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Annuity Statements, Open Season Comments, & Closing Thoughts

Posted on Tuesday, 15th December 2015 by Dennis Damp

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I receive email messages from retirees and survivors each year that can’t find their CSA claim number and are uncertain as to what benefits they elected when they retired. At least once a year we receive a Notice of Annuity Adjustment, shortly after the new year starts, that provides abundant information for annuitants and their […]

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Social Security Changes, Retiree Job Options, & Updates

Posted on Sunday, 29th November 2015 by Dennis Damp

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On November 2, 2015 the President signed HR-1314, the “Bipartisan Budget Act of 2015.” This law eliminated the file and suspend option for most Social Security applicants and changed the restricted application rules. These filing strategies allowed couples to increase their lifetime total payout. If you are now at full retirement age and planning to file and suspend you have […]

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FEHB Open Season Plan Change Issues & Updates

Posted on Wednesday, 18th November 2015 by Dennis Damp

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I received a number of messages from active federal employees that were not able to get into Employee Express to make FEHB plan changes. Retirees using OPM’s FEHB Open Season Online are getting through and able to request hard copies of brochures and make plan changes. Employee Express is managed by OPM and employees are […]

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FEHB Self Plus One – A Major Disappointment

Posted on Thursday, 1st October 2015 by Dennis Damp

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OPM announced that the 2016 FEHB premiums will increase an average of 6.4 percent. Enrollees, on average, will pay $5.50 more each pay period for Self Only coverage and those with Self and Family coverage will pay $19.61 more per pay period. OPM also states in their latest press release that, “for over 95% of […]

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Retirement Benefits Update

Posted on Thursday, 24th September 2015 by Dennis Damp

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Retirement Benefits Update OPM recently added new helpful features to their Retirement Information and Services web site. The site continues to add new features to help annuitants and survivors with benefit and retirement issues. The latest additions provide registered users the ability to view and print 1099-R Tax Forms and a Year-to-Date Summary of Annuity […]

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TSP – Safeguarding Your Heirs Inheritance – Inherited IRAs (Part 2)

Posted on Saturday, 5th September 2015 by Dennis Damp

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In TSP – Ways to Safeguard Your TSP, part 1 of this series, I discussed a significant reason why a spouse that inherits a TSP account would want to transfer their TSP account to an IRA.  According to the TSP, “If a TSP beneficiary participant (Annuitant’s spouse) dies, the new beneficiary(ies) cannot continue to maintain […]

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TSP – Ways to Safeguard Your Heirs Inheritance

Posted on Saturday, 4th July 2015 by Dennis Damp

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Updated 6/22/2023 When a spouse is designated the beneficiary of a Thrift Savings Plan (TSP) account, the TSP establishes a beneficiary participant account in the spouse’s name. The money in the beneficiary participant account stays invested as it was in the deceased participant’s account except for any money the participant had invested in the mutual […]

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Smart Retirement Decisions, FEHB Discussion, & Updates

Posted on Thursday, 11th June 2015 by Dennis Damp

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Please share this article with your friends and associates. Any mention of our articles and www.fedretire.net on your Facebook, Twitter, and social media accounts would be appreciated. Wow, going on eleven years retired and I’m still learning valuable life lessons! There are so many times in my life when I reflect back on certain events and realize the […]

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