Posted on Friday, 7th November 2014 by Herbert Casey
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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| Comments (0)Posted on Friday, 24th October 2014 by David Scholl
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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Posted on Wednesday, 22nd October 2014 by Dennis Damp
According to John Church with the Bureau of Labor Statistics (BLS) the 2015 COLA will be 1.7%. This is the low range of what many projected of between 1.7 to 2%. We updated our COLA charts this morning to reflect this change and we post all COLAs back to 1999. If your annuity is $2,500 […]
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Posted on Friday, 17th October 2014 by Herbert Casey
Open Season for Federal Employees Health Benefits (FEHB) is just around the corner. Open Season runs from the Monday of the second full workweek in November through the Monday of the second full workweek in December. This year Open Season is November 10, 2014 – December 8, 2014. Federal retirees and their surviving spouses retain […]
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Posted on Friday, 19th September 2014 by Herbert Casey
During the first month of writing for FederalRetirement.net, I received a few questions on military buyback. I am surprised at the number of folks who either waited until right before their retirement or realized after they retired that they missed an opportunity to increase their annuities by paying their military service credit deposit. In general, […]
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| Comments (0)Posted on Friday, 5th September 2014 by Herbert Casey
How are you preparing for retirement? Are you the Ant or the grasshopper? My first article about a month ago provided 5 essential tips to be prepared like the ant. Based on feedback from a few friends that I shared the article with, all consider themselves ants. No one is a grasshopper or at least […]
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Posted on Friday, 22nd August 2014 by Dennis Damp
If you know of someone approaching age 65 or younger and signing up for Medicare send them a link to this article. It provides the information that federal employees and retirees need to consider before they sign up. If you are already collecting Social Security benefits you will be automatically signed up for Medicare three […]
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Posted on Friday, 1st August 2014 by Herbert Casey
I’m sure all of you remember Aesop’s fable of the Ant and the Grasshopper. Briefly, it’s about the ant that toiled through the summer to store food for the winter. The grasshopper hopped about and sung to its heart’s content. He had plenty to eat and didn’t see a need to work hard to store […]
Tags: CSRS, Federal Retirement, FERS
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