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Posted on Monday, 27th September 2010 by Dennis Damp

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A soon to be retired fed contacted me last month about an estimate they received from their HR department with a grossly incorrect survivor benefit cost estimate. The employee was advised that a full survivor benefit for their spouse would reduce their monthly benefit by one third!  Incorrect high estimates like this can put the […]

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Posted on Thursday, 26th August 2010 by Dennis Damp

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The FERS supplement and deferred annuities have attracted considerable attention recently. Many are thinking seriously about early retirement these days. Thankfully we have Linda Duncan, our HR and Benefits Forum Host, available to handle these often complex issues for our site visitors. We recently added a Travel Forum and Nancy Holston’s article titled New England […]

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Posted on Monday, 2nd August 2010 by Dennis Damp

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We receive many questions each month from retirees and federal employees and many are focused on the following subject areas. I suggest copying this article and keep it with your important papers so you and your family will have the answers needed when faced with these issues. Retirement Income Verification If a mortgage company or […]

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Posted on Friday, 30th April 2010 by Dennis Damp

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Everyone, regardless of whether or not you’re retired, could use extra income to do with as you please. Several companies have posted new full and part time job opportunities on our career center recently at http://federalretirement.net/jobsboard.htm. You will find full time, part time, and work from home job vacancies and when you add in the […]

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Posted on Saturday, 27th March 2010 by Dennis Damp

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I receive many calls and emails from federal employees, annuitants, executors, attorneys, and banks asking for contact information and guidance for key benefit areas. There are many organizations and government offices that you MUST be able to contact to effectively manage your annuity, insurance, investments, and estate. I compiled a list of key contacts, with […]

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Posted on Monday, 15th February 2010 by Linda Sherman

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“Retirement is wonderful if you have two essentials — much to live on and much to live for.” – Author Unknown To determine how much you will have to live on estimate your gross annuity and complete our retirement costs spreadsheet. After determining that you have the resources to retire comfortably, the following discussion will […]

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Posted on Tuesday, 26th January 2010 by Dennis Damp

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Thanks to the 2010 National Defense Authorization Act a number of retirement benefit changes were implemented that will help many federal employees and retirees.  Everything from some retirees being able to keep both their annuity and federal check if they decide to go back to work for Uncle Sam as a rehired annuitant , more […]

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Posted on Wednesday, 2nd December 2009 by Dennis Damp

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Yes Virginia, there is a Santa Clause. The signed National Defense Authorization Act permits FERS employees to apply their accrued sick leave towards retirement. However, the credit is phased in with a 50 percent credit for those who retire now and full conversion after January 1, 2014. OPM  is developing final regulations on this subject […]

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