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2017 COLA, Federal Employee’s Leave Chart, & Pay Raise

Posted on Sunday, 23rd October 2016 by Dennis Damp

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WOW! They finally approved a COLA increase.  It’s amazing how low they can go, .03 Percent for 2017. If your federal retirement annuity is $2,000 per month, you will see $6 more in your check. The average Social Security increase is $4 a month!  The Federal Reserve continues to keep interest rates so low that […]

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FEHB Open Season Update & Best Date to Retire in 2017

Posted on Friday, 14th October 2016 by Dennis Damp

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I was fortunately able to get an early start on this year’s FEHB Open Season that runs from November 14 through December 12.  Last week’s column discussed the average 4.4% premium increase for 2017 and post card that GEHA sent about changes to my plan. I was able to download the GEHA 2017 plan brochure; […]

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FEGLI Open Season, Long Term Care, and Lifestyle Updates

Posted on Monday, 1st August 2016 by Dennis Damp

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FEGLI Open Season Update A number of our subscribers have sent questions about the upcoming FEGLI Open Season and are not sure what options to consider. Open season runs from September 1 through September 30, 2016. It’s time to review your current insurance coverage and determine your true insurance needs before it’s too late. You […]

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Long Term Care – The Other Shoe Drops!

Posted on Thursday, 21st July 2016 by Dennis Damp

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OK, I might have been a little too gracious in my June article titled Long Term Care Insurance – Is it worth the cost? I received a notice from the Federal Long Term Care insurance provider increasing our premiums by over 100 percent in less than 7 months from our last increase in January!!! I […]

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FEGLI Open Season, Phased Retirement, & Updates

Posted on Saturday, 9th July 2016 by Dennis Damp

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The FEGLI Open Season runs from September 1 through September 30, 2016 and I wrote an article last October about the options available and new premiums. I began the article with, “Even if you think, like I did in 2004 when the last open season was offered, that you have sufficient coverage you may be […]

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Long Term Care Insurance – Is it worth the cost?

Posted on Friday, 10th June 2016 by Dennis Damp

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I applied for Long Term care insurance when it was first offered as a benefit in December of 2002. Our premiums for the Future Purchase Option (FPO) at that time were reasonable for the 5 years of coverage we elected; $73.57 monthly for my wife and I.  My premium for the Future Purchase Option was […]

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Are Dividend Stocks A Safe Haven For Retirees?

Posted on Monday, 9th May 2016 by Dennis Damp

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Historically, approximately 40% of total stock market returns are generated from dividends and today you can expect to receive from 2 to 5% or more in yield from these investments. Many that recommend conservative dividend paying stocks look for companies that continue to grow their yield and share price over time with low risk. It’s […]

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How to Keep What You Worked a Life Time Accumulating

Posted on Thursday, 24th March 2016 by Dennis Damp

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Updated 8/12/2025 The bull market in 2016 was the longest in history at the time. All bull markets eventually end in a significant downturn or recession. The Federal Reserve applied its low-interest policies until they started to rise dramatically several years ago. When interest rates are low, more individuals are forced into the stock market […]

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