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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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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