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A Marriage of Convenience – Medicare & FEHB

Posted on Thursday, 11th July 2019 by Dennis Damp

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Updated 11/11/2024 Many approaching 65 ask, “Why shouldn’t I simply sign up for Medicare A and B and cancel my FEHB plan?” They believe at first glance that Medicare A and B duplicate what our Federal Employees Health Benefits (FEHB) plans provide. I reply to this question many times throughout the year and refer those […]

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FERS Supplement Update – Are You Eligible

Posted on Thursday, 13th June 2019 by Dennis Damp

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There are many things to consider when determining your FERS retirement benefits. If you meet certain requirements, you will receive a Special Retirement Supplement which is paid until you reach age 62. This supplement is similar to the Social Security benefit earned while you were employed by the Federal government. However, since the formula for […]

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Retiree Job Opportunities – Federal Annuitants Have the Advantage

Posted on Friday, 31st May 2019 by Dennis Damp

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Our Federal Retiree Jobs Board intro states, “Jobs are posted on this site by employers that are seeking highly qualified, reliable, and skilled federal annuitants and employees approaching retirement. Federal employees and retirees are sought out by corporate America due to their exceptional service, skills, education, security clearances held, and knowledge of their agency or […]

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Managing Your Required Minimum Distributions (RMDs)

Posted on Saturday, 18th May 2019 by Dennis Damp

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Those approaching age 70 ½ and older are often perplexed about their Thrift Savings Plan RMD withdrawal options and how to efficiently manage the transaction’s proceeds. Some of the concerns are your TSP balance decreases with each withdrawal, annual income and taxes increase, and the earned income potential vanishes for the cash you now have […]

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Time to Sign Up for Social Security!

Posted on Saturday, 27th April 2019 by Dennis Damp

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Most sign up long before age 70 for a myriad of reasons. I decided long ago that I would defer my benefit until I absolutely had to apply. Next month I start collecting Social Security at age 70 and can’t believe the time has come so quickly, yet I look forward to reaching this milestone. […]

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TSP Changes & Required Minimum Distributions (RMDs)

Posted on Monday, 4th March 2019 by Dennis Damp

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The TSP currently requires that you make a full withdrawal election after you turn 70½ if you haven’t initiated any of the withdrawal options and have separated from federal service. If you fail to do that, the TSP initiates an account “abandonment” process. Fortunately, the new law passed in late 2017 establishes more flexible withdrawal […]

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The 2019 Pay Raise – Ways to Save

Posted on Sunday, 24th February 2019 by Dennis Damp

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The President signed a spending bill fully funding the federal government through September of this year. The bill authorized a 1.9% pay raise for federal employees. It will take time for all of the agencies to load the updated tables into their system and we will post the new 2019 pay tables as soon as […]

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Is a Vacation Home in Your Future? (A Personal Perspective)

Posted on Sunday, 17th February 2019 by Dennis Damp

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Many retirees dream of a home away from home. The thought of having a place to escape to in the winter months, or during the summer for sun lovers, is enticing on many levels. Others consider a mobile home to explore this vast county in style and to visit the many attractions they heard so […]

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