Posted on Friday, 18th September 2020 by Dennis Damp
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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Posted on Saturday, 12th September 2020 by Dennis Damp
We can expect a smaller COLA increase for 2021. The final number will be released on October 13th. The August issue of Kiplinger magazine estimated an increase of 1.2% while others suggest a much lower figure of .44%. Both projections are much lower than the 1.6% we received last year. Projected COLA Going Down The […]
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Posted on Friday, 4th September 2020 by Dennis Damp
I know its early, open season doesn’t start until November. However, it is a good time to start thinking about your 2021 health care needs now. Open season is just around the corner. Request a Federal Retirement Report™ to review projected annuity payments, income verses expenses, FEGLI, and TSP projections. I recently talked with Kevin […]
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| Comments (0)Posted on Saturday, 22nd August 2020 by Dennis Damp
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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Posted on Friday, 31st July 2020 by Dennis Damp
Often as we age, health concerns take center stage and many times sideline our plans and dreams. A fact of life for retirees and those approaching retirement. Actually, this can happen at any age and it’s imperative we seek out competent medical help to get us back on our feet and enjoying life again. Request […]
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| Comments (0)Posted on Saturday, 13th June 2020 by Dennis Damp
The CARES Act offers temporary loan and withdrawal options for TSP participants affected by COVID-19. The dramatic stock market sell-off this past March and subsequent correction last week reduced portfolio values dramatically for many. Lower account balances for all but the bond funds make the decision to take out loans or elect a withdrawal difficult. […]
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Posted on Thursday, 4th June 2020 by Dennis Damp
Last week’s article titled “Prescription Coverage Dilemma” described problems I encountered filling a prescription I’ve used for the past five years. The process used to fill non-preferred scripts is convoluted, and all parties suffer the consequences. I received many comments from last week’s column describing similar problems. Request Your Personal Federal Retirement Report™ Today One […]
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| Comments (0)Posted on Monday, 1st June 2020 by Dennis Damp
There are many things to consider when evaluating our Federal Employees Health Benefits (FEHB) in preparation for the next Open Season: plan cost, doctor accessibility, prescription copayments and availability, coverage for current medical conditions, and so much more. Even with considerable review and research we get blindsided by unusual situations. Attend a 2-Hour Benefits Briefing […]
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