Posted on Tuesday, 27th January 2015 by Dennis Damp
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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| Comments (0)Posted on Friday, 12th December 2014 by Herbert Casey
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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Posted on Tuesday, 25th November 2014 by Dennis Damp
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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Posted on Friday, 24th October 2014 by David Scholl
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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Posted on Friday, 3rd October 2014 by Herbert Casey
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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| Comments (0)Posted on Friday, 20th June 2014 by Dennis Damp
My last column discussed Basic FEGLI coverage and how to evaluate your insurance needs. This article will discuss options A, B, and C and part 3 of this series will discuss changes you may wish to make with certain life events. If you are approaching retirement print these articles to help you decide on options when […]
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| Comments (0)Posted on Friday, 9th May 2014 by Dennis Damp
Turning 65 often proves to be a pivotal year for retirees. I’ll be 65 next month and discovered many tasks await us at this juncture in our lives. There are many things to consider and first and foremost I’m grateful that I made it to this milestone; many don’t, including my parents and grandparents on […]
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Posted on Friday, 25th April 2014 by Dennis Damp
Updated 2/20/2024 My Aunt Pauline and Uncle Jack preplanned their final arrangements in their early 50s. Uncle Jack had several major heart attacks in his mid 40s and thought for sure he would be the first one to go. He lived to 81 and my aunt passed away a year before he died. They purchased […]
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