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How Much is Enough for Retirement?

Posted on Friday, 7th September 2018 by Dennis Damp

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Fortunately, Federal employees are able to determine where they stand financially before retiring. When you evaluate your Thrift Savings, civil service annuity, social security and other savings and investment accounts you will discover the reality of retirement for you and your family. Will you have enough to not only live comfortably but to achieve your […]

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A Way Out – It Pays to Complain!

Posted on Friday, 17th August 2018 by Dennis Damp

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I’m always looking for ways to economize and cut expenses from utility costs to investment managements fees and everything in between. Typically, I look for lower utility supplier rates and always, ALWAYS, sign up for fixed rate deals only. I also annotate on my utilities file back cover the start and ending dates for each […]

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Getting it Right the First Time

Posted on Friday, 3rd August 2018 by Dennis Damp

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Recently, Greg asked, “how important is it to attend a retirement briefing or not?” He and his wife intend to travel the country for several years after leaving federal service. I developed my retirement planning website because I attended two agency sponsored retirement seminars and came back with more questions than answers. That being said, […]

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Finding the Right One – Finally, She Has A Soul

Posted on Friday, 6th July 2018 by Dennis Damp

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I frequently talk about what is happening in my life as it relates to retirement. For example, when I signed up for Medicare and Social Security I outlined the process for others to follow. Recently I began searching for a small car for my wife, a car that would easily fit in the garage and […]

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Retirement Processing Delays – Don’t Let This Happen to You

Posted on Thursday, 21st June 2018 by Dennis Damp

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There are a number of actions to take long before you retire to expedite retirement application processing. If you don’t correct certain errors prior to applying be financially prepared to live on a reduced interim annuity check for an extended period. One of our site visitors recently discovered that her ten years of military service […]

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Surviving on an Interim Annuity Payment

Posted on Friday, 18th May 2018 by Dennis Damp

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Are you prepared to live on reduced income until your retirement claim is processed? Those already retired know all about this, they received interim annuity payments until the final adjudication of their retirement. For me personally, it only took three months. I retired on December 31 and my first full annuity payment, with credits for […]

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Interest Rates Rising – Saving For A rainy Day –

Posted on Friday, 27th April 2018 by Dennis Damp

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Low interest rates over the past decade have driven many to abandon secure FDIC insured savings, Treasury Bills and Notes for higher risk investments such as stocks, ETFs, and mutual funds. A good number of savers simply left their savings in very low yielding bank accounts and suffered the loss of income and decreased buying power […]

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Return to Work and Receive a Tax Break!

Posted on Thursday, 5th April 2018 by Dennis Damp

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What would encourage a retiree to return to the workforce today? How about a 20% deduction on your new found income! Many that left federal service still have much to offer and can turn a part-time adventure into extra cash that supplements their annuity, Social Security, and TSP payouts. Today, there are many opportunities for […]

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