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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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COLAs, I Bond Interest, and Leaving Federal Service for the Private Sector

Posted on Sunday, 23rd January 2022 by Dennis Damp

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I’ve received a number of questions ranging from COLAs and I Savings Bond interest, to the impact on a federal employee’s annuity if they retire early or take a deferred retirement.  You may find this information helpful. COLAs and the FERS Supplement FERS employees retiring with a Special Supplement should be aware of their limitations. […]

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Working in Retirement – The Advantages

Posted on Friday, 22nd October 2021 by Dennis Damp

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First, let me start off with a correction for the COLA article sent out last week. Here is the correct link to the table of all COLAs from 1999 to the present. I generally release timely articles the day they are announced; in the rush I neglected to check the original link. There are many […]

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Deciding When To Retire – Use this 7-Step Guide

Posted on Friday, 3rd September 2021 by Dennis Damp

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Updated 12/15/2024 When can I retire? A question asked often by those approaching retirement age and by those early in their career who have the foresight to think ahead. It isn’t as simple a decision as reaching your eligibility date, especially if you haven’t prepared early in your career to have the assets necessary to […]

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Annuity Expectations – Before and After

Posted on Friday, 6th August 2021 by Dennis Damp

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Your annuity, a defined benefit retirement plan, is determined by the retirement system that you are in, either the Federal Employees Retirement System (FERS) or the Civil Service Retirement System (CSRS). Approximately 2 percent of current federal employees are under the old CSRS / CSRS Offset system, the FERS program was established in the 1980s. […]

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Federal Retirees Needed to Provide COVID 19 Pandemic Support

Posted on Sunday, 29th March 2020 by Dennis Damp

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Federal retirees are generally able to reapply for federal jobs under the rehired annuitant program. The government is fast tracking dual compensation waivers that will allow reemployed retirees, with critical skills needed to fight this pandemic, to return to work without impacting their annuity. Request a Personalized “Federal Retirement Report” Today  In light of the […]

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The Ultimate Retirement Planning Guide – Start Now!

Posted on Friday, 15th November 2019 by Dennis Damp

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Updated 12-15-2024 Retirement is more of a destination, unlike a planned vacation, where you return to work a few days after the trip is over.  Whether you are going on vacation or planning your retirement you have to research and prepare to make the event truly remarkable. Carole, one of our newsletter subscribers, asked if […]

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