Posted on Friday, 1st September 2023 by Dennis Damp
How did I ever find time to work before retiring? A lament expressed by many retirees, including myself. Life was much simpler, slower paced, with fewer technological advancements when I was young and full of vim and vigor. That ship has long since sailed. Frustration Times 10 A friend forwarded me Steeler Tickets via email […]
Tags: Climate Change, Inflation, iPhone Upgrade
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Posted on Friday, 18th August 2023 by Dennis Damp
The Office of Personnel Management (OPM) released three videos recently to help federal retirees navigate their online retirement services accounts. Those planning their retirement should be aware of the process; when you leave sign up to access your annuity and benefits information online. This initiative is designed to assist federal employees transition from active service […]
Tags: Federal Retiremnet, OPM Services Online, Retirment Services
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Posted on Friday, 11th August 2023 by Dennis Damp
Please forward this to others needing retirement planning assistance. Those planning their retirement and annuitants require accessible resources to find answers to their retirement questions. The new year is fast approaching and many feds are now determining their best date to retire. Retirement planning is of and in itself a complicated process with many avenues to […]
Tags: Federal Employee Counseling Services, Federal Retirement, Retirement Planning Assistance
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Posted on Friday, 21st July 2023 by Dennis Damp
The 2023 FEHB Open Season will run from November 13 through December 11, 2023. 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 on […]
Tags: Federal Retirement, FEHB Premiums, Medicare Premiums
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Posted on Friday, 7th July 2023 by Dennis Damp
Retirees continue to suffer the brunt of inflation’s wrath with little relief on the horizon. Yes, the feds continue to say inflation is waning but few of us feel a sense of relief from the high cost of everything today, especially big-ticket items: housing, rent, gas at the pump, utilities, travel in general, and visits […]
Tags: CD Rates, Fixed Income, I Bonds, T-Bills, The Good Old Day, Treasuries
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Posted on Friday, 23rd June 2023 by Dennis Damp
Recently updated, and at times contradictory TSP guidance concerning this subject, was presented in my previous article. I would like to thank Tammy Flanagan, a former federal employee, professional federal benefits specialist, and friend for contacted me about this issue. The Beneficiary Conundrum How assets of TSP accounts are distributed to beneficiaries, upon the owner’s […]
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Posted on Friday, 16th June 2023 by Dennis Damp
I discussed the spousal and non-spousal beneficiary issues with a TSP representative last week to substantiate the following inherited account guidelines. When an annuitant or surviving spouse dies the TSP sends out a determination package to beneficiaries. They set up a survivor account for spouses or a temporary account for non-spousal beneficiaries that can be […]
Tags: Inherited IRA, Non-Spouse Beneficiary, Spouse Beneficiary, TSP beneficiaries, TSP Spousal Accounts, TSP Temporary Accounts
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Posted on Friday, 2nd June 2023 by Dennis Damp
Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. The first part of this article discussed the delays survivors can expect before receiving their first annuity check, electing a survivor’s annuity, survivor’s annuity cost, reporting a death, and submitting the application for death […]
Tags: OPM Death Benefit Processing, Reporting a Death to OPM, Survivor Benefits, Survivor's Annuity
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