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The End to the Silver Script Madness – News Flash

Posted on Saturday, 7th February 2026 by Dennis Damp

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Many, if not most, FEHB providers now offer Medicare-eligible individuals a Prescription Drug Plan (PDP) through the Employer Group Waiver Plan (EGWP). All GEHA standard and high plan retirees with Medicare Parts A and B, who live in the United States, are eligible for a PDP/EGWP prescription plan through SilverScript. GEHA offered this for the […]

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The Federal Workforce Data (FWD) Release – OPM Update

Posted on Friday, 23rd January 2026 by Dennis Damp

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I often refer to OPM’s statistics for my retirement planning articles, and OPM’s new FWD website allows anyone to review these statistics in a pleasing graphical presentation that was not available under the legacy system. Actually, you will find a lot of interesting information readily available on this site. The new Federal Workforce Data (FWD) […]

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Savings Bond Calculator & Treasury Direct Inefficiencies!

Posted on Thursday, 15th January 2026 by Dennis Damp

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When inflation raised its ugly head in May of 2022, I-Savings bonds were paying 9.62%. Many purchased these bonds to partially offset the near-zero interest rates they earned on their fixed income over the past decade. It is easy to set up an account, and currently, the I-Bond yield is 4.03%, including a .90% fixed […]

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Long Term Care Insurance – Future Purchase Option

Posted on Friday, 12th December 2025 by Dennis Damp

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My wife and I enrolled in the Federal Long Term Care Insurance Program’s Future Purchase Option when it was first offered in the early 2000s. Our monthly premium for Mary was $35.59, and I was paying $37.98 for 5 years of coverage with a maximum lifetime benefit of $228,125. The daily benefit amount was $125. […]

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I Rolled Over My TSP Account to an IRA – Should You?

Posted on Friday, 21st November 2025 by Dennis Damp

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I rolled over my traditional Thrift Savings Plan (TSP) to my personal Fidelity IRA last month. The TSP was established in 1987 concurrent with the Federal Employees Retirement System (FERS), and I retired in 2004 under the Civil Service Retirement System (CSRS), leaving me only 17 years to fund my TSP. There were many factors […]

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Government Shutdown Continues – Suffering the Consequences

Posted on Wednesday, 15th October 2025 by Dennis Damp

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After nine votes, the Senate has not been able to pass a clean spending bill, even though three Senators crossed party lines to support the bill. Six more are needed to meet the 60-vote threshold. Many are reporting that this shutdown could exceed the 35-day shutdown of 2019! This political brinkmanship must stop; too many […]

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Health Care Premiums Announced for 2026 – Hold on to your Hat!

Posted on Monday, 13th October 2025 by Dennis Damp

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Another year, another round of premium hikes for our health care. Yes, they did it again with an average increase of 10% for the FEHB program and 9% for the PSHB postal employees’ plan. The FEDVIP premiums also increased, although modestly compared to our primary health care plans. The average increase when adding everything together […]

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Roth Conversion Article Update and Income Tax Impact

Posted on Thursday, 25th September 2025 by Dennis Damp

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My article, titled “TSP Traditional to ROTH IRA Conversions Coming Soon,” has one area that needs further clarification and one typo under the “Benefits and Timing” heading. Additionally, I had intended to address the income tax impact in a separate article; it is included here for convenience. I illustrated how much a couple with total […]

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