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Retirement Updates, Retiree Job Options and Home Remodeling Tips

Posted on Thursday, 6th February 2014 by Dennis Damp

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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 […]

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Phased Retirement Update – Guidelines Released

Posted on Saturday, 8th June 2013 by Dennis Damp

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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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Earning Extra Income in Retirement and Having Fun at the Same Time

Posted on Thursday, 30th May 2013 by Dennis Damp

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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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TSP ROTH Conversions, Benefits, & Limitations

Posted on Saturday, 5th January 2013 by Dennis Damp

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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 […]

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Strategies for Increasing Your Retirement Annuity and Income

Posted on Friday, 7th December 2012 by Dennis Damp

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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 […]

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Open Season Tips, Direct Deposit Changes, & Retiree Job Opportunities

Posted on Wednesday, 14th November 2012 by Dennis Damp

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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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What Will You Do in Retirement?

Posted on Saturday, 15th September 2012 by Dennis Damp

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Updated 12/15/2024 Most fantasize about retirement while working. I recall telling my wife when I was in my mid 20s that I wanted to stay with federal service because I could retire at age 55, which I did by the way. However, we live in the real world and retirement is a HUGE decision that […]

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1099-R Replacements and Updates

Posted on Friday, 3rd February 2012 by Dennis Damp

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For those of you not yet retired this is good to know information. A 1099-R is what retirees receive from OPM for filing your taxes.  It lists your gross and taxable annuity amounts, federal and state tax withholding, healthcare premiums, and other relevant information.  If you are retired and haven’t received your 1099-R yet you […]

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