Posted on Thursday, 16th January 2014 by Dennis Damp
My last article titled What to Consider Before Enrolling in Medicare B, part 2 of this 3 part series, helped you understand Part B and how it impacts your FEHB benefits and costs. This final article of the series discusses whether a lower cost plan would provide you acceptable coverage at a lower overall cost. […]
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| Comments (0)Posted on Wednesday, 27th November 2013 by Dennis Damp
OPM recently added a new feature to their Retiree Service Online site at https://www.servicesonline.opm.gov/. You can now download and print out a current copy of your FEGLI Verification of Life Insurance (VOLI) Coverage. You can also print out duplicate 1099s for 2013 on this site when they are released. Previously you had to request a […]
Tags: Beneficiary Designations, CSRS, estate planning, Federal Retirement, FEGLI, FERS, TSP beneficiaries
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Posted on Monday, 18th November 2013 by Dennis Damp
Another year is almost over! The older I get the faster the days go by and at an alarming rate. Christmas is around the corner and It seems like I just completed our 2012 taxes and sure enough I’m starting to compile information and purchasing Turbo Tax for 2013. Each year I register for OPM’s […]
Tags: FEHB, FEHB Open Season, FERS Retirement
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Posted on Friday, 8th November 2013 by Dennis Damp
Our 2014 Leave Record & Scheduling Spreadsheet is now available for download to your desktop. Use it to automatically track your leave balances in all categories, annotate your schedule, and to establish realistic retirement target dates to maximize your benefits when you leave. This FREE spreadsheet automatically calculates your accrued annual and sick leave balances, […]
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| Comments (0)Posted on Friday, 1st November 2013 by Dennis Damp
Federal retirees, social security recipients, and military retirees will receive a 1.5% COLA next year! This is the lowest COLA since 1985 not counting the two years we did without one. Based on the average retiree’s annuity the 2014 COLA will add approximately $48 monthly for CSRS retirees and $18 for FERS retirees age 62 or older. It’s hard to […]
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Posted on Thursday, 17th October 2013 by Dennis Damp
I would say that anyone who has to borrow to pay their mortgage is in trouble, wouldn’t you! Can you imagine having to borrow not only to pay the mortgage but to just make the interest payments on your credit cards and other debt? Fortunately the government shutdown is over and everyone should be back […]
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| Comments (0)Posted on Saturday, 5th October 2013 by Dennis Damp
I retired in 2005 at age 55, almost 9 years ago! Honestly, I wouldn’t have retired if I didn’t have 35+ years of service at the time and an avocation, my business to fall back on. Had I stayed I would be retiring with 45 years and a maxed out annuity. What I enjoy about […]
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| Comments (0)Posted on Thursday, 12th September 2013 by Dennis Damp
This is a follow-up to my last article which talked about the potential impact the new health care legislation may have on our FEHB plans. I was going to title this article “The Unintended Consequences of the Affordable Health Care Act” however that really isn’t the case. Those who drafted this plan knew full well […]
Tags: affordable care act impact, csrs retirement, FEHB, FERS Retirement
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