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Career Development & the Retirement Connection

Posted on Wednesday, 5th August 2015 by Dennis Damp

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Please share this article with your friends and associates. Any mention of our articles and www.fedretire.net on Facebook and other social media would be appreciated. I was asked by the Federal Energy Regulatory Commission (FERC) to be a guest speaker at their Washington DC headquarters on July 29th 2015. I discussed ways for employees to enhance their careers through the development […]

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Survivor’s Beware – The TSP Trap

Posted on Saturday, 16th May 2015 by Dennis Damp

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(Updated 2/26/2023) I received a call from the wife of a friend who passed away. She was concerned about her options after being notified by the TSP that her husband’s account was converted to the G Fund upon his death. She was approached by a financial planner that suggested she transfer her husband’s TSP account […]

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The TSP Advantage (Should I Stay or Go)

Posted on Monday, 6th April 2015 by Dennis Damp

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(Updated 2/26/2023) In my article titled Have You Considered Hiring a Financial Advisor, I discussed professional investment assistance and the advantages and costs associated with hiring a financial advisor.  This article focuses on the Thrift Savings Plan (TSP), its benefits, and their very low management fees compared to other funds.  It also introduces you to various […]

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The 2016 COLA and Your Annuity

Posted on Saturday, 7th March 2015 by Dennis Damp

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The impact that our Cost Of Living Adjustment (COLA) has on our annuity is significant and without it retirees would find themselves doing with less as they age. Even though our COLAs don’t truly keep up with inflation as claimed we at least experience increases most years. If COLAs would have been paid in 2010 […]

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1099-R Forms, FREE Tax Software, and Updates

Posted on Tuesday, 27th January 2015 by Dennis Damp

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1099-R Forms I like to complete my taxes as early as possible and often end up waiting for key documents such as our 1099-R form and various bank and investment forms. The online availability of most of these documents does save time. I visited OPM’s Services Online on January 22nd and was able to download […]

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CAUTION – Do These Things Before You Retire

Posted on Friday, 23rd January 2015 by Dennis Damp

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Updated 2/22/2024 Please forward this article to everyone in your organization that is planning on retiring over the next five years and tag it for your Facebook and other social media pages. Once you retire you lose access to many online agency and government web sites that hold valuable information that you may need after […]

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Are You Ready For Retirement?

Posted on Monday, 12th January 2015 by Dennis Damp

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This is a good time of year to look forward and decide on a path to take either towards retirement or to what you would like to accomplish while retired. It’s easy to let another year slide by without taking action – procrastinating – on a number of issues. Federal employees who are approaching retirement […]

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TSP Survivor Withdrawal Options – Update

Posted on Monday, 5th January 2015 by Dennis Damp

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The article we published on Survivor’s Benefits stated that “Upon your death, the funds in your TSP account cannot remain in the TSP. Your account will have to be distributed to the beneficiary(ies) you indicate on Form TSP-3, Designation of Beneficiary.” This information is correct for non-spouse beneficiaries. When a spouse is determined to be […]

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