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Posted on Saturday, 6th August 2022 by Dennis Damp

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Please forward this article to others that may find it informative. This past winter our gas and electric bills doubled from the previous year. Both companies confirmed that my usage was about the same year to year. Inflation has taken its toll and we simply can’t escape the spiraling costs of everything these days. Why […]

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Posted on Saturday, 16th July 2022 by Dennis Damp

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The 2022 FEHB Open Season will run from November 14, 2022 through December 12, 2022. Open Season starts every year on the Monday of the second full work week in November and ends on the Monday of the second full work week in December. OPM sent a FEHB Program Carrier Letter to all FEHB providers […]

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Posted on Friday, 6th May 2022 by Dennis Damp

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Wild stock market swings and volatility in all sectors is causing investors to pause. Our retirement accounts are on the block and as inflation continues on its rampage, investors seek safe harbors to wait out the storm. Unfortunately, we are in for quite a ride. Our recent trip down south was an eyeopener every time […]

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Posted on Friday, 11th March 2022 by Dennis Damp

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My previous article titled “Skyrocketing Inflation” had a broken link, the most clicked on link in the article. Here is the corrected link: How to Keep What You Worked a Lifetime Accumulating (Updated)   Typically, I focus on issues that impact those planning retirement and annuitants alike. The common thread reflects my personal experiences and […]

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Posted on Friday, 18th February 2022 by Dennis Damp

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If you are in the market for a new car, it may be challenging to find the one you want at an affordable price. Most dealers have few new cars available; it has been that way for more than a year now. Honestly, I don’t know how the dealerships are staying in business. Some have […]

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Posted on Thursday, 3rd February 2022 by Dennis Damp

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Good news for those wanting more investment options. The TSP plans to add a mutual fund window as early as this summer. A welcomed addition from my perspective. The proposed rule was posted on the Federal Register January 26, 2022. Comments must be received on or before March 28, 2022.   Congress passed legislation in […]

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Posted on Friday, 7th January 2022 by Dennis Damp

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It’s been quite a year, COVID, life disrupted across the board, and so much more to distract us day to day. Thankfully, we are surviving and life is getting back to the new normal; whatever that might be. I’m still trying to figure that out. All Americans are impacted by the Covid epidemic, lawlessness and […]

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Posted on Friday, 10th December 2021 by Dennis Damp

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(Updated 1-12-2024) The Internal Revenue Code (IRC) requires that you begin receiving distributions from your account in the calendar year you become age 73 and are separated from federal service. Your  traditional account is subject to these required minimum distributions (RMDs). The TSP calculates RMDs using your age, your prior year-end account balance, and the […]

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