Posted on Friday, 28th April 2023 by Dennis Damp
Last week’s article titled “Hiring A Financial Planning – How & Why (Part 1)” covered the state of the economy, why it’s essential to manage our retirement savings prudently, and discussed the first steps for finding a creditable financial advisor. This segment outlines the level of support financial planners can provide, how to substantiate their […]
Tags: Financial Advisors, Financial PLanning
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Posted on Friday, 21st April 2023 by Dennis Damp
Forward this to others that may find this information helpful. They can sign-up to receive my free Retirement Planning Newsletter. The Federal Reserve intentionally kept interest rates artificially near ZERO for many years. Now that interest rates and inflation are soaring in 2023, do we ladder CDs, buy short term Treasuries and corporate bonds, and/or […]
Tags: CFPs, Financial Advisors, TSP Considerations, Wealth Management
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Posted on Saturday, 15th April 2023 by Dennis Damp
Last year’s 8.7% COLA increase was the highest in over 40 years. Civil Service Retirement System (CSRS) annuitants received the full 8.7% while Federal Employees Retirement System (FERS) annuitants received 7.7%. Next year’s COLA may be disappointingly low even when it seems our costs for just about everything continue to skyrocket. I just returned from […]
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Posted on Friday, 31st March 2023 by Dennis Damp
The economy continues to heat up. Employers added 311,000 workers in February, a sign that the pace of hiring continues to rise, economists predicted 225,000 new jobs! The Federal Reserve continues to raise interest rates to fight inflation. Their intent is to slow down the economy and raise the unemployment rate that is currently sitting […]
Tags: Federal Annuitants, FERS Retirees, Retiree Jobs, Security Jobs, Writing Jobs
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Posted on Friday, 24th March 2023 by Kevin Moss
It’s a little early to start talking about health care open season. However, major Medicare Part D reforms were enacted in the Inflation Reduction Act of 2022 (IRA) that everyone needs to be aware of. Some of the legislation’s provisions seek to lower prescription drug costs for both Medicare beneficiaries and the federal government. Historically, […]
Tags: MA Plans, Medicare Part D, Prescription Drug Coverage
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Posted on Friday, 17th March 2023 by Dennis Damp
Savings bonds as featured in my article titled, “I and EE Savings Bonds – Safe, Simple, and Affordable” can be used to finance children’s education, supplement future retirement income, or save for a rainy day, all are backed by the full faith and credit of the United States. Many are unaware of the tax-free components […]
Tags: EE Bonds, I Bonds, Lost Savings Bonds, Savings Bonds, Tax Free Interest
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Posted on Friday, 10th March 2023 by Dennis Damp
Savings bonds received a boost in popularity last year due to their inflation indexed I-Bond’s exceptional interest rates, currently 6.89%. Far exceeding what most investments are paying today. Their previous six-month yield was 9.62%! A former associate reviewed savings bond interest rates for his payroll deduction purchases from 2001 to 2007. His 2001 bonds are […]
Tags: EE Bonds, I Bonds, Savings Bond Purchasing Limits, Savings Bonds
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Posted on Friday, 24th February 2023 by Dennis Damp
Forward this to others that may find this information helpful. Sign-up to receive my free Retirement Planning Newsletter. I receive many FEGLI insurance coverage questions throughout the year. Especially from those working on their retirement paperwork and require coverage clarifications. One subscriber recently asked if FEGLI is considered term insurance, if so, does the term […]
Tags: Federal Employee Benefits, FEGLI, Insurance
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