Posted on Wednesday, 5th October 2022 by Dennis Damp
The annual Federal Benefits Open Season 2022 starts on November 14 and is open through December 12, 2022. Employees and annuitants can assess the various plans to ensure they are cost-efficient and best address the care and services needed. The average FEHB premium increase is 7.2 percent for plan year 2023. The new rates were […]
Tags: 2023 FEHB Plans, FEHB Premiums, Inflation
Posted in
Posted on Friday, 16th September 2022 by Dennis Damp
We provided our first 2023 COLA projection update last July. Costs continue to rise and mortgage rates are now up to 6%, almost double from where they were at the beginning of the year. Our COLA will be considerably higher than last year’s 5.9% for CSRS and 4.9% for FERS. 2023 COLA PROJECTIONS According […]
Tags: 2023 COLA, Savings Options, Treasury Bill Yields
Posted in
Posted on Friday, 9th September 2022 by Dennis Damp
The past eight days were certainly different than expected. By all reports, COVID for those vaccinated would have been mild to moderate. We received our first two shots early on and a booster about 8 months later. During a recent visit to our PCP, we were advised to hold off on another booster. I lost […]
Tags: COVID, COVID SYmptoms, Paxlovid Antiviral, Surviving COVID
Posted in
Posted on Friday, 2nd September 2022 by Dennis Damp
I discussed the Medicare Advantage Plans associated with our Federal Employees Health Benefits (FEHB) last year during open season. These are relatively new and low-cost options that retirees can change to if they have a FEHB plan and Medicare A and B. Many are attracted to them because they are lower cost and offer partial […]
Tags: FEHB Health Care Plans, MA Plans, Medicare Advantage Plan Caution
Posted in
Posted on Friday, 26th August 2022 by Dennis Damp
Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Lifestyle Newsletter. Our updated excel annuity calculator spreadsheet projects your annuity and maximum survivor benefit growth through 2061 using an estimated average annual Cost of Living Adjustment (COLA). This calculator was developed by Frank Cullen, an old friend. […]
Tags: Annuity Calculator, Annuity Projections, CSRS Annuity Projections, FERS Annuity Projections
Posted in
Posted on Friday, 12th August 2022 by Dennis Damp
Please forward this to others needing retirement planning assistance. Those planning their retirement and annuitants require accessible resources for answers to their individual and unique questions. OPM does a good job managing our retirement system overall. However, there are limits to what they can provide. It’s often frustrating and difficult finding competent help and the […]
Tags: CSRS, FERS, Retirement Counseling, Retirement Planning, Retirement Planning Assistance
Posted in
Posted on Saturday, 6th August 2022 by Dennis Damp
Please forward this article to others that may find it informative. This past winter our gas and electric bills doubled from the previous year. Both companies confirmed that my usage was about the same year to year. Inflation has taken its toll and we simply can’t escape the spiraling costs of everything these days. Why […]
Tags: Electric Vehicle Concerns, EV Battery Costs, EV Issues, Power GXrid, Power GXrid Problems
Posted in
Posted on Friday, 22nd July 2022 by Dennis Damp
No matter where we look today, costs are rising as fast as the early 1980s. I remember those days well; mortgage rates were double digit and inflation followed suit. We are fast approaching those lofty levels, a record we don’t want to breach. 2023 COLA PROJECTIONS According to Wilbert J Morell III, a retired Navy […]
Posted in
 |
 |
 |
|
||
 |
|
 |
|
||