Posted on Friday, 12th December 2014 by Herbert Casey
If you have a spouse or other loved ones that are dependent on you, you should make sure that they are provided for upon your death. More importantly, you must make sure that the information is made available to them. During this period, it’s very difficult for people to focus, so the more you can […]
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Posted on Friday, 24th October 2014 by David Scholl
Over two years ago, this site addressed the confusion many retirees share over understanding how the Federal Deposit Insurance Corporation (FDIC) insurance limitations apply to the various types of accounts they may have in one financial institution. Despite a dramatic drop in the number of failures, the number of banks on the FDIC’s problem bank […]
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Posted on Friday, 3rd October 2014 by Herbert Casey
So, what do you do with the funds in your Thrift Savings Plan (TSP) when you leave federal government service? You have two options. You can take a partial withdrawal which allows you to make a one-time-only withdrawal and leave the rest of your money in the TSP until a later date. You can also […]
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| Comments (0)Posted on Friday, 22nd August 2014 by Dennis Damp
If you know of someone approaching age 65 or younger and signing up for Medicare send them a link to this article. It provides the information that federal employees and retirees need to consider before they sign up. If you are already collecting Social Security benefits you will be automatically signed up for Medicare three […]
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Posted on Friday, 20th June 2014 by Dennis Damp
My last column discussed Basic FEGLI coverage and how to evaluate your insurance needs. This article will discuss options A, B, and C and part 3 of this series will discuss changes you may wish to make with certain life events. If you are approaching retirement print these articles to help you decide on options when […]
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| Comments (0)Posted on Friday, 9th May 2014 by Dennis Damp
Turning 65 often proves to be a pivotal year for retirees. I’ll be 65 next month and discovered many tasks await us at this juncture in our lives. There are many things to consider and first and foremost I’m grateful that I made it to this milestone; many don’t, including my parents and grandparents on […]
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Posted on Friday, 25th April 2014 by Dennis Damp
Updated 2/20/2024 My Aunt Pauline and Uncle Jack preplanned their final arrangements in their early 50s. Uncle Jack had several major heart attacks in his mid 40s and thought for sure he would be the first one to go. He lived to 81 and my aunt passed away a year before he died. They purchased […]
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Posted on Wednesday, 9th April 2014 by Dennis Damp
Updated 2/20/2024 The first part of this series discusses how to ensure your heirs receive what you intended and Social Security’s death and survivor benefits. Part 2 will discuss pre-planning steps that will assist the surviving spouse and children navigate the many challenges that arise when a loved one dies. The subject matter may seem […]
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