Posted on Friday, 18th November 2011 by Dennis Damp
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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| Comments (0)Posted on Saturday, 12th November 2011 by Dennis Damp
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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| Comments (1)Posted on Friday, 23rd September 2011 by Dennis Damp
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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Posted on Thursday, 7th July 2011 by Dennis Damp
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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Posted on Wednesday, 6th July 2011 by Ann Ozuna
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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Posted on Monday, 20th June 2011 by Dennis Damp
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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Posted on Thursday, 26th May 2011 by Dennis Damp
Six years and Counting I’ve been retired 6 ½ years now and just turned 62… I’m eligible for SOCIAL SECURITY!!! I attended my nephew’s graduation party last week and for the first time understand how my aunts and uncles felt during similar events back in the 60s, 70s and 80s. Now Mary and I are […]
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Posted on Tuesday, 3rd May 2011 by Dennis Damp
We haven’t received COLAs because gas, utilities, food, health care premiums, tuition, and airfares haven’t increased for two years now; RIGHT? Are you paying less for much of anything these days! The inflation rate would equal 10% or higher if the Consumer Price Index (CPI) included food and fuel increases like it did in the […]
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