Entries by Karen Dzierzynski

My Career in Financial Planning

My Career in Financial Planning By Carol Schmidlin My father, Frank J. Rozanski, was in the financial services business for most of his life. In 1970 he made what he calls his best decision, which was to go independent. He said he wanted to serve his clients’ best interest and not ones of the sales […]

GSA: Per Diem Rates For Federal Workers Will Increase This Fall

GSA: Per Diem Rates For Federal Workers Will Increase This Fall The amount of money federal agencies will reimburse employees for traveling expenses will increase for both lodging and for meals and incidentals beginning in October. The General Services Administration announced last week that both lodging and meal and incidental per diem rates will increase […]

How to Decide if Medicare Part D is Right for You

How to Decide if Medicare Part D is Right for You Although most federal annuitants might benefit from keeping Part D, there are three instances where you could benefit from opting out. The Inflation Reduction of Act of 2022 included improvements to Medicare Part D, and some have already been enacted—$35 insulin, no more member […]

Your 2025 COLA: Early Projection of 1.75% 

Your 2025 COLA: Early Projection of 1.75%  The 2025 COLA payment will be effective in January 2025. Here is an early projection and how it compares to recent years. Comparing Recent COLAs and Projecting 2025 COLA The annual cost of living adjustment (COLA) impacts federal retirees in two ways. Most federal employees are now covered […]

Survey: Most TSP Participants Lack Outside Savings But Confidence Ticks Up

Survey: Most TSP Participants Lack Outside Savings But Confidence Ticks Up Close to 40% of survey participants report having private savings/investments to provide additional retirement income.  Earlier this year we looked at the results of the Federal Retirement Thrift Investment Board’s 2023 financial wellness survey and some key findings. The survey was of TSP participants, both […]