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Posted on Saturday, 20th February 2021 by Dennis Damp

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Mary and I are scheduled for our first COVID 19 vaccinations on March 4th. Our local health care provider set up an online registration process this month and we were able to schedule both shots. We are still apprehensive about the potential side effects considering the rumors circulating online. However, many have already received their […]

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Posted on Sunday, 14th February 2021 by Dennis Damp

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Michael is a fulltime employee with the National Parks Service (NPS) that is subject to between 2 weeks and 6 months furlough each year.  He wanted to know if the time he is furloughed counts towards his FERS service?  For instance, if he is furloughed for 6 months would he have one year or 6 […]

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Posted on Friday, 5th February 2021 by Dennis Damp

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The CARES Act allowed us to waive year-2020 required minimum distributions (RMDs) for all TSP participants who would otherwise have been subject to them. This included participants for whom 2020 would have been their first RMD year, even though that distribution would not have been due until April 1, 2021. RMDs have not been waived […]

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Posted on Thursday, 28th January 2021 by Dennis Damp

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Those approaching retirement and retirees are the most susceptible to COVID-19 infection. According to the Centers for Disease Control and Prevention, COVID-19 is deadliest among older populations. In fact, through January 21, 93 percent of COVID-19 deaths nationwide have occurred among those ages 55 or older. Request a 27 page Federal Retirement Report™ today. A one […]

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Posted on Friday, 22nd January 2021 by Dennis Damp

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The national debt consists of public and intragovernmental debt owed by Uncle Sam. Public debt is what the government owes to bond holders including American citizens, international investors, and foreign governments that buy our bonds. Actually, U.S. citizens own the majority of the national debt! Request a 27 page Federal Retirement Report™ today. A one hour […]

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Posted on Tuesday, 19th January 2021 by Dennis Damp

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Our 1099R Tax Forms typically aren’t available until the end of January by regular mail. Registered users of OPM’s Retirement Services Website can download their 1099R NOW! I visited the site on January 19, 2021 and downloaded my copy early to use for my 2020 tax return. You must be registered to use their site. […]

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Posted on Thursday, 14th January 2021 by Dennis Damp

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OPM is currently experiencing high call volumes and longer than normal wait times on the Retirement Information Office Toll Free number (888-767-6738). Their highest call volume is on Monday and Tuesday mornings. Request a 27 page Federal Retirement Report™ today. A one hour session with a Certified Financial Planner is incuded. To minimize wait times, […]

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Posted on Friday, 1st January 2021 by Dennis Damp

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Those planning to retire soon will benefit somewhat from the small 1% federal employee’s pay raise this year. Primarily, your annual leave buy back will be at the new pay rate starting the first pay period of 2021. If you plan on staying another year or longer the raise will increase your high three average […]

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