Posted on Saturday, 28th June 2014 by Dennis Damp

(Updated 2/17/2022) This article covers Life events that allow employees and annuitants to make FEGLI coverage changes.  It’s important to be aware of these life event options otherwise you may lose out on important family coverage.  Employees also have the ability during a life event change to increase their coverage.

Retirees are only able to change FEGLI beneficiaries, they can’t add family members or elect expanded coverage.  However, retirees can make significant changes to their benefits for life events. They can add a new spouse and children to their FEHB program and annuitants can elect to provide a survivor annuity for a new spouse if they do it within the required time period.  For more information on retiree life event changes read my article titled Qualifying Life Events, Don’t Lose Your Benefits.

An employee may elect Basic, Option A, B and/or C insurance within 60 days following a FEGLI qualifying life event. These events are: marriage, divorce, spouse’s death, or the adoption of an eligible child. For option B and C, employees may elect up to 5 multiples based on the life event.  You have 31 days before the event to 60 days after the event to make changes. After that you must wait for an open season and they are few and far between for the FEGLI program.

A child’s eligibility for Option C benefits ends once he/she reaches age 22, unless he/she is incapable of self-support because of a mental or physical disability that existed before the child reached age 22. Please refer to the FEGLI Handbook for more information.

Federal employees that marry can add family coverage for  FEGLI and FEHB coverage within the time period mentioned above. If you don’t elect FEGLI life insurance coverage for your new spouse and children you will only be able to add coverage if an open season is announced. They seldom offer FEGLI open seasons. However, if you neglect to add a spouse and your children to your FEHB health insurance program when you first marry, within the 31 days before to 60 day period after the event, you can always add them to your health plans during the next annual open season.

All federal employees experiencing a life event, no matter where they are at in their career, need to evaluate their insurance needs and  fully understand benefits options. This is an ideal time to review and increase your coverage if needed and to obtain life insurance for a spouse and qualifying children. No physicals are required for life event changes.

If the spouse is under 35 the cost for Option C family coverage FEGLI is only 43 cents monthly; your spouse receives $5,000 life insurance coverage and each child $2,500. You can elect up to 5 multiples which provides $25,000 spousal coverage and $12,500 for each child. The total cost to you for the five multiples under age 35 is only $2.15 monthly! The cost of Option C increases with age, review the employee FEGLI rates to determine your costs.  The same 5 multiple coverage for a 60 to 64 year old would be $26.35 a month. When you retire at age 65 you can elect either full reduction or no reduction for Option C coverage.

Learn more about your benefits,  employment, and financial planning issues on our site and visit our Blog frequently at https://fedretire.net to read all forum articles.

• Retirement Planning Guide
• 2023 Leave Record & Scheduling Spreadsheet
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.)

The information provided may not cover all aspect of unique or special circumstances, federal regulations, and financial information is subject to change. To ensure the accuracy of this information, contact your benefits coordinator and ask them to review your official personnel file and circumstances concerning this issue. Retirees can contact the OPM retirement center. Our article is not intended nor should it be considered investment advice and our articles and replies are time sensitive.

Over time, various dynamic economic factors relied upon as a basis for this article may change. The advice and strategies contained herein may not be suitable for your situation and this service is not affiliated with OPM or any federal entity. You should consult with a financial or human resource professional where appropriate. Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in BENEFITS / INSURANCE, EMPLOYMENT OPTIONS, LIFESTYLE / TRAVEL, RETIREMENT CONCERNS

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Posted on Friday, 20th June 2014 by Dennis Damp

My last column discussed Basic FEGLI coverage and how to evaluate your insurance needs. This article will discuss options A, B, and C and part 3 of this series will discuss changes you may wish to make with certain life events.  If you are approaching retirement print these articles to help you decide on options when you fill out your retirement forms.  You can only elect FEGLI optional insurance when you are first employed, after an authorized life event, or during one of the rare open seasons that OPM schedules. Basic FEGLI coverage is automatic when you are first selected for federal employment.

Part A Standard coverage is a flat $10,000 with an additional $10,000 accidental death coverage if you are under 45. The premiums increase with age however they are relatively low.  Most who elect Option A keep it in retirement because at age 65 it’s free like Basic coverage.  The maximum cost for an annuitant under age 65 is currently $13 a month.  At age 65 the insurance reduces 2 percent a month until the coverage decreases to $2,500. 

Part B increases you insurance coverage by multiples of your salary, from 1 to 5, and the FEGLI Part B premiums  increase dramatically with age. This coverage becomes very expensive in retirement and many approaching retirement either drop, reduce their multiples, or seek lower cost private term insurance if needed.  The younger you are when applying for term coverage the lower your premiums  so it makes sense to look for Part B alternatives long before you retire.  In Part 1 of this series Larry, a federal retiree, was facing Part B premiums of $10,000 a year to retain his 5 multiples at age 65. That same coverage would have increased to $20,000 a year at age 70! Not many retirees on a fixed income can afford to pay high premiums like this.  If you assessed your insurance needs and decide to retain significant  insurance coverage in retirement it may be beneficial to look for lower cost alternatives.  

You may not have the option to convert your coverage to a private insurer if you have preexisting medical conditions. In this case many are trapped into keeping high cost multiples. Don’t let this happen to you. If you determine you need to maintain Part B coverage after a thorough needs assessment seek out alternatives early, long before you retire.  Whenever I look for insurance coverage or contractor services I always obtain multiple bids from reputable companies. It’s important to read the fine print before sighing any contract.

I was looking for lower cost home owners insurance recently and did find one company that offered coverage at half of what I was paying. After a thorough review of the low bidders proposal I discovered that many things were not covered, such as sewer back up and water damage from broken pipes, and I kept my current coverage . However, before signing up again with the same company I reviewed the policy online with customer service and determined that they had misclassified  our home.  We ended up getting a $500 rebate and a significant premium reduction.  It pays to question companies when things don’t seem quite right.    

