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Retirement Precautions, TSP Changes, Updates, and Retiree Jobs

Posted on Friday, 6th January 2012 by Dennis Damp

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Recently OPM clarified a number of issues around interim annuity payments and what retirees can expect when they first leave federal service. It is essential that federal employees have sufficient cash available and are financially prepared when retiring to allow OPM to complete a final adjudication of their claim. OPM is now processing applicants in […]

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Closing Out the Old and Bringing in the New

Posted on Monday, 26th December 2011 by Dennis Damp

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It has been a busy year; from changing FEHB providers to new business ventures, an operation, travels, and more.  One of the most significant for me and my wife was switching from Blue Cross Blue Shield Basic (BCBS) to the Government Employees Health Association (GEHA) Standard option during the FEHB open season. When I retired […]

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Why Financial Planning?

Posted on Sunday, 11th December 2011 by Paul Risser

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Financial Planning is simply taking a snapshot of where you are financially today and calculating what you will have and need in retirement down the road. Federal employees have some unique planning issues that Non-Federal employees usually don’t face such as: Should I buy back prior service time? What will be my approximate monthly annuity […]

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Treasury Direct Logon Help plus FEHB & Jobs Updates

Posted on Thursday, 1st December 2011 by Dennis Damp

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I received an email from Treasury Direct last month informing participants about security upgrades at their site. After you register under the new system you no longer need an access card to log into your account. It went on to say that you will receive an e-mail containing a one-time pass code and the opportunity […]

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FEHB Open Season Brochures & Updates

Posted on Saturday, 26th November 2011 by Dennis Damp

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Rosemary, a subscriber to our Retirement Planning News Letter, asked for clarification for requesting FEHB open season plan brochures on OPM’s new web site. I mentioned that the web site was easy to use in my article on the FEHB Open Season last week. She visited the site and was confused by the numbers that […]

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Could You Survive on Interim Retirement Check Payments?

Posted on Saturday, 12th November 2011 by Dennis Damp

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We continue to receive horror stories from retirees waiting up to a year or more for OPM to process their retirement paperwork. It is a real problem even for those who thought they prepared knowing that delays were inevitable. David wrote us in early November stating that he retired September 30, 2010 and as of […]

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When CDs Come Due Earn Higher Yields

Posted on Monday, 7th November 2011 by Dennis Damp

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A site visitor has a $50,000 CD maturing and wanted to know what she could do to increase earnings with little risk of losing the money that she worked a lifetime to acquire. Her bank is offering a meager .9% CD yield. I am not a financial advisor and I can only relate what I […]

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Saving Grace, Fear of the Unknown, and Keys to a Long Life

Posted on Friday, 23rd September 2011 by Dennis Damp

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Saving Grace (Ways to Save) I often mention just how important it is to retire with minimum debt and that means paying off your mortgage and credit cards. I’m not the only one that preaches being debt free in retirement. Money Magazine featured an article titled “Live Well On Less” in their October 2011 issue […]

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