Posted on Thursday, 1st October 2020 by Dennis Damp
Your vote matters, regardless of who you plan to vote for. Those planning their retirement and annuitants are older and may wish to vote remotely due to the pandemic. You can always request an absentee ballot. This year a number of States have initiated new vote by mail practices and there is considerable confusion in […]
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| Comments (0)Posted on Saturday, 26th September 2020 by Dennis Damp
The Federal Employees Dental and Vision Program (FEDVIP) has 3.3 million enrollees including 1.7 million enrollees enrolled in both programs. This program provides dental and vision benefits to a total of 6.9 million Federal employees, uniformed service members, retirees and their family members. Request a Federal Retirement Report™ to review projected annuity payments, income verses expenses, […]
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Posted on Friday, 25th September 2020 by Kevin Moss
The 2021 FEHB Open Season runs from November 9th through December 14th. For 42 years, Consumers’ Checkbook has published our annual Guide to Health Plans for Federal Employees to help active and retired federal employees find the best FEHB plan for them. By asking you a few questions about yourself and your family, the Guide […]
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| Comments (0)Posted on Friday, 18th September 2020 by Dennis Damp
I receive many questions this time of year about the retirement process and required forms. It can take several months for HR to process your papers and send them to the Office of Personnel Management (OPM) for final determination of your claim. Many federal and postal workers elect to retire at end of year because […]
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Posted on Saturday, 12th September 2020 by Dennis Damp
We can expect a smaller COLA increase for 2021. The final number will be released on October 13th. The August issue of Kiplinger magazine estimated an increase of 1.2% while others suggest a much lower figure of .44%. Both projections are much lower than the 1.6% we received last year. Projected COLA Going Down The […]
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Posted on Friday, 4th September 2020 by Dennis Damp
I know its early, open season doesn’t start until November. However, it is a good time to start thinking about your 2021 health care needs now. Open season is just around the corner. Request a Federal Retirement Report™ to review projected annuity payments, income verses expenses, FEGLI, and TSP projections. I recently talked with Kevin […]
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| Comments (0)Posted on Saturday, 22nd August 2020 by Dennis Damp
Estate planning is a sensitive issue and many avoid the subject until it’s too late. This can and will compromise your heir’s benefits, or at least delay them when they will be needed most. It’s never too late to start. It is advisable to compile this information long before it will be needed, and the […]
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Posted on Friday, 14th August 2020 by Dennis Damp
Many federal employees, including myself, purchased paper savings bonds though payroll deduction until paper bonds were discontinued eight years ago. Savings bonds mature after 30 years. If you own bonds that are thirty or more years old, they no longer earn interest and should be cashed in. Many banks and credit unions no longer redeem […]
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