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The TSP Advantage (Should I Stay or Go)

Posted on Monday, 6th April 2015 by Dennis Damp

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(Updated 2/26/2023) In my article titled Have You Considered Hiring a Financial Advisor, I discussed professional investment assistance and the advantages and costs associated with hiring a financial advisor.  This article focuses on the Thrift Savings Plan (TSP), its benefits, and their very low management fees compared to other funds.  It also introduces you to various […]

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The 2016 COLA and Your Annuity

Posted on Saturday, 7th March 2015 by Dennis Damp

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The impact that our Cost Of Living Adjustment (COLA) has on our annuity is significant and without it retirees would find themselves doing with less as they age. Even though our COLAs don’t truly keep up with inflation as claimed we at least experience increases most years. If COLAs would have been paid in 2010 […]

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Have You considered Hiring A Financial Adviser?

Posted on Friday, 13th February 2015 by Dennis Damp

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(Updated 2/26/2023) Many are uncomfortable with investing and managing money in general. The Federal Reserve intentionally kept interest rates artificially near ZERO for many years and now that interest rates and inflation are soaring in 2023, do we ladder CDs, buy short term Treasuries and corporate bonds, and/or invest in the market with its inherent […]

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1099-R Forms, FREE Tax Software, and Updates

Posted on Tuesday, 27th January 2015 by Dennis Damp

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1099-R Forms I like to complete my taxes as early as possible and often end up waiting for key documents such as our 1099-R form and various bank and investment forms. The online availability of most of these documents does save time. I visited OPM’s Services Online on January 22nd and was able to download […]

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What Your Survivors Should Know about your Federal Benefits

Posted on Friday, 12th December 2014 by Herbert Casey

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If you have a spouse or other loved ones that are dependent on you, you should make sure that they are provided for upon your death. More importantly, you must make sure that the information is made available to them. During this period, it’s very difficult for people to focus, so the more you can […]

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Selecting Your Retirement Date

Posted on Tuesday, 25th November 2014 by Dennis Damp

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Federal employees target a retirement date that suits their personal situation and desires. There is no standard convention that dictates when one should leave or for that matter retire at all. The decision to retire is based on many factors and your personal circumstances. Some can’t afford to leave until they pay off their home […]

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Understanding FDIC Insurance Limits

Posted on Friday, 24th October 2014 by David Scholl

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Over two years ago, this site addressed the confusion many retirees share over understanding how the Federal Deposit Insurance Corporation (FDIC) insurance limitations apply to the various types of accounts they may have in one financial institution. Despite a dramatic drop in the number of failures, the number of banks on the FDIC’s problem bank […]

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TSP Life Annuities – What You Should Know

Posted on Friday, 3rd October 2014 by Herbert Casey

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So, what do you do with the funds in your Thrift Savings Plan (TSP) when you leave federal government service? You have two options. You can take a partial withdrawal which allows you to make a one-time-only withdrawal and leave the rest of your money in the TSP until a later date. You can also […]

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