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The TSP Advantage (Should I Stay or Go)

Posted on Monday, 6th April 2015 by Dennis Damp

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(Updated 2/26/2023) In my article titled Have You Considered Hiring a Financial Advisor, I discussed professional investment assistance and the advantages and costs associated with hiring a financial advisor.  This article focuses on the Thrift Savings Plan (TSP), its benefits, and their very low management fees compared to other funds.  It also introduces you to various […]

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The 2016 COLA and Your Annuity

Posted on Saturday, 7th March 2015 by Dennis Damp

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The impact that our Cost Of Living Adjustment (COLA) has on our annuity is significant and without it retirees would find themselves doing with less as they age. Even though our COLAs don’t truly keep up with inflation as claimed we at least experience increases most years. If COLAs would have been paid in 2010 […]

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CAUTION – Do These Things Before You Retire

Posted on Friday, 23rd January 2015 by Dennis Damp

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Updated 2/22/2024 Please forward this article to everyone in your organization that is planning on retiring over the next five years and tag it for your Facebook and other social media pages. Once you retire you lose access to many online agency and government web sites that hold valuable information that you may need after […]

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TSP Survivor Withdrawal Options – Update

Posted on Monday, 5th January 2015 by Dennis Damp

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The article we published on Survivor’s Benefits stated that “Upon your death, the funds in your TSP account cannot remain in the TSP. Your account will have to be distributed to the beneficiary(ies) you indicate on Form TSP-3, Designation of Beneficiary.” This information is correct for non-spouse beneficiaries. When a spouse is determined to be […]

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What Your Survivors Should Know about your Federal Benefits

Posted on Friday, 12th December 2014 by Herbert Casey

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If you have a spouse or other loved ones that are dependent on you, you should make sure that they are provided for upon your death. More importantly, you must make sure that the information is made available to them. During this period, it’s very difficult for people to focus, so the more you can […]

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Connecting to FEHB Open Season Online

Posted on Wednesday, 12th November 2014 by Dennis Damp

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Each year I connect to OPM’s Federal Employees Health Benefits (FEHB) online services at https://retireefehb.opm.gov/Annuitant/. This service is devoted to Federal Retirees, Survivor Annuitants, or Former Spouse Annuitants. Annuitants can get a head start on open season and even print out their personal Open Season Health Benefits Guide long before receiving a mailed copy. Users […]

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Connect to OPM Retirement Services Online

Posted on Friday, 7th November 2014 by Herbert Casey

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Do you need to start, change or stop federal or state income tax withholdings; change your mailing address, start or change the direct deposit of your payment; or view a statement describing your annuity payment. If so, it’s easy with OPM’s Retirement Services Online (SOL) www.servicesonline.opm.gov. You can have access to your annuity payment actions […]

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Understanding FDIC Insurance Limits

Posted on Friday, 24th October 2014 by David Scholl

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Over two years ago, this site addressed the confusion many retirees share over understanding how the Federal Deposit Insurance Corporation (FDIC) insurance limitations apply to the various types of accounts they may have in one financial institution. Despite a dramatic drop in the number of failures, the number of banks on the FDIC’s problem bank […]

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