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2023 COLA Projections and Treasury Rates Update

Posted on Friday, 16th September 2022 by Dennis Damp

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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 […]

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Surviving COVID and Annuity Calculator Update

Posted on Friday, 9th September 2022 by Dennis Damp

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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 […]

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Medicare Advantage Plans (Heads Up for Upcoming Open Season)

Posted on Friday, 2nd September 2022 by Dennis Damp

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I discussed the Medicare Advantage Plans associated with our Federal Employees Health Benefits (FEHB) last year during open season. These are relatively new and low-cost options that retirees can change to if they have a FEHB plan and Medicare A and B. Many are attracted to them because they are lower cost and offer partial […]

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Projected Annuity Calculator / CSRS & FERS

Posted on Friday, 26th August 2022 by Dennis Damp

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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. […]

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Retirement Planning Assistance – Finding Help (2022 Update)

Posted on Friday, 12th August 2022 by Dennis Damp

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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 […]

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2023 COLA Projections and Treasury Rates Rising

Posted on Friday, 22nd July 2022 by Dennis Damp

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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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FEHB Open Season for 2023 Plans– Higher Costs on the Horizon

Posted on Saturday, 16th July 2022 by Dennis Damp

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The 2022 FEHB Open Season will run from November 14, 2022 through December 12, 2022. Open Season starts every year on the Monday of the second full work week in November and ends on the Monday of the second full work week in December. OPM sent a FEHB Program Carrier Letter to all FEHB providers […]

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TSP Site Access Update & the Mutual Fund Window

Posted on Friday, 1st July 2022 by Dennis Damp

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Retirement account access is critical for those who need to change fund allocations, withdraw funds, add or change beneficiaries, or process other actions such as requesting an RMD. Many Thrift Savings Plan (TSP) account holders encountered major problems when trying to login to the new site. Some spent days working to regain access and were […]

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