Part C is family and dependent coverage and you can elect up to 5 multiples as well.Family coverage includes $5,000 for a spouse and $2,500 for each child under age 22 in your household. You can elect up to 5 multiples and the premiums adjust as you age. When you retire you can elect either a full reduction benefit or no reduction.

If you elect full reduction your multiple coverage will stay in force until you reach age 65. At age 65 the premiums stop and your coverage reduces 2% a month for 50 months when coverage ends. The premium costs per multiple ranges from 48 cents per multiple at age 35 to $14.30 per multiple from age 80 and up. If you don’t have private insurance for your spouse this coverage will fill the gap. Three multiples would cost a person between the ages of 60 to 64 $17.55 a month ($5.85 per multiple) for $15,000 in coverage. From 65 to 69 the cost increases to $20.40. 

Final Thoughts

After retirement you can’t increase coverage, you can only reduce your coverage. If you remotely think you or your spouse will need insurance it’s best to elect that coverage now and if you run into a bind down the road you can always reduce multiples or certain options altogether if desired. If you do decided to obtain quotes from private insurance companies for Part B alternatives consider keeping your Basic, Part A and C options. They may try to talk you into dropping all of your FEGLI coverage and they can be convincing. From my perspective the FEGLI insurance costs for Basic, A, and C are reasonable and depending on what you elect in retirement two of the three are FREE when you reach age 65. They stopped taking premiums out of my annuity in June of this year for my Basic since I elected the 75% reduction when I retired in 2004. I’m now officially 65!

Updates:

For those planning on retiring in 2014 and 2015 now is a good time to evaluate the best dates for you to leave. You have to consider your annual and sick leave balances and so much more.  We have several informative articles available on this subject including a link to Tammy Flanagan’s article titled “Best Date to Retire in 2015.”  Review this information before you settle on a date to maximize your annuity and lump sum payment.

Learn more about your benefits,  employment, and financial planning issues on our site and visit our Blog frequently at https://fedretire.net to read all forum articles.

• Retirement Planning Guide
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.)

Visit our other informative sites

• Federal Government Jobs & Career Center
• FREE Federal Employee’s Retirement Planning Guide
  • Federal Retiree Job Opportunities
  • Federal Employee & Retiree BLOG
• Federal Employee’s Career Development & IDP Center

The information provided may not cover all aspect of unique or special circumstances, federal regulations, and financial information is subject to change. To ensure the accuracy of this information, contact your benefits coordinator and ask them to review your official personnel file and circumstances concerning this issue. Retirees can contact the OPM retirement center. Our article is not intended nor should it be considered investment advice and our articles and replies are time sensitive. Over time, various dynamic economic factors relied upon as a basis for this article may change. The advice and strategies contained herein may not be suitable for your situation and this service is not affiliated with OPM or any federal entity. You should consult with a financial or human resource professional where appropriate. Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in BENEFITS / INSURANCE, ESTATE PLANNING, FINANCE / TIP, RETIREMENT CONCERNS

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Posted on Thursday, 12th June 2014 by Cynthia Compton-Conley

If you think you have a hearing loss and are now pondering whether or not you should buy hearing aids, take a few moments to read this article so that you are empowered with the information you need to obtain competent hearing health care. 

Finding a Competent Professional

The first thing you need to do is find a hearing health care professional who can do a comprehensive audiological evaluation (hearing test).   An audiologist is a healthcare professional specializing in identifying, diagnosing, treating and monitoring disorders of the auditory and vestibular system portions of the ear.  Audiologists also dispense hearing aids.  The other professional who can sell hearing aids is a hearing instrument specialist.  Both audiologists and hearing instrument specialists may work in private practice or work for big box stores like Costco.  Audiologists also may work for physicians specializing in the ear.  Audiologists should hold an AuD (Doctor of Audiology) Degree, which is a professional 4-year degree earned following an undergraduate degree.  Some audiologists may also hold a Ph.D.  In order to practice audiology in each state, audiologists must be licensed.

The Hearing Test

An audiological evaluation should include a battery of tests to determine the degree, configuration (shape) and type of hearing loss you have and whether or not you need to be referred to a physician for medical treatment.  There are many causes of hearing loss and it is important that serious medical issues be ruled out.  For more information on symptoms and causes of hearing loss, consult the Hearing Loss Association of America’s fact sheet.  Be sure that the office tests you in a calibrated sound booth for reliable testing.

In order to determine how much difficulty you experience listening in noise, an adaptive speech-in-noise test should be performed.  The QuickSin™ is fast and can also inform decisions on what type of technologies will best meet your needs.  For example, a good score on this test may indicate that hearing aids alone will help you in most situations.  A poor score may indicate that you need to be pairing hearing aids with wireless technologies in many of your day-to-day listening situations.  Inclusion of this test is considered a “best practice” and I would search for a profession who includes it in his or her battery of diagnostic tests.

Counseling/Needs Assessment

Once a medical condition is ruled out, then it’s time to talk about your hearing loss and what to do about it.  If the first thing you hear out of the professional’s mouth is “How much do you want to pay for hearing aids?”, then you should stand up, turn around, and head quickly for the nearest exit.  Why?  Because the first question that should be asked is “So are you having any hearing difficulties?  Tell me about them.”  Your hearing health care professional should focus on you as a whole person, not as a potential hearing aid buyer.   Thus, a comprehensive receptive communication needs assessment should be done that examines four universal receptive communication needs:

1.      FACE-TO-FACE:  We must be able to engage in face-to-face communication, whether in one-to-one situations or in groups.

2.      MEDIA:  We must be able to receive media on all platforms:  TV, radio, tablets, phablets, phones, movie theaters, etc.

3.      TELECOMMUNICATIONS:  We must be able to communication on the phone. This includes landline and mobile as well as teleconferences using phones and computer devices.

4.      ALERTING SIGNALS:  We also need to be aware of alerting signals such as the alarm clock, smoke alarm, baby cry, appliance signals, etc. 

