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Retirement Progression – One Day at a Time to Infinity

Posted on Friday, 15th March 2024 by Dennis Damp

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I felt liberated from the day-to-day work schedule of the past 40 plus years when I first retired, and I see this excitement in new retirees that I encounter.  Most, with some reservations, feel such a sense of elation when they walk out the door for the last time and realize their new life begins […]

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Updated Guidance, Clarifications, & Observations

Posted on Friday, 23rd February 2024 by Dennis Damp

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I’ve written hundreds of articles for our newsletters and blogs and updated our Federal Employee’s Retirement Planning Guide frequently over the past 20 years. Even though we update our sites as needed, our blogs, newsletters, and at times our websites are time sensitive. Due to federal regulations, benefits, and financial planning guidance changes, over time, […]

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Estate Planning Guide Revisited – Setting up Your Plan

Posted on Friday, 9th February 2024 by Dennis Damp

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Shanaz, one of newsletter subscribers, wrote, “I have been trying to read the ‘Estate Planning Guide’ from the link you have provided in your newsletter. Is it possible for you to email the document so I can read it without distraction from all the ads.” The guide is only available online and I removed the […]

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Considering Your Options – Should You Stay the Course?

Posted on Friday, 2nd February 2024 by Dennis Damp

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A Federal Employee’s Dilemma Is the grass greener on the other side? Humm, maybe, depending on the circumstances, yes and no!  If you’re referring to Ireland, yes, their grass is literally greener than most. When it comes to a career change proceed with caution, especially when considering federal employment’s exceptional pay and benefits. In my […]

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Tax Forms Availability and Annuity Statements

Posted on Friday, 26th January 2024 by Dennis Damp

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The Social Security Administration was the first to send out forms again this year.  Our 1099 R Tax Forms typically aren’t available until the end of January to early February by regular mail. Registered users of OPM’s Retirement Services Website can download their Annuity Statement and 1099 R forms now. 1099 Forms I received my […]

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TSP RMDs & Withdrawals Plus Site Navigation Tips

Posted on Friday, 19th January 2024 by Dennis Damp

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I was required to take my first RMD at age 70 ½ several years ago before the laws were changed. Under the SECURE 2.0 Act in 2023 the required withdrawal age increased to 73. Several newsletter subscribers asked for an update on TSP annuities, RMDs, and withdrawals in general. Rachel stated, “While the new TSP […]

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Preparing for the New Year – 2024 Updates

Posted on Friday, 5th January 2024 by Dennis Damp

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It’s the beginning of a new year and a good time for those planning their retirement to assess where they are financially, long before filing their retirement paperwork. Federal employees received a significant pay increase this year, 5.2% on average after factoring in locality pay. The 2024 pay charts are available for your review. COLA […]

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2023 in the Rear View Mirror – Observations and Updates

Posted on Friday, 15th December 2023 by Dennis Damp

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I like to close out each year with a few last-minute updates and observations. My next article won’t be published until early January. Time to celebrate the holidays and just sit back and relax awhile. The Clock Keeps Ticking – Thankfully The older I get, the faster time flies by. In our youth most couldn’t […]

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