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Closing Out the Old and Bringing in the New

Posted on Monday, 26th December 2011 by Dennis Damp

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It has been a busy year; from changing FEHB providers to new business ventures, an operation, travels, and more.  One of the most significant for me and my wife was switching from Blue Cross Blue Shield Basic (BCBS) to the Government Employees Health Association (GEHA) Standard option during the FEHB open season. When I retired […]

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FEHB Open Season Brochures & Updates

Posted on Saturday, 26th November 2011 by Dennis Damp

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Rosemary, a subscriber to our Retirement Planning News Letter, asked for clarification for requesting FEHB open season plan brochures on OPM’s new web site. I mentioned that the web site was easy to use in my article on the FEHB Open Season last week. She visited the site and was confused by the numbers that […]

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Budget Cuts, VERAs, FEHB Open Season & Retiree Jobs

Posted on Friday, 18th November 2011 by Dennis Damp

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The Office of Personnel Management expects a number of agencies to request VERA and VSIP authority in FY 2012 after appropriations are finalized.  Agencies may face substantial budget cuts next year according to the OPM director. OPM is expediting requests for VSIP and early-outs and formed a special team to assist agencies with their requests. […]

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Could You Survive on Interim Retirement Check Payments?

Posted on Saturday, 12th November 2011 by Dennis Damp

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We continue to receive horror stories from retirees waiting up to a year or more for OPM to process their retirement paperwork. It is a real problem even for those who thought they prepared knowing that delays were inevitable. David wrote us in early November stating that he retired September 30, 2010 and as of […]

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Saving Grace, Fear of the Unknown, and Keys to a Long Life

Posted on Friday, 23rd September 2011 by Dennis Damp

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Saving Grace (Ways to Save) I often mention just how important it is to retire with minimum debt and that means paying off your mortgage and credit cards. I’m not the only one that preaches being debt free in retirement. Money Magazine featured an article titled “Live Well On Less” in their October 2011 issue […]

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How to Avoid a Retirement Nightmare and Retiree Job Opportunities

Posted on Thursday, 7th July 2011 by Dennis Damp

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How to Avoid a Retirement Nightmare We continue to receive reports of significant OPM retirement paperwork processing delays and insufficient partial interim pension payments. A site visitor sent a frantic message to us last week asking for assistance after receiving notice from OPM that he will receive an interim payment of 30% of his full […]

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Federal Benefits in Divorce – After the Decree, now what?

Posted on Wednesday, 6th July 2011 by Ann Ozuna

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Whether you are the “fed” or the “former spouse”, if you have retirement, insurance benefits or TSP benefits which were divided or assigned in the divorce decree, your work is not done when the ink dries at the courthouse.  First of all, you will need fuzzy seal “conformed” copies of your decree and any augmenting […]

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TSP Conversions, I Bonds Revisited & Updates

Posted on Monday, 20th June 2011 by Dennis Damp

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TSP Conversions and Taxes The key to what taxes, if any, are due is in the type of IRA that you wish to convert to.  When you rollover any investment account that hasn’t yet been taxed (TSP, traditional IRA, 401k) to an after-tax investment account, such as a Roth IRA, taxes must be paid to […]

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