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Reply to "Help me figure out the cost of "early" retirement"
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[quote=Anonymous]Does your pension include health care or; alternatively, does your DH have decent coverage you could use? That would be one easy cost to determine. You lose money in two ways on the pension by retiring early. The first is as you noted you lose the 1.5% per year that you would stay added to your pension calculation. However, you also "lose" with the lack of a COLA adjustment as well but this depends on how your pay is structured. For example, if you are not at the cap for your job series you would get some raise each year that would increase your high three with such raise potentially being higher nowadays with inflation being higher. It's hard to calculate that though because we don't know your salary information and it is hard tell what will happen with inflation other than it will likely be high for at least another 1-2 years.[/quote]
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