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Notice of Annuity Adjustment and 1099 R Tax Forms

Posted on Saturday, 11th January 2020 by Dennis Damp

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In late December of each year federal retirees receive a Notice of Annuity Adjustment that provides abundant information for annuitants and their survivors. Any time your annuity payment is modified, for whatever reasons, OPM sends out a new notice outlining the change and the impact on your annuity. If a COLA is pending, health care […]

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3.1% GS 2020 Pay Raise – Pay Charts Now Available

Posted on Monday, 30th December 2019 by Dennis Damp

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Those planning to retire soon will benefit from the pay raise in a number of ways. Primarily, your annual leave buy back will be at the new pay rate starting the first pay period of 2020. If you plan on staying another year or longer the raise will increase your high three average earnings that […]

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BCBS Basic to GEHA Standard Comparison + Medicare & You

Posted on Friday, 29th November 2019 by Dennis Damp

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Prior to Medicare eligibility, when you are under age 65, many elect high option plans to reduce their exposure to deductibles, coinsurance, and copayments. However, when you turn 65 and enroll in the traditional Medicare A & B options, it often makes sense to switch to a lower cost plan. Most Federal Employee Health Benefit […]

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The Ultimate Retirement Planning Guide – Start Now!

Posted on Friday, 15th November 2019 by Dennis Damp

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Updated 8-10-2025 Retirement is more of a destination, unlike a planned vacation, where you return to work a few days after the trip is over.  Whether you are going on vacation or planning your retirement you have to research and prepare to make the event truly remarkable. Carole, one of our newsletter subscribers, asked if […]

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2020 FEHB Plan Selection Guide

Posted on Wednesday, 30th October 2019 by Dennis Damp

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The Federal Employees Health Benefits (FEHB) Open Season for selecting our 2020 healthcare plans runs from November 11th through December 9th this year. There are tools available to evaluate provider options, select your 2020 plan, and submit changes to OPM. Use the following resources to make an informed decision for you and your family’s health care […]

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Open Season Precautions – Fraud Alert

Posted on Thursday, 24th October 2019 by Dennis Damp

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Many of us don’t necessarily think twice about security surrounding our health care; instead, we want care to be easy and affordable. Recently, new fraud and scam warnings have surfaced surrounding the Medicare program, particularly during open season, which began on October 15. Those ‘scammers’ are seeking critical insurance data and financial information along with […]

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2020 COLA and Annuity Projection Calculator Update

Posted on Saturday, 12th October 2019 by Dennis Damp

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I reported in mid-September that our 2020 COLA was projected to be 1.6% according to Kiplinger’s. They were spot on. The Social Security Administration announced a 1.6% COLA increase on October 10th for 2020. CSRS and FERS annuitants will all receive the full 1.6% this year.   Request a  Federal Retirement Report  today to review your projected […]

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2020 COLA and the 2019 Health Care Open Season

Posted on Sunday, 15th September 2019 by Dennis Damp

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We can look forward to a COLA increase for 2020 of between 1.6% to 1.8%, a significant decrease from last year’s 2.8%. The Social Security Administration estimated a 1.8% increase and the July issue of Kiplinger magazine suggested it may be lower at 1.6% based on their projections. The Social Security Act specifies a formula […]

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