Posted on Friday, 13th February 2015 by Dennis Damp
(Updated 2/26/2023) Many are uncomfortable with investing and managing money in general. The Federal Reserve intentionally kept interest rates artificially near ZERO for many years and now that interest rates and inflation are soaring in 2023, do we ladder CDs, buy short term Treasuries and corporate bonds, and/or invest in the market with its inherent […]
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| Comments (0)Posted on Friday, 23rd January 2015 by Dennis Damp
Updated 2/22/2024 Please forward this article to everyone in your organization that is planning on retiring over the next five years and tag it for your Facebook and other social media pages. Once you retire you lose access to many online agency and government web sites that hold valuable information that you may need after […]
Tags: eOPF Guidance, Federal Employees, Federal Employees Retirement Planning, Retirement Planning
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Posted on Monday, 5th January 2015 by Dennis Damp
The article we published on Survivor’s Benefits stated that “Upon your death, the funds in your TSP account cannot remain in the TSP. Your account will have to be distributed to the beneficiary(ies) you indicate on Form TSP-3, Designation of Beneficiary.” This information is correct for non-spouse beneficiaries. When a spouse is determined to be […]
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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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