fbpx

Unreasonable Expectations – The Debt Crisis

Posted on Friday, 22nd January 2021 by Dennis Damp

Share

The national debt consists of public and intragovernmental debt owed by Uncle Sam. Public debt is what the government owes to bond holders including American citizens, international investors, and foreign governments that buy our bonds. Actually, U.S. citizens own the majority of the national debt!   Currently, the national debt is just under $28 trillion […]

Posted in

| Comments (2)

1099R Forms Available NOW! Plus, Recovery Rebate Credits

Posted on Tuesday, 19th January 2021 by Dennis Damp

Share

Our 1099R Tax Forms typically aren’t available until the end of January by regular mail. Registered users of OPM’s Retirement Services Website can download their 1099R NOW! I visited the site on January 19, 2021 and downloaded my copy early to use for my 2020 tax return. You must be registered to use their site. […]

Posted in

| Comments (0)

Contacting OPM – Delays Reported

Posted on Thursday, 14th January 2021 by Dennis Damp

Share

OPM is currently experiencing high call volumes and longer than normal wait times on the Retirement Information Office Toll Free number (888-767-6738). Their highest call volume is on Monday and Tuesday mornings. Request a 27 page Federal Retirement Report™ today. A one hour session with a Certified Financial Planner is incuded. To minimize wait times, […]

Posted in

| Comments (0)

Notice of Annuity Adjustment, and 1099 R Tax Forms

Posted on Thursday, 7th January 2021 by Dennis Damp

Share

Corrections:  I misquoted the 2021 COLA in last week’s article titled “1% Pay Raise Approved for 2021 – GS Pay Charts Available;” it is 1.3% not 1.6%  The blog article was corrected. Generally, in late December federal retirees receive a Notice of Annuity Adjustment that provides abundant information for annuitants and their survivors. The mailed statements […]

Posted in

| Comments (0)

1% Pay Raise Approved for 2021 – GS Pay Charts Available

Posted on Friday, 1st January 2021 by Dennis Damp

Share

Those planning to retire soon will benefit somewhat from the small 1% federal employee’s pay raise this year. Primarily, your annual leave buy back will be at the new pay rate starting the first pay period of 2021. If you plan on staying another year or longer the raise will increase your high three average […]

Posted in

| Comments (0)

2020 Reflections – Life Goes On

Posted on Saturday, 19th December 2020 by Dennis Damp

Share

The year started off with a bang: market up, unemployment the lowest it had been in decades, and hopes were high for the new year.  That changed course abruptly when COVID overtook life as we knew it, yet we persevered and are on the road to recovery at years end thanks to the Warp Speed […]

Posted in

| Comments (0)

Out-Of-Pocket (OOP) Costs – FEHB with Medicare

Posted on Wednesday, 9th December 2020 by Dennis Damp

Share

John read my article titled “Changes for the 2021 FEHB Open Season – Save Some Serious Money” and asked what my wife’s OPP costs were for the surgeries I mentioned. Many want to know if what our FEHB plans pay is enough to offset and warrant paying Part B premiums? Request a Federal Retirement Report™ to […]

Posted in

| Comments (0)

End of 2021 FEHB Open Season Advice

Posted on Monday, 7th December 2020 by Dennis Damp

Share

As the 2021 FEHB Open Season draws to a close Monday, December 14th, there’s still time to look for a new plan or confirm your existing plan is the right choice. Here are a few things to consider. Enrollment status – 90% of the time self-plus-one enrollment is cheaper than self-family enrollment, but not always. […]

Posted in

| Comments (0)

Terms Of Use