Posted on Thursday, 26th January 2012 by Paul Risser
A look at some financial changes & the opportunities they may present. Presented by Paul H. Risser Every year brings some financial change, so here are some relevant changes relating to investment, tax and estate planning for 2012. Retirement plans. 401(k), 403(b), and TSP annual contribution limits rise slightly to $17,000, and you can contribute […]
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| Comments (0)Posted on Friday, 20th January 2012 by Dennis Damp
We received a question from a federal employee concerning credit for temporary service. Linda was hired as a temporary employee in 1985 and two years later she was hired full time. Last April she bought back her two years of temporary service and her SCD has not changed on her Employee Express Benefits Statement. She […]
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Posted on Friday, 13th January 2012 by Paul Risser
If your loved ones have invested, saved or insured themselves to any degree, you may be named as a beneficiary to one or more of their accounts, policies or assets in the event of their deaths. While we all hope “that day” never comes, we do need to know what to do financially if and […]
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| Comments (0)Posted on Friday, 6th January 2012 by Dennis Damp
Recently OPM clarified a number of issues around interim annuity payments and what retirees can expect when they first leave federal service. It is essential that federal employees have sufficient cash available and are financially prepared when retiring to allow OPM to complete a final adjudication of their claim. OPM is now processing applicants in […]
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Posted on Sunday, 11th December 2011 by Paul Risser
Financial Planning is simply taking a snapshot of where you are financially today and calculating what you will have and need in retirement down the road. Federal employees have some unique planning issues that Non-Federal employees usually don’t face such as: Should I buy back prior service time? What will be my approximate monthly annuity […]
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| Comments (0)Posted on Thursday, 1st December 2011 by Dennis Damp
I received an email from Treasury Direct last month informing participants about security upgrades at their site. After you register under the new system you no longer need an access card to log into your account. It went on to say that you will receive an e-mail containing a one-time pass code and the opportunity […]
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Posted on Monday, 7th November 2011 by Dennis Damp
A site visitor has a $50,000 CD maturing and wanted to know what she could do to increase earnings with little risk of losing the money that she worked a lifetime to acquire. Her bank is offering a meager .9% CD yield. I am not a financial advisor and I can only relate what I […]
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| Comments (0)Posted on Tuesday, 18th October 2011 by Dennis Damp
FERS retirees with Post 1/1/57 military service will not receive credit or annuity computation for their military time without making a deposit. If a deposit is made, the employee will receive credit towards his/her annuity computation. Under CSRS rules, if you served on active duty and will be eligible at age 62 to collect Social […]
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