Posted on Friday, 9th September 2011 by Dennis Damp
There has been some confusion around the “Best Date to Retire” and Gary, who is planning on retiring on December 31, 2011, asked for clarification on this issue. He has over 240 hours of annual leave to cash in and was concerned about the “Date of Final Separation” that you enter on your retirement forms […]
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| Comments (0)Posted on Tuesday, 26th July 2011 by Dennis Damp
Updated 2/10/2024 When I attained 25 years of service at age 44, I felt a great sense of relief. I knew that with 25 years of creditable service I would at least be eligible for an early retirement, and I could apply for a VERA and VSIP if offered. The FAA received VERA authority in […]
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Posted on Thursday, 7th July 2011 by Dennis Damp
How to Avoid a Retirement Nightmare We continue to receive reports of significant OPM retirement paperwork processing delays and insufficient partial interim pension payments. A site visitor sent a frantic message to us last week asking for assistance after receiving notice from OPM that he will receive an interim payment of 30% of his full […]
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Posted on Wednesday, 6th July 2011 by Ann Ozuna
Whether you are the “fed” or the “former spouse”, if you have retirement, insurance benefits or TSP benefits which were divided or assigned in the divorce decree, your work is not done when the ink dries at the courthouse. First of all, you will need fuzzy seal “conformed” copies of your decree and any augmenting […]
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Posted on Monday, 20th June 2011 by Dennis Damp
TSP Conversions and Taxes The key to what taxes, if any, are due is in the type of IRA that you wish to convert to. When you rollover any investment account that hasn’t yet been taxed (TSP, traditional IRA, 401k) to an after-tax investment account, such as a Roth IRA, taxes must be paid to […]
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Posted on Thursday, 26th May 2011 by Dennis Damp
Six years and Counting I’ve been retired 6 ½ years now and just turned 62… I’m eligible for SOCIAL SECURITY!!! I attended my nephew’s graduation party last week and for the first time understand how my aunts and uncles felt during similar events back in the 60s, 70s and 80s. Now Mary and I are […]
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Posted on Tuesday, 3rd May 2011 by Dennis Damp
We haven’t received COLAs because gas, utilities, food, health care premiums, tuition, and airfares haven’t increased for two years now; RIGHT? Are you paying less for much of anything these days! The inflation rate would equal 10% or higher if the Consumer Price Index (CPI) included food and fuel increases like it did in the […]
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Posted on Friday, 29th April 2011 by Ann Ozuna
On the Divorce Issues and Retirement Impact section we discussed in general how your federal benefits are property up for division in divorce. Here are some of the specifics: OPM must have all the information it needs in your decree or order to divide your retirement. Therefore you must specify “gross annuity”, “net annuity,” or […]
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