Posted on Friday, 21st October 2022 by Dennis Damp
Each year we publish a comprehensive leave record that federal employees can use to track their annual and sick leave, comp, and credit hours used. Our updated 2023 Excel Leave Chart is designed for active federal employees that are planning their retirement and need to establish realistic target retirement dates. This spreadsheet also helps federal […]
Tags: 2023 Leave Chart, Leave Tracker, Retirement Planning
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Posted on Friday, 14th October 2022 by Dennis Damp
Please forward this alert to others that may need to review their beneficiary designations. A site visitor contacted us about her husband’s untimely death. He died the day before he was scheduled to retire from federal service. His wife was notified by a HR specialist that she might not receive any of her husband’s retirement […]
Tags: Beneficiary Election Forms, estate planning, Order of, Survivor Benefits
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Posted on Friday, 7th October 2022 by Dennis Damp
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: Financial PLanning, Medicare, Medicare Signup, RMDs, TSP Withdrawals
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Posted on Friday, 16th September 2022 by Dennis Damp
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: 2023 COLA, Savings Options, Treasury Bill Yields
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Posted on Friday, 9th September 2022 by Dennis Damp
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: COVID, COVID SYmptoms, Paxlovid Antiviral, Surviving COVID
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Posted on Friday, 26th August 2022 by Dennis Damp
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: Annuity Calculator, Annuity Projections, CSRS Annuity Projections, FERS Annuity Projections
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Posted on Friday, 12th August 2022 by Dennis Damp
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: CSRS, FERS, Retirement Counseling, Retirement Planning, Retirement Planning Assistance
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Posted on Friday, 22nd July 2022 by Dennis Damp
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 […]
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