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2013 COLA and Retirement Application Submission Clarification

Posted on Friday, 28th September 2012 by Dennis Damp

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Recently, the Congressional Budget Office has suggested that a 1.3 percent cost-of-living adjustment is pending for Dec. 1 that includes military, civilian, retired pay, and Social Security recipients. There was talk of an increase of as high as 1.9%. We will see the increase in our January annuity check. Today, 1.3% doesn’t look that bad […]

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How to Receive Social Security Benefit Statements

Posted on Friday, 21st September 2012 by Dennis Damp

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Social Security resumed mailing annual statements to all who are 60 or older and I received mine several months ago.  They also started sending a statement to workers when they first turn 25 to give them an idea of what their retirement benefits will be down the road.  For all of those in between you […]

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What Will You Do in Retirement?

Posted on Saturday, 15th September 2012 by Dennis Damp

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Most fantasize about retirement while working. I recall telling my wife when I was in my mid 20s that I wanted to stay with federal service because I could retire at age 55, which I did by the way. However, we live in the real world and retirement is a HUGE decision that changes your […]

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Phased Retirements Introduction & Movies Then and Now

Posted on Saturday, 8th September 2012 by Dennis Damp

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Had this program been available when I was planning my retirement I might have considered it to test the waters before leaving altogether? The new Phased Retirement program is authorized under section 100115 of Public Law 112-141, the “Moving Ahead for Progress in the 21st Century Act,” or “MAP-21,” approved on July 6, 2012. If […]

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You Can’t Hide In Fixed Income

Posted on Thursday, 6th September 2012 by Paul Risser

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Investing timidly may shield you against risk … but not against inflation. Presented by Paul H. Risser When is being risk-averse too risky for the sake of your retirement? After you conclude your career or sell your company, you have a right to be financially cautious. At the same time, you can risk being a […]

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Avoiding the TSP 10% Penalty and How to Collect a Deferred Annuity

Posted on Saturday, 25th August 2012 by Dennis Damp

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If you are considering a TSP withdrawal be aware of the potential for a 10% penalty. You can always withdraw funds from the TSP after you leave federal service, however to avoid the 10% tax penalty, you must meet one of these exceptions:   Additional 10% Penalty Tax If you receive a TSP distribution before […]

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What You Need to Know About Your Last Day of Work, Avoiding Processing Delays

Posted on Saturday, 18th August 2012 by Dennis Damp

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Did you know that you can retire on any day you choose?  There are many articles online to help you select the best day to retire but when selecting that perfect date, don’t forget that retirements are always effective at the end of a scheduled day. For example, Janet’s normal work schedule is Monday-Friday from […]

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THE RETIREMENT REALITY CHECK

Posted on Thursday, 9th August 2012 by Paul Risser

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Little things to keep in mind for life after work. Presented by Paul H. Risser Decades ago, there was a popular book entitled What They Don’t Teach You at Harvard Business School. Perhaps someday, another book will appear to discuss certain aspects of the retirement experience that go unrecognized – the “fine print”, if you […]

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