service […]

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How to Find Essential Retirement & Benefit Information

Posted on Friday, 8th June 2018 by Dennis Damp

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Updated 8/14/2023 When you require information about your benefits and retirement planning you need resources at your fingertips to make informed decisions FAST. OPM does have a comprehensive site, http://www.opm.gov, that you can search and find abundant information, however it is often difficult to locate what you are looking for. Plus they don’t offer advice […]

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Life’s Milestones – Retiree Perspective

Posted on Friday, 1st June 2018 by Dennis Damp

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There are many significant milestones in all of our lives. I attending Milton Hershey School for Boys in the late 1950s and early 60s, graduated from high school and college, received my draft notice in 1968, joined the U.S. Air Force, married my high school sweetheart, landed my first government job with the Department of […]

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Surviving on an Interim Annuity Payment

Posted on Friday, 18th May 2018 by Dennis Damp

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Are you prepared to live on reduced income until your retirement claim is processed? Those already retired know all about this, they received interim annuity payments until the final adjudication of their retirement. For me personally, it only took three months. I retired on December 31 and my first full annuity payment, with credits for […]

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