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A 30-second Check Could Change Your Retirement Plan

Posted on Monday, 20th October 2025 by Dennis Damp

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Taking this 30-second check will help you navigate the often-complex federal retirement system. PARCO’s easy-to-use, free platform enables all Federal Employees (FERS, CSRS, Special FERS, and FSPS) to view their benefits and optimize their federal retirement. PARCO’s Free Platform is used by thousands of FERS and CSRS employees across the country and around the world.   […]

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Prescription Drug Costs – Major Price Cuts Coming

Posted on Friday, 17th October 2025 by Dennis Damp

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The President recently announced three agreements with Pfizer, AstraZeneca, and EMD Serono to reduce American drug prices dramatically. These prices are in line with the lowest prescription drug prices in other developed nations (known as the most-favored-nation, or MFN, price). EMD Serono’s cost reductions for its fertility drugs will result in substantial savings on fertility […]

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Government Shutdown Continues – Suffering the Consequences

Posted on Wednesday, 15th October 2025 by Dennis Damp

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After nine votes, the Senate has not been able to pass a clean spending bill, even though three Senators crossed party lines to support the bill. Six more are needed to meet the 60-vote threshold. Many are reporting that this shutdown could exceed the 35-day shutdown of 2019! This political brinkmanship must stop; too many […]

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Inflation Concerns and High Prices Persist – What’s Next

Posted on Friday, 10th October 2025 by Dennis Damp

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Last year, I posted an article titled “Too Much Too Soon & Cable TV Subscription Costs,” in which I discussed automation and the high cost of cable TV subscription services. Ramifications of the Federal Shutdown – The Reality The house we visited a year ago finally sold last month, at 25% below its original asking […]

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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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