Posted on Friday, 23rd October 2020 by Dennis Damp

Many annuitants change to a lower cost FEHB plan because most plans waive the majority of the deductibles, copayments, and coinsurance payments when you sign up for Medicare Part A & B. These low cost FEHB plans are often considered when enrolling in Medicare. Request Your Personalized Federal Retirement Report™ Today The Advantage of Signing […]

Posted in

• BENEFITS / INSURANCE
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION

Posted on Monday, 19th October 2020 by Dennis Damp

Our government reports that inflation is low, yet every time we turn around prices are increasing.  I often ponder why our COLAs, 1.3% for 2021, are so low most years when costs for essentials are increasing. We are used to paying more for everything these days so it shouldn’t be a surprise to everyone that […]

Posted in

• BENEFITS / INSURANCE
• FINANCE / TIP
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION

Posted on Tuesday, 13th October 2020 by Dennis Damp

I reported in mid-September that the 2021 COLA was projected to be anywhere from .44% to as high as 1.2% according to Kiplinger’s. The Social Security Administration announced a 1.3% COLA increase on October 13th for 2020. CSRS and FERS annuitants will receive the full 1.3% this year. View the table of all COLAs from […]

Posted in

• ANNUITIES / ELIGIBILITY
• BENEFITS / INSURANCE
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION
• UNCATEGORIZED

Posted on Friday, 25th September 2020 by Kevin Moss

The 2021 FEHB Open Season runs from November 9th through December 14th. For 42 years, Consumers’ Checkbook has published our annual Guide to Health Plans for Federal Employees to help active and retired federal employees find the best FEHB plan for them. By asking you a few questions about yourself and your family, the Guide […]

Posted in

• BENEFITS / INSURANCE
• FINANCE / TIP
• RETIREMENT CONCERNS
• SURVIVOR INFORMATION

Posted on Friday, 18th September 2020 by Dennis Damp

I receive many questions this time of year about the retirement process and required forms. It can take several months for HR to process your papers and send them to the Office of Personnel Management (OPM) for final determination of your claim. Many federal and postal workers elect to retire at end of year because […]

Posted in

• ANNUITIES / ELIGIBILITY
• BENEFITS / INSURANCE
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SURVIVOR INFORMATION

Posted on Saturday, 12th September 2020 by Dennis Damp

We can expect a smaller COLA increase for 2021. The final number will be released on October 13th.  The August issue of Kiplinger magazine estimated an increase of 1.2% while others suggest a much lower figure of .44%. Both projections are much lower than the 1.6% we received last year. Projected COLA Going Down The […]

Posted in

• BENEFITS / INSURANCE
• FINANCE / TIP
• LIFESTYLE / TRAVEL
• RETIREMENT CONCERNS
• SOCIAL SECURITY / MEDICARE
• SURVIVOR INFORMATION

Posted on Friday, 4th September 2020 by Dennis Damp

  I know its early, open season doesn’t start until November. However, it is a good time to start thinking about your 2021 health care needs now. Open season is just around the corner. Request a Federal Retirement Report™ to review projected annuity payments, income verses expenses, FEGLI, and TSP projections. I recently talked with Kevin […]

Posted in

• BENEFITS / INSURANCE
• ESTATE PLANNING
• FINANCE / TIP
• RETIREMENT CONCERNS
• SURVIVOR INFORMATION

Posted on Friday, 28th August 2020 by Dennis Damp

Retirees generally worry about finances and health issues, not whether or not I’ll be safe when I go out and about.  I was talking recently to an 80-year-old veteran who just purchased his first firearm, a revolver. He was using a walker and not in great health. Yes, a COVID-19 vaccine will save lives and […]

Posted in

• LIFESTYLE / TRAVEL
• SURVIVOR INFORMATION