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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Posted on Friday, 29th December 2017 by Dennis Damp
Lots of good news for federal employees and annuitants alike this year. First off, there were no major changes to our benefits even though many services wrote volumes about proposals that never materialized. I seldom cover these proposals because the majority of members in both parties currently don’t support them. That being said entitlements and […]
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Posted on Monday, 18th December 2017 by Dennis Damp
No matter where you are at in your life; just starting out, mid career or retired, knowing where you stand financially helps you weather the storms that may be ahead. Do you have the resources to not only make ends meet today but to have the freedom in retirement to expand your horizons and do […]
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Posted on Saturday, 18th November 2017 by Dennis Damp
The TSP Modernization Act (H.R. 3031) was signed by the President November 17, 2017. This update, one of the first since the TSP was established, provides users with additional options to manage their invested funds, including the ability to make multiple post-separation partial withdrawals and to make multiple in-service age-based withdrawals once the participant has […]
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Posted on Wednesday, 8th November 2017 by Donna Day
Thrift Savings Plan contributors may see more flexibility when it comes to making withdrawals from their TSP as part of their retirement plan. The TSP Modernization Act will allow multiple-age based and post-separation withdrawals from their TSP accounts; the bill has gone to the Senate for a vote. The TSP Modernization Act of 2017 (H.R. 3031) […]
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| Comments (0)Posted on Thursday, 19th October 2017 by Dennis Damp
Many annuitants change to a lower cost FEHB plan because most plans waive the majority of the deductibles, copayments, and coinsurance payments when you sign up for Medicare Part A & B. One of our newsletter subscribers contacted me about the change to Blue Cross Blue Shield Basic for 2018. The FepBlue.org site states, “If […]
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Posted on Monday, 9th October 2017 by Dennis Damp
Open season runs from November 13 through December 11 of this year however some providers already have their 2018 plan brochures available. GEHA sent me an email message listing a summary of plan changes for 2018 and a link to their 2018 brochure! You can view the GEHA 2018 Brochure on their site and save […]
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Posted on Wednesday, 4th October 2017 by Dennis Damp
FEHB Premium Increases The U.S. Office of Personnel Management (OPM) announced today that the overall average increase in total premiums for the 2018 Federal Employees Health Benefits (FEHB) Program will rise by an average of four percent. The new 2018 Federal Employee Health Benefit (FEHB) rates were published on October 4th. View the 2018 rates […]
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