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Roth Conversion Article Update and Income Tax Impact

Posted on Thursday, 25th September 2025 by Dennis Damp

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My article, titled “TSP Traditional to ROTH IRA Conversions Coming Soon,” has one area that needs further clarification and one typo under the “Benefits and Timing” heading. Additionally, I had intended to address the income tax impact in a separate article; it is included here for convenience. I illustrated how much a couple with total […]

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TSP Traditional to ROTH IRA Conversions Coming Soon

Posted on Friday, 19th September 2025 by Dennis Damp

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Starting in January 2026, you can perform TSP Roth in-plan conversions to move money from your traditional TSP to a Roth TSP, paying taxes on the converted amount that year. Alternatively, you can transfer your traditional TSP funds to a Roth IRA, which is a taxable event. For Roth in-plan conversions, you must use personal […]

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TSP Required Minimum Distributions, Annuities, and Transfers

Posted on Friday, 5th September 2025 by Dennis Damp

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Gail recently asked, “If I use my Thrift Savings Plan (TSP) Required Minimum Distribution (RMD) to purchase an annuity, can I avoid paying taxes on that RMD?” Using your Thrift Savings Plan (TSP) Required Minimum Distribution (RMD) to purchase an annuity doesn’t eliminate the taxes due on the withdrawn funds. RMDs are Taxable as Ordinary […]

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FEHB & PSHB Open Season – Higher Premiums Heading Our Way!

Posted on Friday, 29th August 2025 by Dennis Damp

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Over the past three years our health care premiums have increased an average of 29.9%! If this trend continues, many will be seeking lower cost coverage among the FEHB/PSHB providers. The 2025 Open Season runs from November 10, 2025, through December 8, 2025. Federal and Postal employees are able to evaluate their health, dental or […]

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I Never Thought to Ask! How About You?

Posted on Thursday, 21st August 2025 by Dennis Damp

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Thanks to a kind and skilled pharmacy technician, my prescription costs for Asmanex decreased from $135 a month to $39! This is a welcome reprieve from one of the medications I take. Asmanex is the only asthma inhaler I can use without significant side effects. GEHA didn’t cover it in the past, and I purchased […]

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Will Retirement Work For YOU? It Depends!

Posted on Thursday, 14th August 2025 by Dennis Damp

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I retired in 2005 at age 55, almost 21 years ago! I wouldn’t have retired if I didn’t have 35+ years of service at the time and an avocation, my business to fall back on after leaving government service. My federal employees’ retirement planning site helps me connect with thousands of retirees who are genuinely […]

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2026 Federal Employees’ Leave Record Now Available

Posted on Thursday, 7th August 2025 by Dennis Damp

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Each year, we publish a comprehensive leave record that federal employees can use to track their annual and sick leave, comp, and credit hours used. Our updated 2026 Excel Leave Chart is designed for active federal employees who are planning their retirement and need to establish realistic target retirement dates. This spreadsheet also helps federal […]

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Are Your Savings Secure? A Fixed Income Update

Posted on Friday, 1st August 2025 by Dennis Damp

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Last January, the Federal Reserve kept the fed funds rate steady at the 4.25%-4.5% range, pausing its rate-cutting cycle after three consecutive reductions in 2024. During their July 2025 meeting, they decided to continue the pause in the interest rate-cutting cycle that began in September 2024. After Chairman Powell’s announcement, the DOW Index dropped over […]

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