Posted on Friday, 7th December 2012 by Dennis Damp
Updated 7/25/2021 Yes, there are ways to retire with more than you can imagine! There are many parts to this puzzle that YOU have control over and those who take responsible actions now will be handsomely rewarded when they decide to retire. Having more in retirement doesn’t necessarily mean having a larger annuity, although that […]
Tags: Career Planning, FERS Retirement, Retiree Jobs, Retirement Income, Retirement Planning
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Posted on Tuesday, 4th December 2012 by Paul Risser
IRAs & workplace retirement plans have higher contribution limits. Presented by Paul H. Risser The IRS has set annual contribution limits for IRAs, 401(k)s, TSPs and other retirement plans higher for 2013, and made other important adjustments for inflation as well. Here is an overview of some notable changes just announced. The 2013 IRA contribution […]
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Posted on Friday, 9th November 2012 by Paul Risser
Things you can do before and for 2013 Presented by Paul H. Risser What financial, business or life priorities do you need to address for 2013? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may prove crucial to the […]
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| Comments (0)Posted on Thursday, 25th October 2012 by Dennis Damp
Retirees are getting hit from all directions with hidden taxes, reduced purchasing power, increased healthcare, gas, food, and necessity costs. The size of our annuities, savings accounts and investments are shrinking due to a dramatically increased money supply when we truly need them to maintain our standard of living. Retirees often depend on interest from […]
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Posted on Friday, 28th September 2012 by Dennis Damp
Recently, the Congressional Budget Office has suggested that a 1.3 percent cost-of-living adjustment is pending for Dec. 1 that includes military, civilian, retired pay, and Social Security recipients. There was talk of an increase of as high as 1.9%. We will see the increase in our January annuity check. Today, 1.3% doesn’t look that bad […]
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Posted on Saturday, 15th September 2012 by Dennis Damp
Updated 12/15/2024 Most fantasize about retirement while working. I recall telling my wife when I was in my mid 20s that I wanted to stay with federal service because I could retire at age 55, which I did by the way. However, we live in the real world and retirement is a HUGE decision that […]
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| Comments (0)Posted on Thursday, 6th September 2012 by Paul Risser
Investing timidly may shield you against risk … but not against inflation. Presented by Paul H. Risser When is being risk-averse too risky for the sake of your retirement? After you conclude your career or sell your company, you have a right to be financially cautious. At the same time, you can risk being a […]
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| Comments (0)Posted on Saturday, 25th August 2012 by Dennis Damp
If you are considering a TSP withdrawal be aware of the potential for a 10% penalty. You can always withdraw funds from the TSP after you leave federal service, however to avoid the 10% tax penalty, you must meet one of these exceptions: Additional 10% Penalty Tax If you receive a TSP distribution before […]
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