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A 2024 Retiree’s Reflections, Thoughts, and Comments

Posted on Friday, 13th December 2024 by Dennis Damp

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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 […]

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IRMAAs and the Open Season Connection – Proceed with Caution

Posted on Friday, 15th November 2024 by Dennis Damp

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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 […]

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Is Working in Retirement A Necessity Today?

Posted on Friday, 5th April 2024 by Dennis Damp

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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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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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Hiring A Financial Advisor – How and Why (Part 1)

Posted on Friday, 21st April 2023 by Dennis Damp

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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 […]

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Job Opportunities for Annuitants & Soon to Retire Employees

Posted on Friday, 31st March 2023 by Dennis Damp

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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 […]

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RMDs, Annuity Statements and 1099Rs Are on Their Way

Posted on Friday, 16th December 2022 by Dennis Damp

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Yes Virginia, there is a Santa Clause. This time of year, the Thrift Savings Plan (TSP) sends out participant’s Required Minimum Distributions (RMDs), and in early January our annuity statements will arrive reflecting an 8.7% for CSRS and 7.7% FERS COLA increase. RMDs The first year you are 72 or older and separated from service […]

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Which Way is Up – A Retiree’s Conundrum

Posted on Friday, 8th April 2022 by Dennis Damp

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It’s impossible to time the market. One of the financial advisers I talked with years ago asked me this question: “Who are you investing for?” He suggested being more aggressive if you don’t require your investments to live on in retirement or investing primarily for your heirs. The market ultimately increases over time. The S&P […]

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