Posted on Monday, 14th July 2014 by Dennis Damp
Federal employees have valuable knowledge, skills, and training that can be highly beneficial to companies after retirement or that can be used to start your own business. Today many companies recruit active federal employees. FERS employees are more easily persuaded to change careers because most of their benefits can go with them, unlike CSRS employees […]
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| Comments (0)Posted on Saturday, 28th June 2014 by Dennis Damp
(Updated 2/17/2022) This article covers Life events that allow employees and annuitants to make FEGLI coverage changes. It’s important to be aware of these life event options otherwise you may lose out on important family coverage. Employees also have the ability during a life event change to increase their coverage. Retirees are only able to […]
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| Comments (0)Posted on Thursday, 6th February 2014 by Dennis Damp
The last series of articles focused on signing up for Medicare at age 65 and FEHB plan impact. Here is another update before moving on to other areas. I use Turbo Tax to complete our income taxes each year. When I was entering data from my wife’s Social Security SSA-1099 Form I discovered that Part […]
Tags: FEHB, Medicare, Retiree Jobs, retiree remodeling tips, Retirement Planning
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Posted on Saturday, 8th June 2013 by Dennis Damp
The new phased retirement program will permit those eligible to gradually work their way into full retirement. If they don’t like what they see they can opt out and return to full time, can’t ask for much more than that plus phased retirement will increase your annuity when you do decide to pull the plug. […]
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| Comments (0)Posted on Thursday, 30th May 2013 by Dennis Damp
Retirees and employees alike often need extra income to just get by, pay off debt, or to save for special occasions or a rainy day. There are many part time job offers that you must be cautious of such as advertisements that offer unrealistic wages and annual incomes with little work involved. Real opportunities take […]
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| Comments (0)Posted on Saturday, 5th January 2013 by Dennis Damp
There is considerable confusion on what federal employees and retirees can do to convert all or a part of their TSP funds to a TSP ROTH. There are limitations and unfortunately you can’t convert any of your current TSP funds to a ROTH within the TSP program. There are only 2 ways to get ROTH […]
Tags: FERS Retirement, Retirement Planning, ROTH TSP, THRIFT Plan
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Posted on Friday, 7th December 2012 by Dennis Damp
Updated 7/25/2021 Yes, there are ways to retire with more than you can imagine! There are many parts to this puzzle that YOU have control over and those who take responsible actions now will be handsomely rewarded when they decide to retire. Having more in retirement doesn’t necessarily mean having a larger annuity, although that […]
Tags: Career Planning, FERS Retirement, Retiree Jobs, Retirement Income, Retirement Planning
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Posted on Wednesday, 14th November 2012 by Dennis Damp
It’s that time of year again and we all know that our health care premiums, in most cases, will be going up. The (FEHB) Program premiums will increase by 3.4 percent in 2013, which is lower than last year’s increase of 3.8 percent. The average premium increase for the Federal Employees Dental and Vision Insurance […]
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