Posted on Friday, 27th April 2018 by Dennis Damp
Low interest rates over the past decade have driven many to abandon secure FDIC insured savings, Treasury Bills and Notes for higher risk investments such as stocks, ETFs, and mutual funds. A good number of savers simply left their savings in very low yielding bank accounts and suffered the loss of income and decreased buying power […]
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| Comments (0)Posted on Thursday, 5th April 2018 by Dennis Damp
What would encourage a retiree to return to the workforce today? How about a 20% deduction on your new found income! Many that left federal service still have much to offer and can turn a part-time adventure into extra cash that supplements their annuity, Social Security, and TSP payouts. Today, there are many opportunities for […]
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Posted on Monday, 26th March 2018 by Dennis Damp
Attorney General Jeff Sessions recently fired Andrew McCabe, the FBI Deputy Director 2 days before he would have become eligible for a 20 year LEO early retirement. The Justice Department’s Office of the Inspector General (OIG) reported that without authorization the Deputy Director released information to the news media. Many assume he lost his pension. […]
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| Comments (0)Posted on Saturday, 17th March 2018 by Dennis Damp
“Retirement is wonderful if you have two essentials — much to live on and much to live for.” The author for this quote is unknown but whomever made this observation was certainly an astute observer of the human condition. Most retire with much to live for; watching their children mature and become successful responsible adults, […]
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Posted on Tuesday, 27th February 2018 by Dennis Damp
I receive many questions from site visitors concerning OPM’s Retiree Services Online (SOL). Their site allows users to view their annuity statements, change allotments, download their 1099R tax form, set federal and state tax withholdings, and much more. To register for the first time you must first call OPM and request a temporary password that […]
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Posted on Thursday, 25th January 2018 by Dennis Damp
The TSP Rebalancing Act If you have been in the market these past ten years, including your TSP and other retirement accounts, your allocations are probably off considerably from where you initially set them. Many rebalance their stock and bond portfolios at least annually however it is easy to forgo this essential step with all […]
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Posted on Thursday, 18th January 2018 by Dennis Damp
1099Rs Available Now! Normally, federal annuitants don’t received their 1099R Tax Forms until the end of January or the beginning of February by regular mail. If you are registered to use OPM’s Retirement Services Website your 1099 R is now available for download. I visited the site on January 16, 2016 and was able to […]
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Posted on Monday, 8th January 2018 by Dennis Damp
In January of 2017 the full retirement age (FRA) started increasing to age 67 in two-month increments over the next six years. When I refer to 66 as full retirement age in this article be aware that your FRA will be up to a year later depending on when you turn 62. OK…, you are […]
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