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FEHB Open Season Online Update

Posted on Monday, 18th November 2013 by Dennis Damp

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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 […]

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2014 COLA & Military Deposit Rule Changes

Posted on Friday, 1st November 2013 by Dennis Damp

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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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Borrowing to Pay the Mortgage

Posted on Thursday, 17th October 2013 by Dennis Damp

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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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FEHB Program Affordable Care Act Impact

Posted on Friday, 30th August 2013 by Dennis Damp

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Many federal employees and retirees alike are concerned about being forced out of the FEHB program and into local health care exchanges that are mandated by President Obama’s Affordable Care Act. I’m not sure why it was called the Affordable Care Act when in reality insurance costs have already increased considerably across all sectors since […]

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Contacting OPM, FEHB Changes, and Updates

Posted on Sunday, 23rd June 2013 by Dennis Damp

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Recently, due to budget cuts, OPM reduced their call-center’s hours and they are now open from 7:40 a.m. to 5 p.m. Eastern Time. To talk to a retirement consultant, report an annuitant’s death, request a duplicate 1099 R or other issues call their toll free number at 1-888-767-6738. For those in the DC area call […]

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Retirement Challenges & Planning Assistance

Posted on Friday, 17th May 2013 by Dennis Damp

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Many obsess about what they will do in retirement and fear finding out too late – after they retire – that retirement isn’t for them. Most retirees discover early on that their time remains a cherished commodity and you will wonder how you ever worked and got anything done. I’ve been retired going on 9 years […]

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Reassessing Retirement Assumptions

Posted on Monday, 13th May 2013 by Paul Risser

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What makes financial sense for some baby boomers may not make sense for you. Provided by Paul H. Risser There is no “typical” retirement. Many baby boomers want one and believe that they will have one, and their futures may indeed unfold as planned. For others, the story will be different. Just as there is […]

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Social Security Update, Medicare Concerns, & Retiree Jobs

Posted on Friday, 3rd May 2013 by Dennis Damp

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Norma, a federal employee that elected to collect Social Security while still working, commented on my last article on this subject. She stated that while it is true you don’t decrease social security benefits if you are still working at age 66 or older you may be subject to taxes on some of the social […]

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