Posted on Monday, 20th June 2011 by Dennis Damp
TSP Conversions and Taxes The key to what taxes, if any, are due is in the type of IRA that you wish to convert to. When you rollover any investment account that hasn’t yet been taxed (TSP, traditional IRA, 401k) to an after-tax investment account, such as a Roth IRA, taxes must be paid to […]
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Posted on Thursday, 26th May 2011 by Dennis Damp
Six years and Counting I’ve been retired 6 ½ years now and just turned 62… I’m eligible for SOCIAL SECURITY!!! I attended my nephew’s graduation party last week and for the first time understand how my aunts and uncles felt during similar events back in the 60s, 70s and 80s. Now Mary and I are […]
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Posted on Tuesday, 3rd May 2011 by Dennis Damp
We haven’t received COLAs because gas, utilities, food, health care premiums, tuition, and airfares haven’t increased for two years now; RIGHT? Are you paying less for much of anything these days! The inflation rate would equal 10% or higher if the Consumer Price Index (CPI) included food and fuel increases like it did in the […]
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Posted on Friday, 29th April 2011 by Ann Ozuna
On the Divorce Issues and Retirement Impact section we discussed in general how your federal benefits are property up for division in divorce. Here are some of the specifics: OPM must have all the information it needs in your decree or order to divide your retirement. Therefore you must specify “gross annuity”, “net annuity,” or […]
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| Comments (0)Posted on Tuesday, 29th March 2011 by Dennis Damp
Robert worked for the Federal government for 4 years under FERS. He resigned in 1995 and withdrew his FERS retirement contributions and then returned to government in 1998. He now holds a career position and was not sure if he could obtain credit for his prior service that he withdrew in 1995. We receive many […]
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Posted on Monday, 14th March 2011 by Dennis Damp
Your last Day How can you ensure that your exit doesn’t cause you or your agency problems? There are many loose ends to sew up the last few days of employment that if not done properly can delay payment of your first check or cause other problems. I still hadn’t received my retirement Personnel Action […]
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Posted on Thursday, 27th January 2011 by Dennis Damp
I have always been fairly conservative with my TSP account considering that I’m now retired and may need these funds down the road. I look at my TSP performance from several perspectives. First, I compare my contributions to market value for total gain, the amount my account has grown since retiring, and then look at […]
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| Comments (0)Posted on Wednesday, 19th January 2011 by Nancy Holston
I’ve been retired over two years now and the winter before retiring I had dreams of spending my winters indoors after retirement looking out into the woods during snow storms watching snow flakes gently float to the ground while Cardinals and Blue Jays feasted at the feeders scattered amongst the trees. I would drink my […]
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