All four needs may occur at home, at work and while out and about.  The role of the hearing health care professional is to ensure that you hear and comprehend in as many listening environments as possible.  Depending on your particular hearing loss and lifestyle, hearing aids alone may or may not meet all four needs in all situations.  Oftentimes hearing aids can be used along with hardwired and wireless accessories (known as assistive listening devices (ALDs) or hearing assistance technologies (HAT).  By combining these technologies, every single communication situation in your life can be made accessible.  To read more about HAT, you can read some tutorials I wrote for a website called SoundStrategy.

You might be wondering why hearing aids may need to be used with accessories.  Hearing aids are designed to make speech audible (and thus understandable), but they do this best at close distances.  In order to hear better in noise and amidst reverberation in larger rooms, the signal of interest (whatever it is that you want to hear) must be louder than the noise and/or reverberation.  So, you have two choices.  Move closer (which you cannot always do) or place a wireless microphone next to the talker, or plug a wireless transmitter into a TV, etc.  These wireless devices function like binoculars for the ears, picking up the signal of interest and broadcasting it across the room directly into your hearing aids. 

To learn more about how hearing loss and room acoustics impact communication and why hearing aids may or may not be enough, go to this link.

Hearing Aid Features

 When selecting hearing aids you have the choice of various models, but it is very important to be sure that the model you chose contains some key features.

 Directional Microphone

Directional microphones can improve your ability to understand in noise by reducing what you hear to the sides and behind you.  They work best when you are close to the sound source (“near-field” listening).  However, their effectiveness is reduced or eliminated if you get too far from the sound source (“far-field” listening) and/or are listening in a very reverberant room.   In these situations the hearing assistance technology (HAT) described above can be used along with your hearing aids.  There are other factors affecting directional microphone benefit.  To learn more, read this excellent blog by Jason Galster, Ph.D. 

Telecoil

Another helpful feature is a telecoil.  As shown in the illustration, a telecoil is a small sensor that is placed inside of the hearing aid (or implant) and used to pick up electromagnetic energy from hearing aid hearing aid compatible phones.  They also provide wireless access to large rooms that are equipped with loops, FM or infrared wireless listening devices.  These systems are mandated by the Americans with Disabilities Act (ADA) and can provide access to movie theaters, concerts, plays, meetings and even your own TV.  If your hearing aids do not have telecoils, then the only way to access large area wireless listening systems is to remove your hearing aids and use the receiver and earphones provided by the movie theater or other venue.  This may or may not be ideal.  To learn more, click here. 

Wireless Hearing Aids

Newer hearing aids contain wireless receivers that can be paired with wireless accessories from the same manufacturer.  For example, one brand of hearing aid can be ordered with a TV transmitter that allows you to hear a stereo TV signal in your hearing aids when you enter the room.  This same system can be ordered with a “spouse mic” that your significant other can clip to his or her lapel so that you can hear better in a car, restaurant, etc.  Multiple mics also can be used in meetings.  Some hearing aids can also be used with the iPhone, allowing phone calls and music to be sent to the hearing aids directly. 

Because of the existence of old and new technology side-by-side, it makes sense to include telecoils in your new hearing aids, even if they are wireless.  This way you can be guaranteed to have access to all existing technologies. 

Verification Is Key!

When fitting hearing aids, the hearing health care professional should ensure that the hearing aids chosen for you are working properly and are meeting well-researched fitting targets for audibility and comfort. 

When the audiologist or hearing aid dispenser purchases hearing aids from a manufacturer, the first thing he or she should do upon receiving the hearing aids is to measure their performance  in a hearing aid analyzer to verify that the hearing aids meet the manufacturer’s specifications. 

This is quality control, folks.

The next step is the programming of the hearing aids.  Each hearing aid is programmed using software provided by the manufacturer.  The hearing aid will be programmed according to your needs as determined by your hearing loss and certain fitting targets established by a large body of audiological research.  To determine if each hearing aid is meeting target, verification must be done.  This means that a small flexible microphone will be placed in your ear, first without the hearing aid inserted and then with it inserted.  This is the ONLY – I repeat – ONLY way to objectively determine what Sound Pressure Level (SPL) the hearing aid is delivering to your eardrum.  Without this Probe-Microphone Test (also called Real Ear), it’s anyone’s guess as to whether or not the hearing aid is adjusted properly.  Probe-microphone testing also provides a baseline for comparison when you return for adjustments and is also used to compare performance if your hearing aid malfunctions.  Before you make an appointment to be fitted with hearing aids, always ask if the hearing health care professional uses probe-mic (or real ear) testing to verify a hearing aid fitting.  If the answer is “no”, find another professional.  There is no excuse for not providing probe-mic measurement.  Period. 

After the hearing aids have been verified, you should be instructed in the care and use of the hearing aids.  This process should involve your significant other(s) as well.  The ultimate success of the hearing aid fitting may depend upon how much information you are able to recall from the orientation process so feel free to ask questions and take notes and call the office if you have any questions.  Remember, it’s all about YOU and your happiness.  A good service provider will be more than happy to help you through the process.   You should also ask for a formal report showing objective benefit achieved in quiet and in noise after the fitting.

Validation

Validation is where you and your audiologist or hearing aid dispenser judge whether or not the treatment goals have been achieved.  Oftentimes a questionnaire is given before and after the hearing aid fitting to see how many communication difficulties have been resolved and what else needs to be done, if anything, to improve your ability to hear in all situations of your life.   It is also the time to decide if you want to keep the hearing aids.  A popular questionnaire is called the COSI and you can read more about it here:  http://www.nal.gov.au/outcome-measures_tab_cosi.shtml

Make sure you understand the return and refund policy if you are not totally satisfied with your improved hearing/comprehension.  Beware of professionals who brush off your complaints with “Your brain will get used to the hearing aid…give it time.”  Yes, there may be an adjustment period, but if you feel something isn’t right, then it probably isn’t.  Have faith in your judgment and be assertive!  State laws require trial periods with hearing aids and money back guarantees.  However, if best practices are followed – i.e., your provider takes the time to listen to your concerns, verifies and validates, then most likely you will keep the hearing aids and may end up using them along with additional hearing assistance technologies to meet all four of your receptive communication needs. 

