Posted on Thursday, 17th October 2013 by Dennis Damp
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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| Comments (0)Posted on Friday, 30th August 2013 by Dennis Damp
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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Posted on Sunday, 23rd June 2013 by Dennis Damp
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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Posted on Friday, 17th May 2013 by Dennis Damp
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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Posted on Monday, 13th May 2013 by Paul Risser
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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| Comments (0)Posted on Friday, 3rd May 2013 by Dennis Damp
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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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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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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