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2025 COLA Estimates & Retirement Processing Update

Posted on Friday, 28th June 2024 by Dennis Damp

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Last year’s 3.2% COLA for Social Security and the Civil Service Retirement System (CSRS), and 2.4% for Federal Employees Retirement System (FERS) dropped considerably from the 2023 COLA of 8.7% CSRS and 7.7% FERS. The highest in over 40 years. Costs continue to increase for most essentials. The costs of all items have increased around […]

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Down But Not Out – Imagine if This Was You!

Posted on Friday, 12th April 2024 by Dennis Damp

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Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter Our national debt was $15.5 trillion in 2012 when I first addressed this issue, today it has more than doubled and exceeds $34 trillion! Federal budget deficits will continue this year, according to CNBC, […]

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Retirement Progression – One Day at a Time to Infinity

Posted on Friday, 15th March 2024 by Dennis Damp

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I felt liberated from the day-to-day work schedule of the past 40 plus years when I first retired, and I see this excitement in new retirees that I encounter.  Most, with some reservations, feel such a sense of elation when they walk out the door for the last time and realize their new life begins […]

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Fixed Income Investment Update – Bonds & More

Posted on Friday, 8th March 2024 by Dennis Damp

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Much to my surprise, most banks and credit unions continue to offer paltry yields on their savings and money market accounts. It’s disappointing considering they are using our money to fund customer’s mortgages at 7 percent and higher or new car loans up to the high single digits. Fixed income continues to hold its allure […]

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Updated Guidance, Clarifications, & Observations

Posted on Friday, 23rd February 2024 by Dennis Damp

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I’ve written hundreds of articles for our newsletters and blogs and updated our Federal Employee’s Retirement Planning Guide frequently over the past 20 years. Even though we update our sites as needed, our blogs, newsletters, and at times our websites are time sensitive. Due to federal regulations, benefits, and financial planning guidance changes, over time, […]

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Estate Planning Guide Revisited – Setting up Your Plan

Posted on Friday, 9th February 2024 by Dennis Damp

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Shanaz, one of newsletter subscribers, wrote, “I have been trying to read the ‘Estate Planning Guide’ from the link you have provided in your newsletter. Is it possible for you to email the document so I can read it without distraction from all the ads.” The guide is only available online and I removed the […]

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Tax Forms Availability and Annuity Statements

Posted on Friday, 26th January 2024 by Dennis Damp

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The Social Security Administration was the first to send out forms again this year.  Our 1099 R Tax Forms typically aren’t available until the end of January to early February by regular mail. Registered users of OPM’s Retirement Services Website can download their Annuity Statement and 1099 R forms now. 1099 Forms I received my […]

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TSP RMDs & Withdrawals Plus Site Navigation Tips

Posted on Friday, 19th January 2024 by Dennis Damp

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I was required to take my first RMD at age 70 ½ several years ago before the laws were changed. Under the SECURE 2.0 Act in 2023 the required withdrawal age increased to 73. Several newsletter subscribers asked for an update on TSP annuities, RMDs, and withdrawals in general. Rachel stated, “While the new TSP […]

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