Training

Depending on the nature of your hearing loss, you may need additional training (called aural rehabilitation) to help you hear better with your new technology.  Some providers offer this training in a group or individually.  You may also want to inquire about LACE (Listening and Communication Enhancement) Auditory Training programs that retrain the brain to better comprehend speech in difficult listening situation such as noisy restaurants, rapid speakers, and competing speakers.  To learn more, visit this site:  http://www.neurotone.com/

Support: Hearing Loss Association of America (HLAA)

HLAA is the nation’s leading organization representing people with hearing loss.  HLAA provides assistance and resources that can help you and your family learn to adjust to living with a hearing loss.   HLAA has a major impact on communication access, public policy, public awareness, and service delivery related to hearing loss.  Their national office is located in Bethesda, Maryland and they also have state chapters around the country.  They are a great organization and I have volunteered for them for many years.  I currently consult for them on technology and training.  Check out their website and consider coming to their convention in Austin this June!  It’s always great fun.

Final Thoughts

We all deserve to have FULL receptive communication access – for a lifetime.  By employing a holistic systems-engineering approach that uses best practices to carefully assess your communication needs, only then can your hearing health care professional move forward to select, verify and validate appropriate technology.   Remember, need informs technology, not the other way around.  Finally, you want a professional who can also provide you with behavioral and environmental strategies that can be used along with your technology to help you achieve the full communication access you deserve.

Cynthia Compton-Conley Ph. D. is a Board Certified Doctor of Audiology, Professor of Audiology, Hearing Industry Consultant and Host of the Hearing Loss Help Forum. Dr.  Cynthia is a retired Professor of Audiology who taught in the graduate school at federally-funded Gallaudet University for 32 years and retired in the CSRS system.  In 2013 she founded Compton-Conley Consulting.

Learn more about your benefits, employment opportunities, and financial planning issues on our site and visit our blog frequently at https://fedretire.net to read all forum articles.

• Request a FREE Retirement Benefits Summary & Analysis from a local adviser. A sample analysis is available for your review. Includes projected annuity payments, income verses expenses, FEGLI, and TSP projections.

Helpful Retirement Planning Tools Distribute these FREE tools to others that are planning their retirement

• Retirement Planning Guide
• 2014 Leave Record & Scheduling Spreadsheet
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.

Visit our other informative sites:

• Federal Government Jobs & Career Center
• FREE Federal Employee’s Retirement Planning Guide
  • Federal Retiree Job Opportunities
  • Federal Employee & Retiree BLOG
• Federal Employee’s Career Development & IDP Center

Limits of Liability and Disclaimer of Warranty

We do not provide medical advice. This website and the information provided on this site are intended solely for consumer education. This website and its information services do not constitute the practice of medicine, nursing, or other professional health care practice and nothing contained in this website is or should be considered, or used as a substitute for, medical advice, diagnosis or treatment. Do not disregard, avoid or delay obtaining medical advice from your physician or other qualified health care provider because of something you have read on this website.  While the publisher and author have used their best efforts in providing information on hearing loss and associated hearing enhancement or hearing protection technology, they make no representations or warranties with respect to the accuracy or completeness of the content of this forum and Website, replies to site visitor questions, or prepared articles, and they specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. The advice and strategies contained herein may not be suitable for your situation. You should consult with a physician or audiologist where appropriate. Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in BENEFITS / INSURANCE, RETIREMENT CONCERNS, WELLNESS / HEALTH

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Posted on Sunday, 8th June 2014 by Dennis Damp

It’s  wise to evaluate your insurance needs before deciding on what  options you will carry into retirement and long before filling out your retirement forms.  Linda Sherman wrote an excellent article titled A Life Insurance Check-up: Assessing Your Insurance Needs that I recommend everyone read no matter where they are in their career; from new hire to those planning their retirement.  It will help you evaluate what your insurance needs are and then you can make prudent FEGLI election decisions.

What FEGLI insurance options to carry into retirement is a critical issue for employees planning their retirement. If you make the wrong decision you could either leave your family with burdensome debt down the road or negatively impact your monthly income for you and your spouse.

New hires and younger employees often take their FEGLI coverage for granted and put little thought into their coverage until late in their careers.  Typically, life insurance for the younger generation is the last thing on their minds. When approaching retirement this facet of our life takes on new meaning, especially for those who we will inevitably and eventually leave behind.

The younger generation also needs to ensure their spouse and children are protected throughout their young lives. FEGLI insurance costs are minimal early on in our careers and the Basic benefit offers multiplication factors for those under age 45.  If you are 35 and earning $75,000 a year, your Basic Coverage is $77,000, $2,000 over your annual base salary. At no additional cost your Basic coverage doubles to $154,000! The premium for this coverage is a meager $11.55 biweekly at age 35. A great deal by any standard.

FEGLI coverage, especially for option B, is extremely expensive as we age and if you have the full 5 multiples your monthly premiums could put a huge dent in your monthly annuity payment. Jeffery wrote to me about the high cost of his coverage.  When he was 64 and ready to retire his Part B premium was over $10,000 a year for the full 5 multiples. If he wanted to retain that same coverage at age 70 his premiums would have increased to $21,000 a year! Fortunately, he was in good health and obtained term life insurance at about half the cost from a private insurance company. Had he purchased the term life at an earlier age it would have cost him much less.

The amount of FEGLI insurance coverage that you need is determined by your personal situation. If your children are grown, have little long term debt, with sufficient income from your annuity, social security, and other savings to live comfortably, your insurance needs are much less than a couple with a dependent or disabled child living at home.  Linda’s article, that I mentioned earlier will help you decide on what coverage you will actually need based on your personal circumstances.

My personal opinion is that Basic coverage is well worth the cost and most should consider retaining it into retirement. It is a fixed cost and doesn’t increase with age like options A, B and C does.  Plus if you elect the 75% reduction at retirement when you turn 65 it is free and the full insurance amount decreases 2% a month until it drops to 25% of its original value.  You can elect to carry 50 or 100 percent of your Basic insurance into retirement however you will continue to pay a Basic Premium for that coverage for life.  Again, it all depends on how much coverage you need.  In my personal situation I obtained whole life coverage when I was still in my 20s and that insurance, along with the reduced FEGLI insurance, was more than sufficient for us.  Option A is also a good  choice because the premiums are minimal and it too is free after age 65.

