fbpx

A 30-second Check Could Change Your Retirement Plan

Posted on Monday, 20th October 2025 by Dennis Damp

Share

Taking this 30-second check will help you navigate the often-complex federal retirement system. PARCO’s easy-to-use, free platform enables all Federal Employees (FERS, CSRS, Special FERS, and FSPS) to view their benefits and optimize their federal retirement. PARCO’s Free Platform is used by thousands of FERS and CSRS employees across the country and around the world.   […]

Tags: , , , , , , , ,
Posted in

| Comments (0)

Inflation Concerns and High Prices Persist – What’s Next

Posted on Friday, 10th October 2025 by Dennis Damp

Share

Last year, I posted an article titled “Too Much Too Soon & Cable TV Subscription Costs,” in which I discussed automation and the high cost of cable TV subscription services. Ramifications of the Federal Shutdown – The Reality The house we visited a year ago finally sold last month, at 25% below its original asking […]

Tags: , ,
Posted in

| Comments (0)

Roth Conversion Article Update and Income Tax Impact

Posted on Thursday, 25th September 2025 by Dennis Damp

Share

My article, titled “TSP Traditional to ROTH IRA Conversions Coming Soon,” has one area that needs further clarification and one typo under the “Benefits and Timing” heading. Additionally, I had intended to address the income tax impact in a separate article; it is included here for convenience. I illustrated how much a couple with total […]

Tags: , , , , ,
Posted in

| Comments (0)

TSP Traditional to ROTH IRA Conversions Coming Soon

Posted on Friday, 19th September 2025 by Dennis Damp

Share

Starting in January 2026, you can perform TSP Roth in-plan conversions to move money from your traditional TSP to a Roth TSP, paying taxes on the converted amount that year. Alternatively, you can transfer your traditional TSP funds to a Roth IRA, which is a taxable event. For Roth in-plan conversions, you must use personal […]

Tags: , , , , , ,
Posted in

| Comments (0)

TSP Required Minimum Distributions, Annuities, and Transfers

Posted on Friday, 5th September 2025 by Dennis Damp

Share

Gail recently asked, “If I use my Thrift Savings Plan (TSP) Required Minimum Distribution (RMD) to purchase an annuity, can I avoid paying taxes on that RMD?” Using your Thrift Savings Plan (TSP) Required Minimum Distribution (RMD) to purchase an annuity doesn’t eliminate the taxes due on the withdrawn funds. RMDs are Taxable as Ordinary […]

Tags: , , , , , , ,
Posted in

| Comments (0)

I Never Thought to Ask! How About You?

Posted on Thursday, 21st August 2025 by Dennis Damp

Share

Thanks to a kind and skilled pharmacy technician, my prescription costs for Asmanex decreased from $135 a month to $39! This is a welcome reprieve from one of the medications I take. Asmanex is the only asthma inhaler I can use without significant side effects. GEHA didn’t cover it in the past, and I purchased […]

Tags: , , ,
Posted in

| Comments (2)

Will Retirement Work For YOU? It Depends!

Posted on Thursday, 14th August 2025 by Dennis Damp

Share

I retired in 2005 at age 55, almost 21 years ago! I wouldn’t have retired if I didn’t have 35+ years of service at the time and an avocation, my business to fall back on after leaving government service. My federal employees’ retirement planning site helps me connect with thousands of retirees who are genuinely […]

Tags: , , , , , , , , , ,
Posted in

| Comments (0)

2026 Federal Employees’ Leave Record Now Available

Posted on Thursday, 7th August 2025 by Dennis Damp

Share

Each year, we publish a comprehensive leave record that federal employees can use to track their annual and sick leave, comp, and credit hours used. Our updated 2026 Excel Leave Chart is designed for active federal employees who are planning their retirement and need to establish realistic target retirement dates. This spreadsheet also helps federal […]

Tags: , , , ,
Posted in

| Comments (0)

Terms Of Use