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OPM’s Retiree Online Services (Avoid These Problems) + Jobs Update

Posted on Tuesday, 27th February 2018 by Dennis Damp

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I receive many questions from site visitors concerning OPM’s Retiree Services Online (SOL). Their site allows users to view their annuity statements, change allotments, download their 1099R tax form, set federal and state tax withholdings, and much more. To register for the first time you must first call OPM and request a temporary password that […]

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Is the Stock Market Keeping You Up at Night?

Posted on Tuesday, 13th February 2018 by Dennis Damp

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What a ride the market has taken us on since my last article that talked about ways to preserve your retirement account balances during downturns. The DOW reached a high of 26,616 and the S&P 2,872 before this latest 10% downward draft. A 10% correction is considered a normal event during a bull market and […]

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Preserving Your Assets (The TSP Rebalancing Act)

Posted on Thursday, 25th January 2018 by Dennis Damp

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The TSP Rebalancing Act If you have been in the market these past ten years, including your TSP and other retirement accounts, your allocations are probably off considerably from where you initially set them. Many rebalance their stock and bond portfolios at least annually however it is easy to forgo this essential step with all […]

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1099Rs Available Now! Plus, Annuity Growth? 

Posted on Thursday, 18th January 2018 by Dennis Damp

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1099Rs Available Now! Normally, federal annuitants don’t received their 1099R Tax Forms until the end of January or the beginning of February by regular mail. If you are registered to use OPM’s Retirement Services Website your 1099 R is now available for download. I visited the site on January 16, 2016 and was able to […]

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2017 is a Wrap – Good News For 2018

Posted on Friday, 29th December 2017 by Dennis Damp

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Lots of good news for federal employees and annuitants alike this year. First off, there were no major changes to our benefits even though many services wrote volumes about proposals that never materialized. I seldom cover these proposals because the majority of members in both parties currently don’t support them. That being said entitlements and […]

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Where Are You Now! Looking At The Numbers….

Posted on Monday, 18th December 2017 by Dennis Damp

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No matter where you are at in your life; just starting out, mid career or retired, knowing where you stand financially helps you weather the storms that may be ahead. Do you have the resources to not only make ends meet today but to have the freedom in retirement to expand your horizons and do […]

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The TSP Modernization Act Becomes Law

Posted on Saturday, 18th November 2017 by Dennis Damp

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The TSP Modernization Act (H.R. 3031) was signed by the President November 17, 2017.  This update, one of the first since the TSP was established, provides users with additional options to manage their invested funds, including the ability to make multiple post-separation partial withdrawals and to make multiple in-service age-based withdrawals once the participant has […]

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Blue Cross Blue Shield Basic to GEHA Standard FEHB Plan Comparisons

Posted on Thursday, 19th October 2017 by Dennis Damp

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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. One of our newsletter subscribers contacted me about the change to Blue Cross Blue Shield Basic for 2018.  The FepBlue.org site states, “If […]

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