Posted on Sunday, 16th May 2021 by Dennis Damp
Would you like a secure government backed investment that currently yields 3.54%? If so, consider buying U.S. Series I Bonds. They are paying this rate from May of this year through November. The previous six-month rate was 1.6%, well above what banks were offering for CDs at the time. With inflation on the horizon, due […]
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| Comments (0)Posted on Friday, 27th November 2020 by Dennis Damp
There were a lot of questions concerning the new Medicare Advantage (MA) plans that we reviewed in my previous article. I recently ran a comparison of the Aetna MA (Z26) Plan to GEHA’s Standard (316) Plan and Blue Cross & Blue Shield’s (BCBS) Basic (113) Plans using OPM’s FEHB Plan Comparison Tool and Checkbook’s Guide […]
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Posted on Tuesday, 13th October 2020 by Dennis Damp
I reported in mid-September that the 2021 COLA was projected to be anywhere from .44% to as high as 1.2% according to Kiplinger’s. The Social Security Administration announced a 1.3% COLA increase on October 13th for 2020. CSRS and FERS annuitants will receive the full 1.3% this year. View the table of all COLAs from […]
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Posted on Thursday, 23rd July 2020 by Shawn McCoy
Office of Personnel Management Announces 60 Day Period for Changes to Flexible Spending Accounts (FSAFEDS) To assist with the nation’s response to the COVID-19 pandemic, Internal Revenue Service (IRS) Notice 2020-291 provides increased flexibility with regard to mid-year elections under Section 125 cafeteria plans related to employer-sponsored health coverage, health Flexible Spending Arrangements (health FSAs), […]
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| Comments (0)Posted on Thursday, 18th June 2020 by Dennis Damp
[Note to Reader: I recently completed a memoir of my early years and the following two paragraphs are excerpted, with slight modification, from the epilog.] “Time and circumstance separate us from our early roots, and for most, life in the moment overshadows those early experiences, relegating them to the remotest corners of our mind. However, […]
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| Comments (0)Posted on Friday, 17th April 2020 by Dennis Damp
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is providing support for those most impacted by the pandemic. Congress passed the Act last month and one of the key provisions is providing for Economic Impact Payments to American households. Payment of up to $1,200 per adult for individuals whose income was less than $99,000 […]
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Posted on Friday, 21st June 2019 by Dennis Damp
I receive many queries from FERS employees asking the question; When can I retire? They aren’t sure what they would be entitled to and when they can start collecting their pension. A number of options are available depending on your years of service and age at the time you wish to leave. Request a Personalized […]
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| Comments (0)Posted on Sunday, 26th May 2019 by Dennis Damp
This December I’ll be retired 15 years! Seems like yesterday when I walked out the door with my good friend Nick Trush. The two of us returned to Pittsburgh’s Air Traffic Control Tower a number of times over the years to catch up with old friends. The ability to retire at 55 is a huge […]
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