Posted on Saturday, 27th March 2010 by Dennis Damp
I receive many calls and emails from federal employees, annuitants, executors, attorneys, and banks asking for contact information and guidance for key benefit areas. There are many organizations and government offices that you MUST be able to contact to effectively manage your annuity, insurance, investments, and estate. I compiled a list of key contacts, with […]
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| Comments (2)Posted on Friday, 26th February 2010 by Dennis Damp
On our latest trip south this winter we discovered some really neat travel aids that helped make the journey enjoyable and safe. Traveling in the winter months is always a concern and this year we used the web site http://www.trippish.comto determine the best day to leave based on the weather forecasts along the route. This […]
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| Comments (0)Posted on Monday, 15th February 2010 by Linda Sherman
“Retirement is wonderful if you have two essentials — much to live on and much to live for.” – Author Unknown To determine how much you will have to live on estimate your gross annuity and complete our retirement costs spreadsheet. After determining that you have the resources to retire comfortably, the following discussion will […]
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| Comments (5)Posted on Tuesday, 26th January 2010 by Dennis Damp
Thanks to the 2010 National Defense Authorization Act a number of retirement benefit changes were implemented that will help many federal employees and retirees. Everything from some retirees being able to keep both their annuity and federal check if they decide to go back to work for Uncle Sam as a rehired annuitant , more […]
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Posted on Saturday, 16th January 2010 by Linda Sherman
What’s all the hoopla about the Roth retirement accounts? Traditional and Roth retirement accounts have been around for years, but recent changes in IRS tax laws, and the TSP-Roth option available in 2011 have created renewed interest in Roth investment opportunities. With these new opportunities, it is important to evaluate which option is best for […]
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Posted on Saturday, 9th January 2010 by Linda Sherman
This article, updated 2/17/2023, will help you evaluate your total insurance needs and costs. Inevitably during a new employee orientation, someone would ask, “How much life insurance do I need?” And another classmate would shout back, “As much as you can get.” Or, “Five to ten times your income.” As an HR Specialist, I could […]
Tags: FEGLI, Insurance, Insurance Evaluation
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Posted on Wednesday, 16th December 2009 by Linda Sherman
Life insurance is often the last thing a federal employee thinks about when deciding to retire. After all, you are looking for a great escape not your last hoorah. Yet, making uninformed FEGLI decisions prior to retiring can make it very difficult for your loved ones. What you should know about your Federal Employees Group […]
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| Comments (7)Posted on Wednesday, 2nd December 2009 by Dennis Damp
Yes Virginia, there is a Santa Clause. The signed National Defense Authorization Act permits FERS employees to apply their accrued sick leave towards retirement. However, the credit is phased in with a 50 percent credit for those who retire now and full conversion after January 1, 2014. OPM is developing final regulations on this subject […]
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