The Nuts and Bolts of Option A, B and C FEGLI Coverage will be featured in Part 2 of this series.  In the meantime visit OPM’s excellent FEGLI calculator to determine the cost of your current options and how much it will cost to carry them into retirement. You have the option of reducing your Part B & C multiples and you can try different scenarios.

Retiree Employment Update

We updated our Retiree Jobs Center to include more relevant job searches. The searches are targeted and we improved our methods of searching national jobs boards for current vacancies.

Private companies, contractors, and  state government departments use our Retiree Jobs Board to hire skilled federal retirees for part and full time positions nationwide. You will find jobs ranging from general clerks, consulting, and sales positions, to security guards, bank tellers, engineers, IT specialists, client services, researchers, writers, and everything in between. Most are part time and you can tailor you hours to your routine.  Many opportunities exist for those looking to supplement their retirement income or to start a second career.  We provide this free job listing service to companies that are seeking to hire experienced retired federal workers.

I am personally looking for two retirees for part time consulting services. One from the federal sector and the second a retired Personnel Specialist familiar with the Postal Service recruiting system.  I need a federal manager/supervisor or HR Recruiting specialist with excellent writing skills to write articles for our new Federal Jobs Blog located at http://www.federaljobs.net/blog/. This blog is targeted to new federal sector hires.  If you know of a retiree that fits these descriptions forward them a copy of this newsletter or direct then to our jobs board.

New Hearing Loss Help Forum

I would like to welcome Cynthia Compton-Conley Ph.D., a Board Certified Doctor of Audiology, Professor of Audiology, and Hearing Industry Consultant to our new Hearing Loss Help Forum.  She is a retired Professor of Audiology who taught in the graduate school at federally-funded Gallaudet University for 32 years and retired in the CSRS system.  She will be hosting this new forum starting this month and her  first article will be published shortly with many more to come. Anyone experiencing hearing loss will benefit from her many years of experience.  You will all receive her first article, How to Manage Your Own Hearing Health Care,  Monday June 16th. It is so informative that I would be remiss in not sending it to the entire newsletter subscriber list.  If you wish to receive her articles in the future just click on “update Profile / Email Address” at the bottom of next week’s  email message and you will be able to add Cynthia’s “Hearing Loss Help” articles to your mailing list.

Learn more about your benefits,  employment, and financial planning issues on our site and visit our Blog frequently at https://fedretire.net to read all forum articles.

• Request a Retirement Benefits Summary & Analysis from a local adviser. Includes projected annuity payments, income verses expenses, FEGLI, and TSP projections.

• Retirement Planning Guide
• 2014 Leave Record & Scheduling Spreadsheet
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.)

Visit our other informative sites

• Federal Government Jobs & Career Center
• FREE Federal Employee’s Retirement Planning Guide
  • Federal Retiree Job Opportunities
  • Federal Employee & Retiree BLOG
• Federal Employee’s Career Development & IDP Center

The information provided may not cover all aspect of unique or special circumstances, federal regulations, and financial information is subject to change. To ensure the accuracy of this information, contact your benefits coordinator and ask them to review your official personnel file and circumstances concerning this issue. Retirees can contact the OPM retirement center. Our article is not intended nor should it be considered investment advice and our articles and replies are time sensitive. Over time, various dynamic economic factors relied upon as a basis for this article may change. The advice and strategies contained herein may not be suitable for your situation and this service is not affiliated with OPM or any federal entity. You should consult with a financial or human resource professional where appropriate. Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in BENEFITS / INSURANCE, RETIREMENT CONCERNS, SOCIAL SECURITY / MEDICARE, SURVIVOR INFORMATION

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Posted on Saturday, 24th May 2014 by Dennis Damp

Many approaching retirement and retirees alike express regret at how fast technology is changing our lives.  They recall the days, not too long ago, when we were not a connected society with instant messaging, cell phones, and computerized everything. It’s amazing just how far we’ve gone in such a short time and how our lives are so dependent on computers of every stripe. The younger generations have grown up with this technology, with its ever changing landscape, and accept it without pause.

I was at our local bank awhile back when their computer system crashed.  I wasn’t able to make a deposit, get cash or even access my safety deposit box! This is systemic with most businesses today and when a computer system fails that sector shuts down and comes to a dead stop.   

Back in the 1960s, 70s, and much of the 80s we had passbook bank accounts and even when power went out local banks could still make book entries and cash checks with money on hand.  Most stock transactions were made by phone and online shopping was nonexistent.  Many things were handwritten, manually filed, and accountants had a field day working through detailed ledgers to balance the books, especially for small businesses. We needed a lot more workers back then to complete the manual data entry and so forth.  

This past winter presented another challenge; a potential power grid failure. With so many coal fired plants taken offline recently due to environmental regulations we came close to exceeding our supply and without power everything grinds to a stop.  Recently, a local electric provider announced a 50% increase in premiums for the next 12 months because they had to pay high prices to electricity suppliers over the winter and they could hardly keep up with demand.

I’m sure our grandparents felt the same way when the telephone, radio, cars, and transportation changes were up and coming in 1900. They probably felt intimidated by all of the changes and had similar reservations.  Regardless, I still feel we are more vulnerable today than ever because of our complete reliance on computers. I wouldn’t be so concerned if we had manual backup systems to handle major power grid and computer system failures.  For example, if there was ever an Electro Magnetic Pulse (EMP) event from manmade or natural causes our computer dependent society including our cars, power grid, etc would be compromised and some estimate it could take years to restore power across the country.  

All that being said I’m hooked on new technology and life is so much easier with it if we embrace it and take the time to understand and use it. For example, I pay all of our bills online,  change cable TV channels, search TV listings, visit internet sites, and follow stocks on my iPhone.  Some newer hearing aids also offer pairing to your iPhone to answer calls, adjust sensitivity, and change programs.

