Posted on Tuesday, 24th March 2020 by Dennis Damp
Everyone young and old is dealing with this crisis as best they can. The majority reading this column are either retired or planning their retirement and of the older generation. The ones most susceptible to the Coronavirus. Like the rest of the country that isn’t providing essential services, my wife and I are at home […]
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| Comments (0)Posted on Monday, 16th March 2020 by Dennis Damp
I’ve written many articles over the years, during good and bad times, focusing on preservation of capital for retirees and those close to retirement. A common sense approach to investing that protects the assets you accumulated during your career. Request Your Personalized Federal Retirement Report™ Today The recent stock market crash, due to the Coronavirus […]
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Posted on Sunday, 15th March 2020 by Dennis Damp
The Coronavirus is now center stage and deservingly so. This invisible antagonist has upended our world for the near term: schools and businesses closing, event cancelations – including literally all sporting events, the stock market on retreat, social distancing, and empty shelves at local stores. Request Your Personalized Federal Retirement Report™ Today Thankfully, we finally […]
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| Comments (0)Posted on Thursday, 5th March 2020 by Dennis Damp
The new Setting Every Community Up for Retirement Enhancement, the SECURE Act, was signed into law last December. There are significant changes to how our retirement savings are accessed and taxed. We all need to be prepared for this new reality and take the necessary steps to comply with the rule changes. Request a Federal Retirement […]
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Posted on Friday, 21st February 2020 by Dennis Damp
I typically write a short article each year about revelations in my life related to retirement. A break from the benefit issues I most often discuss. Another eventful year has passed and as always, with various trials and tribulations along the way. Federal Employee Retirement Benefits Seminars – Check Availability Last year I signed-up for […]
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| Comments (2)Posted on Friday, 14th February 2020 by Dennis Damp
Rosemary wrote me last week because she wasn’t sure where to find the total healthcare premiums that she paid in 2019. She needed the totals to file her taxes. Your best option is to log on to OPM’s Online Services. Select Annuity Statements, and then select the payment dates you wish to review in the […]
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| Comments (0)Posted on Friday, 7th February 2020 by Dennis Damp
Fortunately, the National Defense Authorization Act for Fiscal Year 2010 authorized FERS employees to use their unused sick leave balances to increase their retirement annuity. Prior to this Act, only CSRS employees were able to use their unused sick leave balances in their annuity calculation. Until this act was passed, federal employees hired under the […]
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| Comments (2)Posted on Friday, 24th January 2020 by Dennis Damp
New retirees are subject to interim annuity payments and many don’t know what to expect when they first leave federal service. Federal employees must have sufficient cash available and be financially prepared when retiring to allow OPM to complete a final adjudication of their claim. Request a Federal Retirement Report™ today to review your projected annuity payments, income […]
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