Posted on Saturday, 10th August 2019 by Dennis Damp
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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Posted on Sunday, 28th July 2019 by Dennis Damp
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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Posted on Thursday, 13th June 2019 by Dennis Damp
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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Posted on Saturday, 18th May 2019 by Dennis Damp
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 […]
Posted on Saturday, 27th April 2019 by Dennis Damp
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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Posted on Sunday, 24th February 2019 by Dennis Damp
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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| Comments (0)Posted on Tuesday, 5th February 2019 by Dennis Damp
I received several emails from federal workers that quit because of the shutdown! They asked how to cash in their FERS retirement. Recently, the Washington Post published an article about federal employee’s facing the decision to “Stay or Quit.“ Certainly, new hires and those with only a few years federal employment were struggling, and I […]
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| Comments (0)Posted on Tuesday, 15th January 2019 by Dennis Damp
This shutdown is the longest in history and if the parties can’t agree on funding border security this shutdown could go on for some time. The Washington Examiner reported, “Some 30 Democratic lawmakers left the government shutdown behind Friday on a chartered flight to Puerto Rico for a winter retreat with 109 lobbyists and corporate […]
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