Posted on Thursday, 2nd January 2014 by Dennis Damp
(Article updated 1/12/2021 with updated Medicare Part B Premiums) My last article titled Medicare and FEHB Options – What Will You Do When You Turn 65?, part 1 of this 3 part series, introduced Medicare Part A and general information you need to know to apply. This article will help you understand Part B and […]
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| Comments (0)Posted on Wednesday, 27th November 2013 by Dennis Damp
OPM recently added a new feature to their Retiree Service Online site at https://www.servicesonline.opm.gov/. You can now download and print out a current copy of your FEGLI Verification of Life Insurance (VOLI) Coverage. You can also print out duplicate 1099s for 2013 on this site when they are released. Previously you had to request a […]
Tags: Beneficiary Designations, CSRS, estate planning, Federal Retirement, FEGLI, FERS, TSP beneficiaries
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Posted on Monday, 18th November 2013 by Dennis Damp
Another year is almost over! The older I get the faster the days go by and at an alarming rate. Christmas is around the corner and It seems like I just completed our 2012 taxes and sure enough I’m starting to compile information and purchasing Turbo Tax for 2013. Each year I register for OPM’s […]
Tags: FEHB, FEHB Open Season, FERS Retirement
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Posted on Thursday, 17th October 2013 by Dennis Damp
I would say that anyone who has to borrow to pay their mortgage is in trouble, wouldn’t you! Can you imagine having to borrow not only to pay the mortgage but to just make the interest payments on your credit cards and other debt? Fortunately the government shutdown is over and everyone should be back […]
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| Comments (0)Posted on Thursday, 1st August 2013 by Dennis Damp
Everyone planning their retirement needs to know how much they will have to live on in retirement and how much their spouse’s survivor benefit will be. Frank Cullen, a retired federal manager, friend, and former associate, sent me a comprehensive spreadsheet prior to my retirement that projected my annuity and survivor benefit for the next […]
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Posted on Saturday, 6th July 2013 by Dennis Damp
I’ve received many emails over the years from annuitants, spouses of deceased annuitants, and estate executors that weren’t aware of the annuitant’s coverage and/or beneficiaries. A number of annuitants forget what coverage they elected (if any) or who they designated as beneficiary. There are a number of things that you, your spouse, and estate executor […]
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Posted on Thursday, 30th May 2013 by Dennis Damp
Retirees and employees alike often need extra income to just get by, pay off debt, or to save for special occasions or a rainy day. There are many part time job offers that you must be cautious of such as advertisements that offer unrealistic wages and annual incomes with little work involved. Real opportunities take […]
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| Comments (0)Posted on Friday, 12th April 2013 by Dennis Damp
A site visitor to one of our forums stated that she was 66 and still working and was CSRS offset. A colleague suggested that she think about drawing social security now versus waiting until she retires. Once you reach age 66 you can earn unlimited amounts without reducing your Social Security benefit. She had been […]
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