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Higher FEHB & Medicare Premiums on the Horizon for 2024

Posted on Friday, 21st July 2023 by Dennis Damp

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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 […]

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Reflections and a Fixed Income Update – June 2023

Posted on Friday, 7th July 2023 by Dennis Damp

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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 […]

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Inherited Thrift Savings Plan (TSP) Account – Revisited

Posted on Friday, 23rd June 2023 by Dennis Damp

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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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Inherited Thrift Savings Plan (TSP) Account Guidance

Posted on Friday, 16th June 2023 by Dennis Damp

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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 […]

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Death Benefit Delays – Don’t Let This Happen to You (Part 2)

Posted on Friday, 2nd June 2023 by Dennis Damp

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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 […]

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Death Benefit Delays – Don’t Let This Happen to You (Part 1)

Posted on Friday, 19th May 2023 by Dennis Damp

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Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. Few are prepared for the delays a spouse and heirs will experience after applying for an annuitant’s death benefits. I recently reviewed and updated our estate plans and contacted the Office of Personnel Management […]

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Are Your Bank & Credit Union Accounts Safe and Insured?

Posted on Friday, 5th May 2023 by Dennis Damp

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Please forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. Fixed income investments continue to provide a safe haven for our cash as long as we are Vigilant. With the failure of First Republic Bank last week, the third so far this year, all […]

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Hiring A Financial Advisor – Credentials and Fees (Part 2)

Posted on Friday, 28th April 2023 by Dennis Damp

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Last week’s article titled “Hiring A Financial Planning – How & Why (Part 1)” covered the state of the economy, why it’s essential to manage our retirement savings prudently, and discussed the first steps for finding a creditable financial advisor. This segment outlines the level of support financial planners can provide, how to substantiate their […]

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