Posted on Wednesday, 29th January 2025 by Dennis Damp

According to OPM’s memo dated 1/28/2024, the President requires that employees return to in-person work. The Presidential directives issued this past week are intended to restore accountability for employees with policy-making authority, restore accountability for senior career executives, and reform the federal hiring process to focus on merit. Deferred resignation availability is limited to all […]

Tags: Deferred Resignations, Deferred Retirement, DOGE, Early Retirement, Federal Employee Deferred Resignations, FERS Retirement, VERA, VSIP
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• ANNUITIES / ELIGIBILITY
• BENEFITS / INSURANCE
• EMPLOYMENT OPTIONS
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION

Posted on Friday, 3rd January 2025 by Dennis Damp

Elon Musk and Vivek Ramaswamy met with the House of Representatives in Washington, D.C., to discuss their plan to slash government regulations and streamline the Federal executive branch. They will lead Donald Trump’s administration’s Department of Government Efficiency (DOGE). They won’t hold cabinet positions and will function outside government to advise the new administration on […]

Tags: CSRS, Deferred Retirment, DOGE Federal Reorganization, DOGE Impact on Federal Jobs, Early Federal Retirement, Early Federal Retirement Options, Federal Employee's Retirement System, Federal Retirement Tsunami - 2025, FERS
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• ANNUITIES / ELIGIBILITY
• BENEFITS / INSURANCE
• EMPLOYMENT OPTIONS
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION

Posted on Friday, 13th December 2024 by Dennis Damp

I close out each year with a few last-minute updates and observations. My next article won’t be published until early January. It’s time to celebrate the holidays and just sit back and relax. At the age of 75, soon to be 76, I realize just how fortunate we are, and much of that is thanks […]

Tags: CSRS, CSRS Offset, FERS, Open Season Follow-up, The FERS Advantage
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• ANNUITIES / ELIGIBILITY
• BENEFITS / INSURANCE
• EMPLOYMENT OPTIONS
• ESTATE PLANNING
• FINANCE / TIP
• LIFESTYLE / TRAVEL
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION

Posted on Friday, 15th November 2024 by Dennis Damp

If your income has or will increase due to Required Minimum Distributions (RMDs) or accrued interest, dividends, and capital gains from your cash and investments, review the Part B and D IRMAA premiums listed below. Income Required Monthly Adjustment Amounts (IRMAAs) make Medicare Advantage Plans less attractive despite providing Part B subsidies. The Centers for […]

Tags: 2025 Medicare IRMMAs, 2025 Medicare Premiums, Income Required Monthly Adjustment Amount, IRMMA, Medicare Premiums
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• BENEFITS / INSURANCE
• EMPLOYMENT OPTIONS
• ESTATE PLANNING
• FINANCE / TIP
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• SURVIVOR INFORMATION
• WELLNESS / HEALTH

Posted on Friday, 5th April 2024 by Dennis Damp

Considering today’s high cost of living, it’s no wonder why many retirees are looking for jobs to make ends meet. A visit to your local grocery store brings this home when we walk out with two small bags of groceries for $100. Meat, coffee, and just about everything is simply off the charts. We picked […]

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• BENEFITS / INSURANCE
• EMPLOYMENT OPTIONS
• FINANCE / TIP
• LIFESTYLE / TRAVEL
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION

Posted on Friday, 2nd February 2024 by Dennis Damp

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 […]

Tags: Changing jobs, Deferred Annuities, Federal Civil Service, FERS, FERS Retirement, Leaving Federal Service
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• ANNUITIES / ELIGIBILITY
• BENEFITS / INSURANCE
• EMPLOYMENT OPTIONS
• FINANCE / TIP
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Posted on Friday, 21st April 2023 by Dennis Damp

Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. The Federal Reserve intentionally kept interest rates artificially near ZERO for many years. Now that interest rates and inflation are soaring in 2023, do we ladder CDs, buy short term Treasuries and corporate bonds, and/or […]

Tags: CFPs, Financial Advisors, TSP Considerations, Wealth Management
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• EMPLOYMENT OPTIONS
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
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Posted on Friday, 31st March 2023 by Dennis Damp

The economy continues to heat up. Employers added 311,000 workers in February, a sign that the pace of hiring continues to rise, economists predicted 225,000 new jobs! The Federal Reserve continues to raise interest rates to fight inflation. Their intent is to slow down the economy and raise the unemployment rate that is currently sitting […]

Tags: Federal Annuitants, FERS Retirees, Retiree Jobs, Security Jobs, Writing Jobs
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• ANNUITIES / ELIGIBILITY
• BENEFITS / INSURANCE
• EMPLOYMENT OPTIONS
• FINANCE / TIP
• RETIREMENT CONCERNS
• SURVIVOR INFORMATION