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Retirement Benefits Update

Posted on Thursday, 24th September 2015 by Dennis Damp

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Retirement Benefits Update OPM recently added new helpful features to their Retirement Information and Services web site. The site continues to add new features to help annuitants and survivors with benefit and retirement issues. The latest additions provide registered users the ability to view and print 1099-R Tax Forms and a Year-to-Date Summary of Annuity […]

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TSP – Safeguarding Your Heirs Inheritance – Inherited IRAs (Part 2)

Posted on Saturday, 5th September 2015 by Dennis Damp

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In TSP – Ways to Safeguard Your TSP, part 1 of this series, I discussed a significant reason why a spouse that inherits a TSP account would want to transfer their TSP account to an IRA.  According to the TSP, “If a TSP beneficiary participant (Annuitant’s spouse) dies, the new beneficiary(ies) cannot continue to maintain […]

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2016 FEGLI Open Season – Take Advantage of this Opportunity

Posted on Thursday, 13th August 2015 by Dennis Damp

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Even if you think, like I did in 2004 when the last open season was offered, that you have sufficient coverage you may be surprised at what you discover. I wish I knew then what I know now about these attractive low cost options. OPM recently announced that a 2016 Federal Employees Group Life Insurance […]

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Career Development & the Retirement Connection

Posted on Wednesday, 5th August 2015 by Dennis Damp

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Please share this article with your friends and associates. Any mention of our articles and www.fedretire.net on Facebook and other social media would be appreciated. I was asked by the Federal Energy Regulatory Commission (FERC) to be a guest speaker at their Washington DC headquarters on July 29th 2015. I discussed ways for employees to enhance their careers through the development […]

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TSP – Ways to Safeguard Your Heirs Inheritance

Posted on Saturday, 4th July 2015 by Dennis Damp

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Updated 6/22/2023 When a spouse is designated the beneficiary of a Thrift Savings Plan (TSP) account, the TSP establishes a beneficiary participant account in the spouse’s name. The money in the beneficiary participant account stays invested as it was in the deceased participant’s account except for any money the participant had invested in the mutual […]

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Smart Retirement Decisions, FEHB Discussion, & Updates

Posted on Thursday, 11th June 2015 by Dennis Damp

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Please share this article with your friends and associates. Any mention of our articles and www.fedretire.net on your Facebook, Twitter, and social media accounts would be appreciated. Wow, going on eleven years retired and I’m still learning valuable life lessons! There are so many times in my life when I reflect back on certain events and realize the […]

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FEHB Self Plus One Implementation Update

Posted on Thursday, 28th May 2015 by Dennis Damp

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Many retirees and active federal employees have been waiting for this for some time now. Starting this fall you will be able to enroll in any of the FEHB health plans under the new Self Plus One rate schedule. This year’s annual open season begins November 9th and the new rates will be effective January 1, […]

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Survivor’s Beware – The TSP Trap

Posted on Saturday, 16th May 2015 by Dennis Damp

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(Updated 2/26/2023) I received a call from the wife of a friend who passed away. She was concerned about her options after being notified by the TSP that her husband’s account was converted to the G Fund upon his death. She was approached by a financial planner that suggested she transfer her husband’s TSP account […]

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