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Life’s Milestones – Retiree Perspective

Posted on Friday, 1st June 2018 by Dennis Damp

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There are many significant milestones in all of our lives. I attending Milton Hershey School for Boys in the late 1950s and early 60s, graduated from high school and college, received my draft notice in 1968, joined the U.S. Air Force, married my high school sweetheart, landed my first government job with the Department of […]

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Health Care Open Season Changes and TRICARE

Posted on Monday, 7th May 2018 by Dennis Damp

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It’s a little early to be thinking of the next FEHB Open Season for 2019 benefits, yet it’s important to know what changes are coming down the pike. The Federal Benefits Open Season enrollment period, Nov. 12, 2018 through Dec. 10, 2018, runs concurrently with the TRICARE Open Season. FEDVIP Vision and Dental Plans, originally […]

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Return to Work and Receive a Tax Break!

Posted on Thursday, 5th April 2018 by Dennis Damp

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What would encourage a retiree to return to the workforce today? How about a 20% deduction on your new found income! Many that left federal service still have much to offer and can turn a part-time adventure into extra cash that supplements their annuity, Social Security, and TSP payouts. Today, there are many opportunities for […]

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Retirement Essentials – Do You Have What it Takes!

Posted on Saturday, 17th March 2018 by Dennis Damp

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“Retirement is wonderful if you have two essentials — much to live on and much to live for.” The author for this quote is unknown but whomever made this observation was certainly an astute observer of the human condition. Most retire with much to live for; watching their children mature and become successful responsible adults, […]

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Is the Stock Market Keeping You Up at Night?

Posted on Tuesday, 13th February 2018 by Dennis Damp

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What a ride the market has taken us on since my last article that talked about ways to preserve your retirement account balances during downturns. The DOW reached a high of 26,616 and the S&P 2,872 before this latest 10% downward draft. A 10% correction is considered a normal event during a bull market and […]

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Preserving Your Assets (The TSP Rebalancing Act)

Posted on Thursday, 25th January 2018 by Dennis Damp

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The TSP Rebalancing Act If you have been in the market these past ten years, including your TSP and other retirement accounts, your allocations are probably off considerably from where you initially set them. Many rebalance their stock and bond portfolios at least annually however it is easy to forgo this essential step with all […]

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1099Rs Available Now! Plus, Annuity Growth? 

Posted on Thursday, 18th January 2018 by Dennis Damp

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1099Rs Available Now! Normally, federal annuitants don’t received their 1099R Tax Forms until the end of January or the beginning of February by regular mail. If you are registered to use OPM’s Retirement Services Website your 1099 R is now available for download. I visited the site on January 16, 2016 and was able to […]

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When Will You Sign Up For Social Security?

Posted on Monday, 8th January 2018 by Dennis Damp

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In January of 2017 the full retirement age (FRA) started increasing to age 67 in two-month increments over the next six years. When I refer to 66 as full retirement age in this article be aware that your FRA will be up to a year later depending on when you turn 62. OK…, you are […]

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