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Is This Coming Your Way? and the National Debt Crisis

Posted on Saturday, 17th March 2012 by Dennis Damp

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Starting in 2013 newly hired FERS employee’s retirement contributions will increase from .8 percent to 3.1 percent of salary. Originally this was intended to apply to all FERS employees. There is another vote pending in the house that proposes increasing all employees’ contributions by 1.5 percent that will be phased in over a three year […]

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TSP Basics

Posted on Sunday, 11th March 2012 by Paul Risser

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Over the years I’ve talked to many federal employees about their Thrift Savings Plan (TSP). Unfortunately most don’t have an understanding of what their options are at retirement. First, let’s discuss your current TSP allocation. Does your current allocation still meet your needs and goals? What I have found is most folks seldom reallocate investment […]

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Roth TSP Contributions…Are They Right For You?

Posted on Friday, 2nd March 2012 by Dennis Damp

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This May the Thrift Savings Plan is launching a new investment option that provides more flexibility for TSP participants. Federal employees and military members will be able to allocate their contributions between a Roth and the traditional plan shortly. The flexibility is in the tax treatment of the employee’s contributions and it may be beneficial […]

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Social Security – When Should I Apply and Replacing a Lost Card

Posted on Monday, 20th February 2012 by Dennis Damp

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There is much to consider before applying for Social Security. I’ll be 63 in May and my wife turns 62 this year. Do you need your Social Security card to apply? Many misplace their card and it isn’t uncommon to lose a card that you’ve had around the house for 40 years or more. You […]

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Pension Survivor Alert – Don’t Let This Happen to You

Posted on Thursday, 9th February 2012 by Paul Risser

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A few months ago, while meeting with a federal employee couple, I came across a story that I think is worth repeating. I’ve changed the names and some of the details, but the overall theme of the story is true. Mr. Jones was a good man and longtime CSRS government employee with many years of […]

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GETTING OFF ON THE RIGHT FOOT IN 2012

Posted on Thursday, 26th January 2012 by Paul Risser

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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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2012 Changes, Temporary Service Credits, & Updates

Posted on Friday, 20th January 2012 by Dennis Damp

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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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What Beneficiaries Need to Know and what do You do When an Account Owner Passes Away

Posted on Friday, 13th January 2012 by Paul Risser

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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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