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Ditch your Bank’s Low Savings Rates / T-Bills Rising

Posted on Friday, 25th March 2022 by Dennis Damp

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Investment Rates Updated 5/22/2022 Currently, even after the recent Federal Reserve’s interest rate hike, my bank reduced their savings rate from .05% to .04%!  Makes no sense except for the banks, they loan our money out at much higher rates and we fund their huge profits. Bank CEOs brag about their astronomical client deposits and […]

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Skyrocketing Inflation – Are You Prepared?

Posted on Friday, 4th March 2022 by Dennis Damp

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Everyone must prepare to maintain their standard of living in retirement.  Retirees from all sectors and those still working feel the wrath of this unrelenting force that constantly impacts our day to day lives. The progression of this financial endemic (inflation) is always upon us. At times, and when the economy is on a sound […]

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TSP Changes – The Mutual Fund Window & RMD Update

Posted on Thursday, 3rd February 2022 by Dennis Damp

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Good news for those wanting more investment options. The TSP plans to add a mutual fund window as early as this summer. A welcomed addition from my perspective. The proposed rule was posted on the Federal Register January 26, 2022. Comments must be received on or before March 28, 2022.   Congress passed legislation in […]

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I-Bonds Earning 7.12%! A Great Way to Save

Posted on Friday, 3rd December 2021 by Dennis Damp

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I’ve written a number of articles over the years on conservative investment strategies and often mentioned just how attractive I Savings Bonds are. A great overall investment; anyone purchasing I bonds between last November though next April will earn an astonishing 7.12% on their investment the first 6 months they own them. The rate changes […]

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(Correction) Aetna’s FEHB Medicare Advantage Plan

Posted on Saturday, 27th November 2021 by Dennis Damp

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“Yes, Virginia, there is a Santa Clause.” Prescription drug copays under Aetna’s Medicare Plans remain the same regardless of whether or not you enter the Part D prescription drug gap. This includes all three of their plans: Self Only (Z24), Self + 1 (Z26), Self and Family (Z25). I talked to a number of Aetna […]

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FEHB Medicare Advantage Plans (Proceed with Caution)

Posted on Saturday, 20th November 2021 by Dennis Damp

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Updated 11/23/2022 My recent article titled “GEHA Standard to BCBS Basic Plan Comparison – 2023” stated that Federal Employees Health Benefits (FEHB) Medicare Advantage (MA) plans could possibly save you even more. These plans were introduced as new options in the FEHB program over the past several years. Many federal employees and annuitants are curious […]

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Medicare Premiums Skyrocket

Posted on Friday, 19th November 2021 by Dennis Damp

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Transitory inflation is a myth that is unsustainable. Yes, the COLA this year was 5.9%; since it was announced, the Bureau of Labor Statistics reported prices climbed 6.2% year-over-year, the largest increase since November 1990. Everything we buy or the services we use with few exceptions are increasing at an alarming rate. Medicare premiums were […]

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Flexible Spending Accounts (FSA)

Posted on Thursday, 18th November 2021 by Shawn McCoy

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With the Federal Open Season this is a great time to review a benefit that is not widely used by Federal employees, the Federal Flexible Spending Account Program (FSAFEDS). The first question most Feder employees ask is “What is the Federal Flexible Spending Account Program (FSAFEDS)?” FSAFEDS allows federal employees to save money for health […]

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