Posted on Wednesday, 5th October 2022 by Dennis Damp
The annual Federal Benefits Open Season 2022 starts on November 14 and is open through December 12, 2022. Employees and annuitants can assess the various plans to ensure they are cost-efficient and best address the care and services needed. The average FEHB premium increase is 7.2 percent for plan year 2023. The new rates were […]
Tags: 2023 FEHB Plans, FEHB Premiums, Inflation
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Posted on Friday, 23rd September 2022 by Dennis Damp
According to estimates by the Administration, this country’s debt to Gross Domestic Product (GDP) soared to 137.2% in 2021, the highest in history! Skyrocketing Inflation is the end result of reckless spending and will disrupt the world economies for years to come. All administrations have contributed to this travesty. Retirees are first to […]
Tags: Border Crisis, Government Spending, Illegal Immigration, Out of Control Spending, Ukraine War, Wars on Steriods
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Posted on Friday, 16th September 2022 by Dennis Damp
We provided our first 2023 COLA projection update last July. Costs continue to rise and mortgage rates are now up to 6%, almost double from where they were at the beginning of the year. Our COLA will be considerably higher than last year’s 5.9% for CSRS and 4.9% for FERS. 2023 COLA PROJECTIONS According […]
Tags: 2023 COLA, Savings Options, Treasury Bill Yields
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Posted on Friday, 2nd September 2022 by Dennis Damp
I discussed the Medicare Advantage Plans associated with our Federal Employees Health Benefits (FEHB) last year during open season. These are relatively new and low-cost options that retirees can change to if they have a FEHB plan and Medicare A and B. Many are attracted to them because they are lower cost and offer partial […]
Tags: FEHB Health Care Plans, MA Plans, Medicare Advantage Plan Caution
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Posted on Friday, 26th August 2022 by Dennis Damp
Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Lifestyle Newsletter. Our updated excel annuity calculator spreadsheet projects your annuity and maximum survivor benefit growth through 2061 using an estimated average annual Cost of Living Adjustment (COLA). This calculator was developed by Frank Cullen, an old friend. […]
Tags: Annuity Calculator, Annuity Projections, CSRS Annuity Projections, FERS Annuity Projections
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Posted on Friday, 22nd July 2022 by Dennis Damp
No matter where we look today, costs are rising as fast as the early 1980s. I remember those days well; mortgage rates were double digit and inflation followed suit. We are fast approaching those lofty levels, a record we don’t want to breach. 2023 COLA PROJECTIONS According to Wilbert J Morell III, a retired Navy […]
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Posted on Friday, 1st July 2022 by Dennis Damp
Retirement account access is critical for those who need to change fund allocations, withdraw funds, add or change beneficiaries, or process other actions such as requesting an RMD. Many Thrift Savings Plan (TSP) account holders encountered major problems when trying to login to the new site. Some spent days working to regain access and were […]
Tags: The Mutual Fund Window, TSP Site Access, TSP Site Launch
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Posted on Friday, 17th June 2022 by Dennis Damp
I described the advantages of Treasury bills in “Ditch your Bank’s Low Savings Rates” last March. They provide higher yields for savers; if you ladder your investments a portion of your savings will be available at set intervals throughout the year. I’ve gone through several reinvestment cycles since starting treasury bill ladders earlier this year. […]
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