SOCIAL SECURITY / MEDICARE | Federal Employee's Retirement Planning Guide

Collecting Social Security While Still Working and CSRS Offset Concerns

Posted on Friday, 12th April 2013 by Dennis Damp

A site visitor to one of our forums stated that she was 66 and still working and was CSRS offset. A colleague suggested that she think about drawing social security now versus waiting until she retires. Once you reach age 66 you can earn unlimited amounts without reducing your Social Security benefit. She had been […]

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Retirement Seen Through Your Eyes

Posted on Saturday, 6th April 2013 by Paul Risser

After you leave work, what will your life look like? How do you picture your future? If you are like many baby boomers, your view of retirement is likely pragmatic compared to that of your parents. That doesn’t mean you have to have a “plain vanilla” tomorrow. Even if your retirement savings are not as […]

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TSP Investment Timing and The Retiree’s Dilemma

Posted on Monday, 1st April 2013 by Dennis Damp

The stock market is up and the DOW stock market index has recovered from its low of 6629 in March of 2009 to over 14,000 recently. Interest rates and yields on CDs, treasuries, and savings have remained historically low. The government has artificially maintaining interest rates well below norm to stimulate the economy and to […]

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1099R Statements, Replacement Copies, & Upcoming Changes

Posted on Friday, 8th February 2013 by Dennis Damp

My 1099R arrived from OPM this week and annuitants should have also received their Notice of Annuity Adjustments, Form R1 20-53 (REV. 12/12), that outlines your new 2013 status and payments. The annuity adjustment statement includes the 1.7% COLA increase and lists any changes to your insurance and elective payments. Each year we receive many […]

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Important IRS Adjustments For 2013

Posted on Tuesday, 4th December 2012 by Paul Risser

IRAs & workplace retirement plans have higher contribution limits. Presented by Paul H. Risser The IRS has set annual contribution limits for IRAs, 401(k)s, TSPs and other retirement plans higher for 2013, and made other important adjustments for inflation as well. Here is an overview of some notable changes just announced. The 2013 IRA contribution […]

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Size Matters, Especially in Retirement

Posted on Thursday, 25th October 2012 by Dennis Damp

Retirees are getting hit from all directions with hidden taxes, reduced purchasing power, increased healthcare, gas, food, and necessity costs. The size of our annuities, savings accounts and investments are shrinking due to a dramatically increased money supply when we truly need them to maintain our standard of living. Retirees often depend on interest from […]

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Retirement Application Changes, Pay Freeze & COLA Update, and FERS Employee’s Contribution Increases

Posted on Sunday, 21st October 2012 by Dennis Damp

OPM revised and updated several FERS and CSRS retirement application forms in 2012. Before submitting your application check your form’s date to ensure you have the updated version. (Forward this email to others in your organization to give them a heads up about this.) You can download the updated forms online at http://federalretirement.net/retireforms.htm. The forms […]

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2013 COLA and Retirement Application Submission Clarification

Posted on Friday, 28th September 2012 by Dennis Damp

Recently, the Congressional Budget Office has suggested that a 1.3 percent cost-of-living adjustment is pending for Dec. 1 that includes military, civilian, retired pay, and Social Security recipients. There was talk of an increase of as high as 1.9%. We will see the increase in our January annuity check. Today, 1.3% doesn’t look that bad […]

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