fbpx

Life Goes On – Account Access Instructions

Posted on Saturday, 6th March 2021 by Dennis Damp

Share

Planning for retirement and life in general requires organization and much thought. Long before we retire our significant others require our assistance and this goes both ways. In most relationships, one person takes responsibility for certain aspects of the couple’s life.  Whoever pays the bills and manages financial affairs must have clear and concise instructions […]

Posted in

| Comments (0)

The State of YOUR Affairs – Exposing the Obvious

Posted on Sunday, 28th February 2021 by Dennis Damp

Share

I’m often astonished after performing a due diligence update on my family’s state of affairs. You too will find reason to pause after putting pen to paper and discovering where you and your family stand financially. Not only your current status, but what a surviving spouse and heirs will have to live on when the […]

Posted in

| Comments (0)

Retiree Reflections – 2021 Musings

Posted on Saturday, 20th February 2021 by Dennis Damp

Share

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 […]

Posted in

| Comments (0)

Creditable Service for Furloughed Employees & Pandemic Assistance

Posted on Sunday, 14th February 2021 by Dennis Damp

Share

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 […]

Posted in

| Comments (0)

Reporting Refunded TSP Distributions (RMDs)

Posted on Friday, 5th February 2021 by Dennis Damp

Share

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 […]

Posted in

| Comments (0)

COVID-19 – Cautiously Optomistic

Posted on Thursday, 28th January 2021 by Dennis Damp

Share

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 […]

Posted in

| Comments (0)

Unreasonable Expectations – The Debt Crisis

Posted on Friday, 22nd January 2021 by Dennis Damp

Share

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!   Currently, the national debt is just under $28 trillion […]

Posted in

| Comments (2)

1099R Forms Available NOW! Plus, Recovery Rebate Credits

Posted on Tuesday, 19th January 2021 by Dennis Damp

Share

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. […]

Posted in

| Comments (0)

Terms Of Use