The iPhone and iPad along with Face Book are fun ways to keep up with family and friends. Our son, daughter-in-law, and daughter frequently send photos, videos, and messages to keep us up-to-date with what is going on in their lives and we can follow our grandchild through all of his hilarious antics.

I use GPS when we travel and it makes trips so much more relaxing now that a friendly voice prompts you to take the shortest route and the right turns to your destination.  If you get lost on a day trip just press home on your GPS and it takes you there and when you run into a traffic jam you can select an alternate route around the problem.  My wife and I also enjoy all that SIRIUS XM radio offers and while traveling we listen to news, CNBC, talk radio, plus explore hundreds of channels loaded with music from the 50s, 60s, 70s, and more.  Due to computer components our cars are more reliable, burn less gas, and now are equipment with collision avoidance RADAR and soon will take us to our destination with the computer behind the wheel so to speak!

There are pros and cons to everything and unlike our ancestors the changes are coming faster than most can possibly keep up with. All we can do is adjust as best we can and enjoy the ride.   

Learn more about your benefits,  employment, and financial planning issues on our site and visit our Blog frequently at https://fedretire.net to read all forum articles.

• Request a Retirement Benefits Summary & Analysis from a local adviser. Includes projected annuity payments, income verses expenses, FEGLI, and TSP projections.

• Retirement Planning Guide
• 2014 Leave Record & Scheduling Spreadsheet
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.)

Visit our other informative sites

• Federal Government Jobs & Career Center
• FREE Federal Employee’s Retirement Planning Guide
  • Federal Retiree Job Opportunities
  • Federal Employee & Retiree BLOG
• Federal Employee’s Career Development & IDP Center

The information provided may not cover all aspect of unique or special circumstances, federal regulations, and financial information is subject to change. To ensure the accuracy of this information, contact your benefits coordinator and ask them to review your official personnel file and circumstances concerning this issue. Retirees can contact the OPM retirement center. Our article is not intended nor should it be considered investment advice and our articles and replies are time sensitive. Over time, various dynamic economic factors relied upon as a basis for this article may change. The advice and strategies contained herein may not be suitable for your situation and this service is not affiliated with OPM or any federal entity. You should consult with a financial or human resource professional where appropriate. Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in LIFESTYLE / TRAVEL, RETIREMENT CONCERNS

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Posted on Friday, 9th May 2014 by Dennis Damp

Turning 65 often proves to be a pivotal year for retirees.  I’ll be 65 next month and discovered many tasks await us at this juncture in our lives. There are many things to consider and first and foremost I’m grateful that I made it to this milestone; many don’t, including my parents and grandparents on my father’s side. None of which lived long enough to collect Social Security.  

Starting this month my FEGLI is FREE and my monthly annuity payment will increase by the amount of my previous FEGLI premium. I elected the 75% reduction when I retired in 2005 and paid the monthly premiums for the past 10 years.  During those 10 years I retained full coverage that equaled my base pay plus $2,000. Over the next 36 months or so the coverage drops 2% per month until it reaches 25% of the original value.

Speaking of free, in the previous article I discussed final arrangements and talked about the veteran’s National Cemetery burial benefit. My wife and I finalized our plans and decided to take advantage of this program which can save veterans and their spouses close to $10,000 in burial costs.  Two of my cousins, my brother, and other family members and friends will eventually be there as well. Of course I hope that my heirs won’t be able to take advantage of this benefit for many years to come. I at least wrote down our wishes and checked off another item on my to-do list. Strangely enough my to-do list never seems to get smaller even though I keep checking off item after item. I suppose that’s a good thing, adding new actions that need to be done, proving that I’m not content to just sit on the sideline.

Medicare is the next item on my list. You have a 7 month window starting three months before your 65^th birthday to apply without a penalty. I decided to apply in the 7^th month because I converted one of our retirement accounts to a ROTH two years ago. Social Security obtains your Modified Adjusted Gross Income (MAGI) from the IRS each year. The problem is that Social Security’s information can be from income tax returns that are up to two years old. If I wait until August Social Security may have updated income figures from the IRS. Your part B premiums are based on your (MAGI) and they can more than double if you don’t time ROTH conversions, TSP withdrawals, and/or capital gains properly.

If you apply for Medicare and your Part B premium is based on a higher MAGI you can file a Medicare Income Adjustment SSA-44 form. This form allows you to submit recent tax returns and other documentation that support a lower income than Social Security estimated.  Another reason for the delay on my part is that it takes about 2 months from the date you apply for Medicare to go into effect. Therefore I’ll save about 5 to 6 months worth of Part B premiums. Our FEHB plan will remain primary until Medicare kicks in. I debated for months whether or not to apply for Part B and after much research and thought decided it made sense for me and my family.  The vast majority of retirees elect Part B and for good reason.  Review my Medicare and Part B article for additional information on this subject. NARFE members can also visit the NARFE web site and read Tammy Flanagan’s excellent article on this subject. 

The good thing about turning 65 is that I turned 65 and that my wife and I are still able to do pretty much what we like to do, with limitations of course.  The bad and inevitable part is that I still think I’m in my forties when it comes to projects and I frequently bit off more than I can now chew. For example, I love to work on home projects and over the years I’ve landscaped 5 properties planting hundreds of trees and shrubs plus built patios, decks, room editions, and so much more. Now, after three hernia surgical repairs and knee surgery I can’t physically take on those projects anymore without contracting much of it out.  Inevitable, YES but the good thing is that I can still do the planning but now have to pay someone else to do the work I use to enjoy.  Such is life.  

Learn more about your benefits,  employment, and financial planning issues on our site and visit our Blog frequently at https://fedretire.net to read all forum articles.

• Request a Retirement Benefits Summary & Analysis from a local adviser. Includes projected annuity payments, income verses expenses, FEGLI, and TSP projections.

• Retirement Planning Guide
• 2014 Leave Record & Scheduling Spreadsheet
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.)

