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CAUTION – Don’t Lose Your FEHB Coverage

Posted on Saturday, 15th July 2017 by Dennis Damp

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Kathleen, one of our retirement planning newsletter subscribers wasn’t able to suspend her FEHB coverage after signing up for a Medicare Supplement Plan earlier this year. There are specific requirements for suspending FEHB coverage. Basically, you can only suspend your FEHB coverage if you sign up for a Medicare Advantage Plan (Part C), TRICARE, TRICARE […]

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Ready for Retirement?

Posted on Tuesday, 11th July 2017 by Donna Day

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How to determine if you are ready for retirement …there are many areas to consider and explore. First and foremost, can you afford it? Also, what about healthcare and what do you plan to do with your time? These are a few questions along with a host of others that will be discussed within this article […]

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FERS & CSRS Retirements – Looking in the Rear View Mirror

Posted on Thursday, 6th July 2017 by Dennis Damp

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It’s hard to believe that only 2% of the active workforce is CSRS retirement eligible! When I was hired in the early 1970s all were CSRS eligible. A sea change from those days. Now FERS will soon be the only game in town and we don’t know what changes will come down the road for […]

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Early Retirement Incentives – VERAs May be on the Way

Posted on Tuesday, 30th May 2017 by Dennis Damp

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Many agencies are now either considering or have already applied to OPM for approval to offer Voluntary Early Retirements (VERAs) and possibly Voluntary Separation Incentive Payments (VSIPs) as well. Now is the time to assess whether or not a VERA, if offered, would be the right thing for you to do based on your circumstances […]

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Preparing For Life & Retirement

Posted on Sunday, 14th May 2017 by Dennis Damp

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I’ve been working to place my wife’s and my life on auto pilot as much as possible. Each year I up my game and work to either consolidate, eliminate, or simplify another process, program, or function that will free up our time, space, and just make life less hectic and worrisome. We are preparing, while […]

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Finally, Good News for Retirees and Savers

Posted on Monday, 13th March 2017 by Dennis Damp

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According to Kiplinger’s, core inflation will increase in 2017 above last year’s rate. Higher inflation generally results in higher Cost of Living Adjustments (COLAs) the following year. The Federal Reserve is expected to raise interest rates soon and several more increases are anticipated this year. This alone will provide relief to all savers including retirees […]

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1099 R Statements For 2016 Are Available Now!

Posted on Wednesday, 18th January 2017 by Dennis Damp

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Normally, federal annuitants don’t received their 1099R Tax Forms until the end of January or the beginning of February by regular mail. If you are registered to use OPM’s Retirement Services Website your 1099 R is now available for download. I visited the site on January 18, 2016 and was able to download my copy […]

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2017 Leave calendar and Pay Raise, Then and Now, & Jobs Update

Posted on Friday, 16th December 2016 by Dennis Damp

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We published the new 2017 Excel Leave Chart back in late October. Since then a few of our site visitors were only able to open the Excel chart in protected mode and couldn’t enter data. If your spreadsheet opens in protected view click the “enable editing” button in the yellow bar at the top of […]

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