Posted on Friday, 10th February 2012 by Dennis Damp
A recent Pew Research Center report titled The Rising Age Gap in Economic Well-being contends that the old prosper relative to the young and they provide abundant statistics to prove their assumption. I’m tired of the constant subtle attacks on anyone that did the right things throughout their lives; saved, worked hard, spent responsibly, paid […]
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| Comments (0)Posted on Thursday, 9th February 2012 by Paul Risser
A few months ago, while meeting with a federal employee couple, I came across a story that I think is worth repeating. I’ve changed the names and some of the details, but the overall theme of the story is true. Mr. Jones was a good man and longtime CSRS government employee with many years of […]
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| Comments (0)Posted on Friday, 3rd February 2012 by Dennis Damp
For those of you not yet retired this is good to know information. A 1099-R is what retirees receive from OPM for filing your taxes. It lists your gross and taxable annuity amounts, federal and state tax withholding, healthcare premiums, and other relevant information. If you are retired and haven’t received your 1099-R yet you […]
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| Comments (0)Posted on Thursday, 26th January 2012 by Paul Risser
A look at some financial changes & the opportunities they may present. Presented by Paul H. Risser Every year brings some financial change, so here are some relevant changes relating to investment, tax and estate planning for 2012. Retirement plans. 401(k), 403(b), and TSP annual contribution limits rise slightly to $17,000, and you can contribute […]
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| Comments (0)Posted on Friday, 20th January 2012 by Dennis Damp
We received a question from a federal employee concerning credit for temporary service. Linda was hired as a temporary employee in 1985 and two years later she was hired full time. Last April she bought back her two years of temporary service and her SCD has not changed on her Employee Express Benefits Statement. She […]
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Posted on Friday, 13th January 2012 by Paul Risser
If your loved ones have invested, saved or insured themselves to any degree, you may be named as a beneficiary to one or more of their accounts, policies or assets in the event of their deaths. While we all hope “that day” never comes, we do need to know what to do financially if and […]
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| Comments (0)Posted on Friday, 6th January 2012 by Dennis Damp
Recently OPM clarified a number of issues around interim annuity payments and what retirees can expect when they first leave federal service. It is essential that federal employees have sufficient cash available and are financially prepared when retiring to allow OPM to complete a final adjudication of their claim. OPM is now processing applicants in […]
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Posted on Monday, 26th December 2011 by Dennis Damp
It has been a busy year; from changing FEHB providers to new business ventures, an operation, travels, and more. One of the most significant for me and my wife was switching from Blue Cross Blue Shield Basic (BCBS) to the Government Employees Health Association (GEHA) Standard option during the FEHB open season. When I retired […]
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