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2014 COLA & Military Deposit Rule Changes

Posted on Friday, 1st November 2013 by Dennis Damp

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Federal retirees, social security recipients, and military retirees will receive a 1.5% COLA next year!  This is the lowest COLA since 1985 not counting the two years we did without one. Based on the average retiree’s annuity the 2014 COLA will add approximately $48 monthly for CSRS retirees and $18 for FERS retirees age 62 or older.  It’s hard to […]

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Borrowing to Pay the Mortgage

Posted on Thursday, 17th October 2013 by Dennis Damp

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I would say that anyone who has to borrow to pay their mortgage is in trouble, wouldn’t you! Can you imagine having to borrow not only to pay the mortgage but to just make the interest payments on your credit cards and other debt? Fortunately the government shutdown is over and everyone should be back […]

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Making Retirement Work For YOU

Posted on Saturday, 5th October 2013 by Dennis Damp

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I retired in 2005 at age 55, almost 9 years ago! Honestly, I wouldn’t have retired if I didn’t have 35+ years of service at the time and an avocation, my business to fall back on.  Had I stayed I would be retiring with 45 years and a maxed out annuity. What I enjoy about […]

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FEHB Program Affordable Care Act Impact

Posted on Friday, 30th August 2013 by Dennis Damp

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Many federal employees and retirees alike are concerned about being forced out of the FEHB program and into local health care exchanges that are mandated by President Obama’s Affordable Care Act. I’m not sure why it was called the Affordable Care Act when in reality insurance costs have already increased considerably across all sectors since […]

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Protecting Your Most Valuable Retirement Asset – Your Home

Posted on Friday, 19th July 2013 by Dennis Damp

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We purchased a 9 year old home last year and the seller thankfully included a home warranty. Since we moved in we used the home warranty services many times saving us thousands of dollars in repairs. Recently, I renewed the contract and had to call them out shortly thereafter. When we were purchasing our new […]

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FEGLI Clarifications and Coverage Verification

Posted on Saturday, 6th July 2013 by Dennis Damp

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I’ve received many emails over the years from annuitants, spouses of deceased annuitants, and estate executors that weren’t aware of the annuitant’s coverage and/or beneficiaries. A number of annuitants forget what coverage they elected (if any) or who they designated as beneficiary. There are a number of things that you, your spouse, and estate executor […]

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Retirement Challenges & Planning Assistance

Posted on Friday, 17th May 2013 by Dennis Damp

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Many obsess about what they will do in retirement and fear finding out too late – after they retire – that retirement isn’t for them. Most retirees discover early on that their time remains a cherished commodity and you will wonder how you ever worked and got anything done. I’ve been retired going on 9 years […]

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Collecting Social Security While Still Working and CSRS Offset Concerns

Posted on Friday, 12th April 2013 by Dennis Damp

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A site visitor to one of our forums stated that she was 66 and still working and was CSRS offset. A colleague suggested that she think about drawing social security now versus waiting until she retires. Once you reach age 66 you can earn unlimited amounts without reducing your Social Security benefit. She had been […]

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