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1099R Forms Available NOW! Plus, Recovery Rebate Credits

Posted on Tuesday, 19th January 2021 by Dennis Damp

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Our 1099R Tax Forms typically aren’t available until the end of January by regular mail. Registered users of OPM’s Retirement Services Website can download their 1099R NOW! I visited the site on January 19, 2021 and downloaded my copy early to use for my 2020 tax return. You must be registered to use their site. […]

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Contacting OPM – Delays Reported

Posted on Thursday, 14th January 2021 by Dennis Damp

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OPM is currently experiencing high call volumes and longer than normal wait times on the Retirement Information Office Toll Free number (888-767-6738). Their highest call volume is on Monday and Tuesday mornings. Request a 27 page Federal Retirement Report™ today. A one hour session with a Certified Financial Planner is incuded. To minimize wait times, […]

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Notice of Annuity Adjustment, and 1099 R Tax Forms

Posted on Thursday, 7th January 2021 by Dennis Damp

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Corrections:  I misquoted the 2021 COLA in last week’s article titled “1% Pay Raise Approved for 2021 – GS Pay Charts Available;” it is 1.3% not 1.6%  The blog article was corrected. Generally, in late December federal retirees receive a Notice of Annuity Adjustment that provides abundant information for annuitants and their survivors. The mailed statements […]

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1% Pay Raise Approved for 2021 – GS Pay Charts Available

Posted on Friday, 1st January 2021 by Dennis Damp

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Those planning to retire soon will benefit somewhat from the small 1% federal employee’s pay raise this year. Primarily, your annual leave buy back will be at the new pay rate starting the first pay period of 2021. If you plan on staying another year or longer the raise will increase your high three average […]

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2021 COLA Announced and Annuity Projection Calculator

Posted on Tuesday, 13th October 2020 by Dennis Damp

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I reported in mid-September that the 2021 COLA was projected to be anywhere from .44% to as high as 1.2% according to Kiplinger’s. The Social Security Administration announced a 1.3% COLA increase on October 13th for 2020. CSRS and FERS annuitants will receive the full 1.3% this year. View the table of all COLAs from […]

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2021 Leave Chart & Schedule Tracker Now Available

Posted on Friday, 9th October 2020 by Dennis Damp

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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 2021 Excel Leave Chart is designed for active federal employees that are planning their retirement and need to establish realistic target retirement dates. The new Excel 2021 Leave […]

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Required Retirement Application Forms

Posted on Friday, 18th September 2020 by Dennis Damp

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I receive many questions this time of year about the retirement process and required forms. It can take several months for HR to process your papers and send them to the Office of Personnel Management (OPM) for final determination of your claim. Many federal and postal workers elect to retire at end of year because […]

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Survivor’s Checklist Update

Posted on Saturday, 22nd August 2020 by Dennis Damp

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Estate planning is a sensitive issue and many avoid the subject until it’s too late. This can and will compromise your heir’s benefits, or at least delay them when they will be needed most.  It’s never too late to start. It is advisable to compile this information long before it will be needed, and the […]

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