Posted on Friday, 27th January 2017 by Dennis Damp
OPM issued a “Benefits Administration Letter,” number 16-102, announcing that “effective immediately, we will not accept corrections (scratch-outs, white-outs, line-outs, or any other type of correction actions) in the named Sections on the following forms. New forms must be completed in lieu of any alterations to previously entered information.” A manually corrected retirement application could […]
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| Comments (0)Posted on Wednesday, 18th January 2017 by Dennis Damp
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 18, 2016 and was able to download my copy […]
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| Comments (0)Posted on Friday, 13th January 2017 by Dennis Damp
Moving is always stressful no matter if you are working or retired. My wife and I moved 11 times since we first married 47 years ago! Each move had its own unique issues that we had to handle at different times in our lives. If you are retired there are a number of actions that […]
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| Comments (0)Posted on Saturday, 29th October 2016 by Dennis Damp
Everyone planning their retirement needs to know how much they will have to live on in retirement and how much their annuity and the surviving spouse’s benefit will grow over time. Unlike many private sector retirement plans, our annuities are adjusted annually – most years – with a COLA. I was at a family gathering […]
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Posted on Sunday, 23rd October 2016 by Dennis Damp
WOW! They finally approved a COLA increase. It’s amazing how low they can go, .03 Percent for 2017. If your federal retirement annuity is $2,000 per month, you will see $6 more in your check. The average Social Security increase is $4 a month! The Federal Reserve continues to keep interest rates so low that […]
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Posted on Friday, 14th October 2016 by Dennis Damp
I was fortunately able to get an early start on this year’s FEHB Open Season that runs from November 14 through December 12. Last week’s column discussed the average 4.4% premium increase for 2017 and post card that GEHA sent about changes to my plan. I was able to download the GEHA 2017 plan brochure; […]
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Posted on Friday, 19th August 2016 by Dennis Damp
FEGLI Open Season is fast approaching and two of my articles titled FEGLI Open Season, Long Term Care, and Lifestyle Updates and 2016 FEGLI Open Season – Take Advantage of this Opportunity should provide the information you need to make informed decisions. Generally you need coverage for final expenses and additional coverage if your savings and […]
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| Comments (0)Posted on Monday, 1st August 2016 by Dennis Damp
FEGLI Open Season Update A number of our subscribers have sent questions about the upcoming FEGLI Open Season and are not sure what options to consider. Open season runs from September 1 through September 30, 2016. It’s time to review your current insurance coverage and determine your true insurance needs before it’s too late. You […]
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