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Request an Updated Retirement Benefits Booklet

Posted on Saturday, 2nd May 2020 by Dennis Damp

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A number of helpful updates were added to OPM’s online annuity services website recently at https://www.servicesonline.opm.gov. They changed the way your Claim Number works on the “Sign In” and “Forgot Password” pages. My Access Screen with Personal Data Removed This change provides assistance on Claim Number formatting during site entry. When you first enter the […]

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Checks Are on the Way – CARES Act Summary

Posted on Friday, 17th April 2020 by Dennis Damp

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The Coronavirus Aid, Relief, and Economic Security (CARES) Act is providing support for those most impacted by the pandemic. Congress passed the Act last month and one of the key provisions is providing for Economic Impact Payments to American households. Payment of up to $1,200 per adult for individuals whose income was less than $99,000 […]

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Avoid Retirement Processing Delays (Update)

Posted on Friday, 10th April 2020 by Dennis Damp

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UPDATED 9/1/2024 OPM, as of May 2024, has an inventory of just over 14,000 claims to process. They received 6,751 claims in May and processed 8,793. There is a backlog of 15,797 applications waiting to be processed as of jULY 2024. It is now taking an average of 60 days to process retirement applications. Of […]

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Hunkered Down for the Duration – A Retiree’s Perspective

Posted on Tuesday, 24th March 2020 by Dennis Damp

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Everyone young and old is dealing with this crisis as best they can. The majority reading this column are either retired or planning their retirement and of the older generation. The ones most susceptible to the Coronavirus.  Like the rest of the country that isn’t providing essential services, my wife and I are at home […]

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The Investment Dilemma – Walk, Don’t Run to the Exit

Posted on Monday, 16th March 2020 by Dennis Damp

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I’ve written many articles over the years, during good and bad times, focusing on preservation of capital for retirees and those close to retirement. A common sense approach to investing that protects the assets you accumulated during your career. Request Your Personalized Federal Retirement Report™ Today The recent stock market crash, due to the Coronavirus […]

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SECURE ACT UPDATE – RMDs at Age 72

Posted on Thursday, 5th March 2020 by Dennis Damp

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The new Setting Every Community Up for Retirement Enhancement, the SECURE Act, was signed into law last December.  There are significant changes to how our retirement savings are accessed and taxed. We all need to be prepared for this new reality and take the necessary steps to comply with the rule changes. Request a Federal Retirement […]

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Interim Retirement Checks & Retirement Application Processing Delays

Posted on Friday, 24th January 2020 by Dennis Damp

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New retirees are subject to interim annuity payments and many don’t know what to expect when they first leave federal service. Federal employees must have sufficient cash available and be financially prepared when retiring to allow OPM to complete a final adjudication of their claim. Request a Federal Retirement Report™ today to review your projected annuity payments, income […]

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1099R Tax Forms Available NOW!

Posted on Wednesday, 22nd January 2020 by Dennis Damp

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Our 1099R Tax Forms typically aren’t available until the end of January by regular mail. Registered users of OPM’s Retirement Services Website can download their 1099R now. I visited the site on January 22, 2020 and download my copy early to use with my 2019 tax return.  Last year the 1099Rs were available for download […]

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