Visit our other informative sites

• Federal Government Jobs & Career Center
• FREE Federal Employee’s Retirement Planning Guide
  • Federal Retiree Job Opportunities
  • Federal Employee & Retiree BLOG
• Federal Employee’s Career Development & IDP Center

The information provided may not cover all aspect of unique or special circumstances, federal regulations, and financial information is subject to change. To ensure the accuracy of this information, contact your benefits coordinator and ask them to review your official personnel file and circumstances concerning this issue. Retirees can contact the OPM retirement center. Our article is not intended nor should it be considered investment advice and our articles and replies are time sensitive. Over time, various dynamic economic factors relied upon as a basis for this article may change. The advice and strategies contained herein may not be suitable for your situation and this service is not affiliated with OPM or any federal entity. You should consult with a financial or human resource professional where appropriate. Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in BENEFITS / INSURANCE, ESTATE PLANNING, FINANCE / TIP, RETIREMENT CONCERNS, SOCIAL SECURITY / MEDICARE, SURVIVOR INFORMATION

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Posted on Friday, 25th April 2014 by Dennis Damp

Updated 2/20/2024

My Aunt Pauline and Uncle Jack preplanned their final arrangements in their early 50s. Uncle Jack had several major heart attacks in his mid 40s and thought for sure he would be the first one to go.  He lived to 81 and my aunt passed away a year before he died. They purchased graves and had the headstone placed on the graves and engraved with their names and birth dates.

When my aunt passed first the cemetery had a stone mason add the date.  After Uncle Jack died, he was a world war II veteran, I contacted the VA and had a military marker placed at the foot of his grave. I think My aunt and Uncle would have appreciated that.

National Cemeteries

If you or your spouse is a veteran both of you can be buried at a national cemetery. The government pays for the cost of the grave and internment. Your local funeral director will assist with the arrangements. My cousin’s husband was buried at the National Cemetery in Washington County PA and the grounds are beautifully maintained in a quiet country setting.

Veteran’s burial benefits include a gravesite and vault in any of our 131 national cemeteries with available space, opening and closing of the grave, perpetual care, a Government headstone or marker, a burial flag, and a Presidential Memorial Certificate, at no cost to the family.

Cremated remains are buried or interned in national cemeteries in the same manner and with the same honors as casketed remains.

Burial benefits available for spouses and dependents buried in a national cemetery include burial with the Veteran, perpetual care, and the spouse or dependents name and date of birth and death will be inscribed on the Veteran’s headstone, at no cost to the family. Eligible spouses and dependents may be buried, even if they predecease the Veteran.

Options / Price Comparisons

To compare costs, I visited several cemeteries in the area to obtain quotes for two graves, vaults, and internment fees. Prices for these items ranged from a low of $9,000 to $14,870 in 2014 not counting funeral arrangements and headstones. Prices are higher in 2024 and closer to $13,500 to $20,000. Two can be interned in one grave with a deeper vault.

We first visited our local funeral home in February of 2017 and the price for their services including casket, embalming, hearse, a short religious service at the home, with a half day viewing was $7,745 per person. When I went back on August of 2023 the price increased to $9,995. A 23 percent increase over a five-year period.

The majority of the increase was the cost of the casket, it increased from $2,565 to $3,730! I just may have to order our caskets from Costco and store them in our basement, just kidding!

Adding the grave site and funeral services together for a couple is an astounding $30,000 to $40,000 for two burials depending on the options you choose! You can see why veteran’s frequently select the national cemetery option which reduces their final arrangement costs appreciably.

Cremation

Cremation is generally less expensive; However, cremation costs can be high depending on how it is arranged. For example, embalming may be required for extended viewings unless you elect to do the cremation before the viewing and simply display the urn.

A grave or niche may be needed  for cremated remains while others spread the ashes of a loved one at a location that held special meaning for the deceased.

The Process

Executors or trustees of an estate would follow your final arrangement plans at the time of death. It makes things much easier if they have your detailed final arrangement plans that identify the services and burial location desired. It makes sense to purchase the grave site or crypt ahead of time, arrange for funeral service’s insurance or meet with a local funeral home to set up a plan for when the time comes.

At a minimum, prepare a list of your wishes. The goal is to have a plan showing where you wish to be buried, data collected that will be needed by the funeral home for the death certificate and notices, the desired ceremony, viewings, grave site, and funds either set aside or prepaid.

I originally prepared our wills, powers of attorney using WillMaker Plus by Intuit.  This software package offers a detailed final arrangement document that you can keep with you wills and other documents.

I met with a local funeral home and selected the services desired and they kept a copy for their records. When the time comes our family would contact them to set everything we preplanned into motion.

Plan Contents

Most funeral homes will provide final arrangement booklets or forms for you to use and many funeral directors will maintain a copy on file for your heirs. Another option is to complete a basic plan by outlining the following areas for each party and adding it to your estate plan and paperwork:

• Personal Information (Address, occupation, schools attended, Military Service, and organizations that you belong to) for you and your spouse.
• Veterans must have a copy of their DD-214 discharge paperwork if they decide to take advantage of the national cemetery option. To obtain a copy of your DD-214 form visit the National Archive site to request a copy online , by mail or fax. You can Fax a SF-180 form to them at 314-801-9195. For those without internet access call their customer service center at 1-866-272-6272 for assistance. They can send the forms.
• Family information (Parents names, addresses and birthdates,  including your mother’s maiden name, brothers, and sisters)
• Other Relatives and Friends (Relationship, names, addresses, and phone numbers)
• Emergency Contacts
• Organization Affiliations
• Insurance Policies
• Cemetery Arrangements (Location, contact number, etc.)
• Final Arrangements (Church, funeral home preference, and specifics such as casket, flowers, organist, clothing, etc.)

I reviewed an excellent book on this subject titled Ahead of Your Time, A complete Guide to End-of-Life Planning several years ago that you may find helpful.  It is still available, easy to read and only 100 pages of which 30 are devoted to entering the information needed for your personal plan.

Our Decision

We were considering burial at the local national cemetery, it is about 20 miles from our home, or purchasing a crypt at a local cemetery mausoleum just three miles down the road and not far from our church. The cost for a mausoleum crypt is about on par with a standard in-ground burial. For example, you don’t need a vault or headstone and the headstone alone for a standard grave can cost from $2,000 to $8,000 or more.

