ESTATE PLANNING | Federal Employee's Retirement Planning Guide

Death Benefit Delays – Don’t Let This Happen to You (Part 2)

Posted on Friday, 2nd June 2023 by Dennis Damp

Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. The first part of this article discussed the delays survivors can expect before receiving their first annuity check, electing a survivor’s annuity, survivor’s annuity cost, reporting a death, and submitting the application for death […]

Tags: OPM Death Benefit Processing, Reporting a Death to OPM, Survivor Benefits, Survivor's Annuity
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Death Benefit Delays – Don’t Let This Happen to You (Part 1)

Posted on Friday, 19th May 2023 by Dennis Damp

Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. Few are prepared for the delays a spouse and heirs will experience after applying for an annuitant’s death benefits. I recently reviewed and updated our estate plans and contacted the Office of Personnel Management […]

Tags: Completing the Application for Death Benefits, Reporting a Death, Survivor Benefits, Survivor's Annuity
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Are Your Bank & Credit Union Accounts Safe and Insured?

Posted on Friday, 5th May 2023 by Dennis Damp

Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. Fixed income investments continue to provide a safe haven for our cash as long as we are Vigilant. With the failure of First Republic Bank last week, the third so far this year, all […]

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Hiring A Financial Advisor – Credentials and Fees (Part 2)

Posted on Friday, 28th April 2023 by Dennis Damp

Last week’s article titled “Hiring A Financial Planning – How & Why (Part 1)” covered the state of the economy, why it’s essential to manage our retirement savings prudently, and discussed the first steps for finding a creditable financial advisor. This segment outlines the level of support financial planners can provide, how to substantiate their […]

Tags: Financial Advisors, Financial PLanning
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Hiring A Financial Advisor – How and Why (Part 1)

Posted on Friday, 21st April 2023 by Dennis Damp

Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. The Federal Reserve intentionally kept interest rates artificially near ZERO for many years. Now that interest rates and inflation are soaring in 2023, do we ladder CDs, buy short term Treasuries and corporate bonds, and/or […]

Tags: CFPs, Financial Advisors, TSP Considerations, Wealth Management
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2024 COLA Update and New Beneficiary Designation Form

Posted on Saturday, 15th April 2023 by Dennis Damp

Last year’s 8.7% COLA increase was the highest in over 40 years. Civil Service Retirement System (CSRS) annuitants received the full 8.7% while Federal Employees Retirement System (FERS) annuitants received 7.7%. Next year’s COLA may be disappointingly low even when it seems our costs for just about everything continue to skyrocket. I just returned from […]

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I and EE Savings Bonds – Safe, Simple, and Affordable

Posted on Friday, 10th March 2023 by Dennis Damp

Savings bonds received a boost in popularity last year due to their inflation indexed I-Bond’s exceptional interest rates, currently 6.89%. Far exceeding what most investments are paying today. Their previous six-month yield was 9.62%! A former associate reviewed savings bond interest rates for his payroll deduction purchases from 2001 to 2007. His 2001 bonds are […]

Tags: EE Bonds, I Bonds, Savings Bond Purchasing Limits, Savings Bonds
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Federal Employee’s Group Life Insurance – FEGLI Considerations

Posted on Friday, 24th February 2023 by Dennis Damp

Forward this to others that may find this information helpful. Sign-up to receive my free Retirement Planning Newsletter. I receive many FEGLI insurance coverage questions throughout the year. Especially from those working on their retirement paperwork and require coverage clarifications. One subscriber recently asked if FEGLI is considered term insurance, if so, does the term […]

Tags: Federal Employee Benefits, FEGLI, Insurance
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