Posted on Thursday, 14th April 2016 by Dennis Damp
Eleven years and counting since retiring in 2004 at age 55. Those who follow my column know that I didn’t retire: I just changed jobs and now work from home pretty much full time. Business keeps me busy and over the past two years I’ve simplified operations so that my wife and I can devote […]
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| Comments (0)Posted on Thursday, 24th March 2016 by Dennis Damp
(Updated 2/26/2022) The current bull market is the longest in history and as all bull markets do, they eventually end in a recession. You hear a lot today about the uncertainty in the market considering all of the stimulation that the Federal Reserve has applied through their low interest policies. When interest rates are low […]
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| Comments (0)Posted on Wednesday, 2nd March 2016 by Dennis Damp
Social Security File & Suspend I discussed in a recent column the process my wife and I went through to file and suspend my Social Security benefits. I did this so that my wife will now be able to collect a spousal benefit while I deferred collecting until age 70 and my benefit will increase […]
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Posted on Saturday, 13th February 2016 by Dennis Damp
Recently one of our newsletter subscribers asked me to explain how the Government Pension Offset (GPO) impacts a married couple, one retiring under CSRS and the other under FERS. The husband will retire under CSRS and his wife is a FERS employee. He also wanted to know if his wife’s social security will be penalized […]
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Posted on Wednesday, 27th January 2016 by Dennis Damp
I typically purchase Intuit TurboTax Home & Business software in mid December each year to start working on our income taxes. I was able to download my Statement of Annuity Paid (1099 R Form) direct from OPM’s retirement services web site on January 17th! Typically retirees receive these forms in the mail by the end […]
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Posted on Friday, 15th January 2016 by Dennis Damp
As of January 1, 2016, FEGLI premiums for many options and age brackets changed due to actuarial adjustments. Annuitants that carried FEGLI coverage into retirement will receive a Notice of Annuity Adjustment showing the new rates. Most of the new FEGLI rates for Option A, B and C decrease. The older age band rates for […]
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Posted on Monday, 11th January 2016 by Dennis Damp
Important Note: This article is not an investment recommendation and should not to be relied upon when making investment decisions – investors should conduct their own comprehensive research. Please read the Disclaimer at the end of this article. Each year I review our investments and rebalance funds as necessary to maintain a pre determined asset […]
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Posted on Tuesday, 15th December 2015 by Dennis Damp
I receive email messages from retirees and survivors each year that can’t find their CSA claim number and are uncertain as to what benefits they elected when they retired. At least once a year we receive a Notice of Annuity Adjustment, shortly after the new year starts, that provides abundant information for annuitants and their […]
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