Posted on Thursday, 5th November 2015 by Dennis Damp
The 2016 plan brochures are now available online at OPM. I ordered 6 plan brochures through OPM’s FEHB Open Season Online service on Monday. I requested hard copies so I can sit down and review them offline. You can also view them online. This year has generated many more questions due to the new Self […]
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Posted on Saturday, 24th October 2015 by Dennis Damp
Now that we officially aren’t receiving a COLA in 2016 and our health care costs are increasing next year, for some substantially, it’s time to cut our expenses wherever possible. Over the past few months I saved a substantial amount by reviewing our monthly bills and pairing costs. I believe I’ve saved enough to offset […]
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Posted on Thursday, 1st October 2015 by Dennis Damp
OPM announced that the 2016 FEHB premiums will increase an average of 6.4 percent. Enrollees, on average, will pay $5.50 more each pay period for Self Only coverage and those with Self and Family coverage will pay $19.61 more per pay period. OPM also states in their latest press release that, “for over 95% of […]
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Posted on Wednesday, 5th August 2015 by Dennis Damp
Please share this article with your friends and associates. Any mention of our articles and www.fedretire.net on Facebook and other social media would be appreciated. I was asked by the Federal Energy Regulatory Commission (FERC) to be a guest speaker at their Washington DC headquarters on July 29th 2015. I discussed ways for employees to enhance their careers through the development […]
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Posted on Saturday, 7th March 2015 by Dennis Damp
The impact that our Cost Of Living Adjustment (COLA) has on our annuity is significant and without it retirees would find themselves doing with less as they age. Even though our COLAs don’t truly keep up with inflation as claimed we at least experience increases most years. If COLAs would have been paid in 2010 […]
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Posted on Friday, 13th February 2015 by Dennis Damp
(Updated 2/26/2023) Many are uncomfortable with investing and managing money in general. The Federal Reserve intentionally kept interest rates artificially near ZERO for many years and now that interest rates and inflation are soaring in 2023, do we ladder CDs, buy short term Treasuries and corporate bonds, and/or invest in the market with its inherent […]
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| Comments (0)Posted on Tuesday, 25th November 2014 by Dennis Damp
Federal employees target a retirement date that suits their personal situation and desires. There is no standard convention that dictates when one should leave or for that matter retire at all. The decision to retire is based on many factors and your personal circumstances. Some can’t afford to leave until they pay off their home […]
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Posted on Wednesday, 22nd October 2014 by Dennis Damp
According to John Church with the Bureau of Labor Statistics (BLS) the 2015 COLA will be 1.7%. This is the low range of what many projected of between 1.7 to 2%. We updated our COLA charts this morning to reflect this change and we post all COLAs back to 1999. If your annuity is $2,500 […]
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