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Retirement Questions Answered plus Clarifications

Posted on Monday, 2nd August 2010 by Dennis Damp

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We receive many questions each month from retirees and federal employees and many are focused on the following subject areas. I suggest copying this article and keep it with your important papers so you and your family will have the answers needed when faced with these issues. Retirement Income Verification If a mortgage company or […]

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Changes, More Military Credits, & Retiree Jobs

Posted on Monday, 28th June 2010 by Dennis Damp

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Changes to the Savings Bond Program OPM recently sent retirees a letter announcing the phasing out of paper savings bonds through traditional savings plans. If you have savings bonds withheld, they will be stopped automatically in October, the last month you will receive a bond. You can continue to purchase savings bonds through the Treasury […]

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Travel Tips, Winding Down, & TSP Statements

Posted on Friday, 26th February 2010 by Dennis Damp

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On our latest trip south this winter we discovered some really neat travel aids that helped make the journey enjoyable and safe.  Traveling in the winter months is always a concern and this year we used the web site http://www.trippish.comto determine the best day to leave based on the weather forecasts along the route. This […]

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The Best Day to Retire

Posted on Monday, 15th February 2010 by Linda Sherman

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“Retirement is wonderful if you have two essentials — much to live on and much to live for.” – Author Unknown To determine how much you will have to live on estimate your gross annuity and complete our retirement costs spreadsheet. After determining that you have the resources to retire comfortably, the following discussion will […]

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TSP to ROTH – Is a ROTH in YOUR Future?

Posted on Saturday, 16th January 2010 by Linda Sherman

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What’s all the hoopla about the Roth retirement accounts?  Traditional and Roth retirement accounts have been around for years, but recent changes in IRS tax laws, and the TSP-Roth option available in 2011 have created renewed interest in Roth investment opportunities.  With these new opportunities, it is important to evaluate which option is best for […]

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A Life Insurance Check-up: Evaluating Your Insurance Needs – Part 2

Posted on Saturday, 9th January 2010 by Linda Sherman

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This article, updated 2/17/2023, will help you evaluate your total insurance needs and costs. Inevitably during a new employee orientation, someone would ask, “How much life insurance do I need?”  And another classmate would shout back, “As much as you can get.” Or, “Five to ten times your income.”  As an HR Specialist, I could […]

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A Life Insurance Check-Up: Understanding FEGLI Coverage – Part 1

Posted on Wednesday, 16th December 2009 by Linda Sherman

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Life insurance is often the last thing a federal employee thinks about when deciding to retire. After all, you are looking for a great escape not your last hoorah. Yet, making uninformed FEGLI decisions prior to retiring can make it very difficult for your loved ones. What you should know about your Federal Employees Group […]

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The Advantages of Making A Military Deposit

Posted on Sunday, 15th November 2009 by Linda Sherman

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(Reviewed and Updated 2/17/2023) If you are a current federal employee with prior military service, you should consider making a deposit for your military service.  There are two reasons why making a military deposit may be beneficial: You could retire sooner, or Your can increase your retirement annuity. By making this deposit, your years of […]

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