A Great Recipe ForTurning Lemons into Lemonade

Posted on August 11, 2011 by bluelinecpcu

By Nancy Coveleskie We’ve all heard this saying before, haven’t we?  How do you apply in your everyday life? I’ve been working on a project the last few days and have asked some friends and acquaintances for assistance.  I surveyed everyone via email on the following:  The #1 biggest concern I have right now about [...]

Filed under: Cashflow and budgeting, Money, Police retirement planning, Taxation of Retirement Benefits, Taxes | Tagged: , , , , , , , , , , | Leave a Comment »

ANOTHER thing you may not know about DROP, but need to know BEFORE retiring

Posted on March 15, 2011 by bluelinecpcu

ANOTHER thing you may not know about DROP, but need to know BEFORE retiring By Nancy Coveleskie As you know by now, I’m always telling you guys that one way we learn how to avoid the landmines of retiring as a police officer is by watching the others before you who have made mistakes. Sometimes [...]

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Things I’ll bet you DIDN’T know about DROP when you enrolled

Posted on February 17, 2011 by bluelinecpcu

By Nancy Coveleskie Don’t get me wrong, I’m not about to bash DROP. It has been a financial Godsend to many of our officers, but there are a few things you need to know about how it works. When you enroll in DROP and you are married, your spouse is your primary beneficiary. There is [...]

Filed under: DROP Planning, Money, Police retirement planning, Taxation of Retirement Benefits, Taxes | Tagged: , , , , , , , , | Leave a Comment »

Police Officer are More Popular Than EVER!!

Posted on January 12, 2011 by bluelinecpcu

Have you ever had so many dinner invitations in your life? We’re aware that every Tom, Dick and Harry is out to get you as a client when you retire. We want to remind you that we have been helping you long before many of these people had any interest in serving police officers. I [...]

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Fashion, cars and money – what do they have in common?

Posted on October 27, 2010 by bluelinecpcu

Hemlines go up, hemlines go down, lapels and ties widen and narrow yet again. Even car styles make a comeback. Many new cars on the road today have the lines of cars from the 40’s. You can even buy a brand new muscle car that looks like it rolled off the showroom floor 40 years [...]

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If you think that retirement simply means rolling your DROP and Deferred Comp, think again.

Posted on September 15, 2010 by bluelinecpcu

Being married to a firefighter has its advantages. (Okay, you can stop laughing now) One of the biggest is in knowing first-hand how much attention police and firefighters get when it is nearing the time to retire. We could have a steak dinner every night of the week, courtesy of all of the retirement seminars [...]

Filed under: Cashflow and budgeting, DROP Planning, Money, Police retirement planning | Tagged: , , , , , , , , , , | Leave a Comment »

Planning on retiring in January? Have you considered a December retirement date?

Posted on June 16, 2010 by bluelinecpcu

Come January, many officers have no choice but to retire due to the limits of service while in DROP. What you may want to consider, even if you don’t end up choosing this route, is to retire in December for tax reasons. It is far better to make the choice to retire in January after [...]

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Despite all your preparations, it still happened – you’re lost!

Posted on April 22, 2010 by bluelinecpcu

Despite all your preparations, it still happened – you’re lost! I love the GPS dashboard device that my wife bought me for Christmas a few years back that tells me where to go and when to turn! I still carry a real, actual, good old paper Rand McNally road map in my car, but my [...]

Filed under: Goal setting, Money, Police retirement planning, Uncategorized | Tagged: , , , , , , | Leave a Comment »

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