One note of caution, when I said that burial in a mausoleum can be less expensive that holds true generally if you purchase it ahead of time. They offer a considerable preplanning price reductions as an incentive to purchase ahead of time. In our case the preplanning cost savings were $3,700. We decided to pay for the local crypt.

Summary

If you decide to take advantage of the veteran’s burial benefit review the funeral director’s proposal carefully. Most funeral directors have standard packages prepared and may inadvertently have charges in the proposal that would not be required for burial at a national cemetery.  For example, most funeral packages include the vault and other grave site services. Make sure these charges are not included.

I believe most tend to put final arrangements off as long as possible and for me it was about time to settle on our “forever home.” The cost of the crypt we purchased was paid off in 7 years through a no interest loan, one we couldn’t pass up.

Review Part 1 of this series if you missed it when first posted.

Helpful Retirement Planning Tools Distribute these FREE tools to others that are planning their retirement

• Retirement Planning Guide
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.)

The information provided may not cover all aspect of unique or special circumstances, federal regulations, and financial information is subject to change. To ensure the accuracy of this information, contact your benefits coordinator and ask them to review your official personnel file and circumstances concerning this issue. Retirees can contact the OPM retirement center.

Over time, various dynamic economic factors relied upon as a basis for this article may change. The advice and strategies contained herein may not be suitable for your situation and this service is not affiliated with OPM or any federal entity. You should consult with a financial or human resource professional where appropriate.

Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in ANNUITIES / ELIGIBILITY, ESTATE PLANNING, FINANCE / TIP, RETIREMENT CONCERNS, SOCIAL SECURITY / MEDICARE

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Posted on Wednesday, 9th April 2014 by Dennis Damp

Updated 2/20/2024

The first part of this series discusses how to ensure your heirs receive what you intended and Social Security’s death and survivor benefits. Part 2 will discuss pre-planning steps that will assist the surviving spouse and children navigate the many challenges that arise when a loved one dies.

The subject matter may seem uninviting but I can assure you that your surviving family members will appreciate your efforts and they will be far less stressed when the inevitable happens. By developing a simple outline of you and your spouse’s preferences now, you can smooth the way for your loved ones even in death.

Establishing the Plan

When I was scheduled for surgery, I updated our survivor’s binder and estate plans for the third time since retiring. This time around I felt it necessary, for the first time, to research and establish our final arrangements.

You often hear horror stories about ex-spouses receiving estate assets because the deceased neglected to update beneficiary forms and gieving survivors are often talked into unnecessary and expensive funeral arrangements. We are all caught off guard when a loved one dies so why not take care of these issues ahead of time.

The Earlier the Better

Gregory, an engineer in his mid 30s, passed away while working at our office back in the 1980s and his wife had considerable difficulty collecting his benefits because he neglected to update his beneficiary forms after they married. We worked with his wife to help her as best we could.

A HR specialist, with first-hand experience in these matters, advised me that “every year we have a spouse and/or children who do not receive certain benefits because the employee failed to update the beneficiaries.”  Everyone should verify that their beneficiary forms are up-to-date or submit a new form to ensure your heirs receive what you intended.

Much of your estate and  assets won’t pass to your heirs through your will.  Assets such as  IRAs, life insurance policies, and annuities including bank accounts that you designated payable or transfer-on-death are distributed to named beneficiaries. If beneficiaries aren’t listed, assets are distributed according to the Federal Order of Precedence.

It’s a good practice to review your beneficiary forms and designations periodically and especially after you marry, get a divorce, and after a child’s birth or the death of a family member.

Other Considerations

Besides a surviving spouse’s annuity and FEGLI insurance payments there are other survivor and death benefits available from Social Security. A surviving spouse or child may receive a special lump-sum death payment of $255 if they meet certain requirements.

Generally, the lump-sum is paid to the surviving spouse who was living in the same household with the employee or annuitant when he or she died. Survivors must apply for this payment within two years of the date of death.

When you die, certain members of your family may be eligible for Social Security survivors benefits. These include widows, widowers (and divorced widows and widowers), children and dependent parents. Your widow or widower may be able to receive the deceased’s full benefit at their full retirement age. The full retirement age for survivors is age 66 for people born in 1945-1956 and will gradually increase to age 67 for people born in 1962 or later.

Reduced widow or widower benefits can be received as early as age 60. If your surviving spouse is disabled, benefits can begin as early as age 50.

Part 2 of this series will discuss final funeral and burial arrangement costs and options. I’m presently preparing our plan and there are many things to consider.  The key is a written plan that outlines your  wishes and you can be as detailed as desired.  I’ll also discuss the National Cemeteries in the next article. Veterans and their spouses are eligible for free burial and internment at 131 cemeteries nationwide.

Helpful Retirement Planning Tools Distribute these FREE tools to others that are planning their retirement

• Retirement Planning Guide
• How to be Emotionally and Physically Prepared When You Retire
• How to be Financially Prepared When You Retire
• Master Retiree Contact List (Important contact numbers and information)
• Survivor’s Guide
• Estate Planning Guide (An 11 part series that will help readers prepare for retirement, understand basic estate planning techniques, and compile their personal “Survivor’s Guide” binder.)

The information provided may not cover all aspect of unique or special circumstances, federal regulations, and financial information is subject to change. To ensure the accuracy of this information, contact your benefits coordinator and ask them to review your official personnel file and circumstances concerning this issue. Retirees can contact the OPM retirement center. 

Over time, various dynamic economic factors relied upon as a basis for this article may change. The advice and strategies contained herein may not be suitable for your situation and this service is not affiliated with OPM or any federal entity. You should consult with a financial or human resource professional where appropriate. Neither the publisher or author shall be liable for any loss or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Posted in BENEFITS / INSURANCE, ESTATE PLANNING, LIFESTYLE / TRAVEL, RETIREMENT CONCERNS, SOCIAL SECURITY / MEDICARE, SURVIVOR INFORMATION

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