fbpx

Medicare Signup, Premiums, and RMD Withdrawals – It’s Time

Posted on Friday, 7th October 2022 by Dennis Damp

Share

Medicare sent out their Medicare and You 2023 handbook last month to current recipients. The initial enrollment period remains the same. Those approaching 65 can sign up for Part A and/or Part B during the 7-month period that begins 3 months before the month you turn 65, includes the month you turn 65, and ends […]

Tags: , , , ,
Posted in

| Comments (0)

2023 COLA Projections and Treasury Rates Update

Posted on Friday, 16th September 2022 by Dennis Damp

Share

We provided our first 2023 COLA projection update last July. Costs continue to rise and mortgage rates are now up to 6%, almost double from where they were at the beginning of the year. Our COLA will be considerably higher than last year’s 5.9% for CSRS and 4.9% for FERS.   2023 COLA PROJECTIONS According […]

Tags: , ,
Posted in

| Comments (0)

Surviving COVID and Annuity Calculator Update

Posted on Friday, 9th September 2022 by Dennis Damp

Share

The past eight days were certainly different than expected. By all reports, COVID for those vaccinated would have been mild to moderate. We received our first two shots early on and a booster about 8 months later. During a recent visit to our PCP, we were advised to hold off on another booster. I lost […]

Tags: , , ,
Posted in

| Comments (0)

Projected Annuity Calculator / CSRS & FERS

Posted on Friday, 26th August 2022 by Dennis Damp

Share

Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Lifestyle Newsletter. Our updated excel annuity calculator spreadsheet projects your annuity and maximum survivor benefit growth through 2061 using an estimated average annual Cost of Living Adjustment (COLA). This calculator was developed by Frank Cullen, an old friend. […]

Tags: , , ,
Posted in

| Comments (0)

Retirement Planning Assistance – Finding Help (2022 Update)

Posted on Friday, 12th August 2022 by Dennis Damp

Share

Please forward this to others needing retirement planning assistance. Those planning their retirement and annuitants require accessible resources for answers to their individual and unique questions. OPM does a good job managing our retirement system overall. However, there are limits to what they can provide. It’s often frustrating and difficult finding competent help and the […]

Tags: , , , ,
Posted in

| Comments (0)

2023 COLA Projections and Treasury Rates Rising

Posted on Friday, 22nd July 2022 by Dennis Damp

Share

No matter where we look today, costs are rising as fast as the early 1980s. I remember those days well; mortgage rates were double digit and inflation followed suit. We are fast approaching those lofty levels, a record we don’t want to breach. 2023 COLA PROJECTIONS According to Wilbert J Morell III, a retired Navy […]

Posted in

| Comments (0)

ALERT – OPM Services Online Access Changes

Posted on Friday, 27th May 2022 by Dennis Damp

Share

Retirees use OPM Services Online to start, change or stop federal or state income tax withholdings; download 1099-R forms, change your mailing address, start or change direct deposits and view annuity payments. This system is available to those under the Civil Service Retirement System (CSRS), Federal Employees Retirement System (FERS), FERS Special, or the Organization […]

Posted in

| Comments (0)

2023 COLA – Up, Up, and Away

Posted on Friday, 29th April 2022 by Dennis Damp

Share

We can expect another significant COLA increase in 2023 if inflation continues on its current path or if we move to what economists call stagflation. According to the Senior Citizens League, the 2023 COLA could be as high as 8.9%; the largest increase since 1981 when it was 11.2%; in 1980 it was 14.3%! There […]

Posted in

| Comments (0)

Terms Of Use