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2021 COLA and the 2020 Health Care Open Season

Posted on Saturday, 12th September 2020 by Dennis Damp

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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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Health Plan Comparisons – The Good News

Posted on Friday, 4th September 2020 by Dennis Damp

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  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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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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Second Opinions Matter

Posted on Friday, 31st July 2020 by Dennis Damp

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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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TSP CARES ACT & Life Cycle Fund Changes

Posted on Saturday, 13th June 2020 by Dennis Damp

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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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Prescriptions Revisited (FEHB)

Posted on Thursday, 4th June 2020 by Dennis Damp

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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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Prescription Coverage Dilemma – FEHB Plans

Posted on Monday, 1st June 2020 by Dennis Damp

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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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Finding Help – Retirement Planning Assistance

Posted on Friday, 15th May 2020 by Dennis Damp

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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 and will provide. It’s often frustrating and difficult finding competent help and the level of assistance required. There are many […]

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