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TSP Investor Alert and the Equifax Data Breach

Posted on Monday, 18th September 2017 by Dennis Damp

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The SEC’s Office of Investor Education and Advocacy (OIEA) and Broker-Dealer Task Force issued an investor alert this summer warning the more than 5 million Thrift Savings Plan (TSP) participants, and investors in other federal government employee retirement plans, that investment scam artists may pretend to be affiliated with a government agency. Legitimate companies will […]

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FEHB Open Season Prep + Qualifying Life Events

Posted on Sunday, 3rd September 2017 by Dennis Damp

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The Federal Employees Health Benefits (FEHB) Open season runs from November 13 through December 11 of this year. The 2018 provider brochures should be uploaded soon and when they are released we will present a summary of the 2018 FEHB open season changes and premium increases. Hopefully, the premiums won’t skyrocket like they have and […]

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Veterans… Sign Up NOW to Shop at Military Exchanges!

Posted on Friday, 11th August 2017 by Dennis Damp

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Less than half of our newsletter subscribers are veterans. If this article isn’t of interest to you personally please forward to a veteran that you know or to a family member that served. Starting November 11, 2017, Veterans Day, all honorably discharged veterans will be able to shop online at all military exchanges. I’ve already […]

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2018 COLA, FEHB Suspension, and Jobs Updates

Posted on Wednesday, 19th July 2017 by Dennis Damp

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The 2018 COLA increase is projected to be approximately 2.1%.  The Senior Citizen’s League’s June 2017 report, “Based on consumer price index (CPI) data through April of 2017, TSCL estimates that the COLA for 2018 may be 2.1 percent — significantly higher than in recent years, which has averaged only 1% since 2012. This estimate […]

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CAUTION – Don’t Lose Your FEHB Coverage

Posted on Saturday, 15th July 2017 by Dennis Damp

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Kathleen, one of our retirement planning newsletter subscribers wasn’t able to suspend her FEHB coverage after signing up for a Medicare Supplement Plan earlier this year. There are specific requirements for suspending FEHB coverage. Basically, you can only suspend your FEHB coverage if you sign up for a Medicare Advantage Plan (Part C), TRICARE, TRICARE […]

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Early Retirement Incentives – VERAs May be on the Way

Posted on Tuesday, 30th May 2017 by Dennis Damp

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Many agencies are now either considering or have already applied to OPM for approval to offer Voluntary Early Retirements (VERAs) and possibly Voluntary Separation Incentive Payments (VSIPs) as well. Now is the time to assess whether or not a VERA, if offered, would be the right thing for you to do based on your circumstances […]

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Preparing For Life & Retirement

Posted on Sunday, 14th May 2017 by Dennis Damp

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I’ve been working to place my wife’s and my life on auto pilot as much as possible. Each year I up my game and work to either consolidate, eliminate, or simplify another process, program, or function that will free up our time, space, and just make life less hectic and worrisome. We are preparing, while […]

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Finally, Good News for Retirees and Savers

Posted on Monday, 13th March 2017 by Dennis Damp

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According to Kiplinger’s, core inflation will increase in 2017 above last year’s rate. Higher inflation generally results in higher Cost of Living Adjustments (COLAs) the following year. The Federal Reserve is expected to raise interest rates soon and several more increases are anticipated this year. This alone will provide relief to all savers including retirees […]

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